GRAFTECH INTERNATIONAL LTD

GrafTech International Ltd. (NASDAQ: EAF) is a leading manufacturer of high-quality graphite electrode products essential to electric arc furnace steel production and other ferrous and non-ferrous metal manufacturing. Founded in 1886, the company operates through its Industrial Materials segment, which comprises two major product categories: graphite electrodes and petroleum needle coke products. The company's website is www.graftech.com.

GrafTech operates graphite electrode manufacturing facilities in Calais, France; Pamplona, Spain; and Monterrey, Mexico, with an idled facility in St. Marys, Pennsylvania. As of December 31, 2025, the company's stated production capacity was approximately 178 thousand metric tons through its primary manufacturing facilities. The company is the only large-scale graphite electrode producer substantially vertically integrated into petroleum needle coke production, providing competitive advantages through its Seadrift facility in Port Lavaca, Texas, which supplies the majority of the company's petroleum needle coke requirements.

Graphite electrodes are essential consumables used primarily in electric arc furnace steelmaking, representing less than two percent of total steel production costs but critical to the process. The company manufactures ultra-high power electrodes ranging up to 31.5 inches in diameter and produces corresponding graphite connecting pins used to fasten electrodes together in furnace columns. Petroleum needle coke, derived from decant oil through a refinery-like manufacturing process, serves as the key raw material for graphite electrode production and is increasingly used in synthetic graphite for lithium-ion battery anodes.

As of December 31, 2025, GrafTech employed 1,071 employees across its global operations, with 396 in Mexico, 411 in Europe, 227 in the United States, 33 in Brazil, three in Asia-Pacific, and one in the Middle East. Approximately 61 percent of worldwide employees are covered by collective bargaining agreements. The company serves major steel producers and ferrous and non-ferrous metal manufacturers globally, with approximately 96 percent of graphite electrodes purchased by electric arc furnace steel producers. In 2025, approximately 59 percent of net sales were generated outside the United States, with 94 percent of net sales from Europe, Middle East, Africa, and the Americas combined.