GRAFTECH INTERNATIONAL LTD
For the period ended Sep 30, 2025. Filed Oct 24, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 24, 2025
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Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(Dollars in thousands, except per share data)
| Three Months EndedSeptember 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
| Net sales | $143,998 | $130,654 | $387,677 | $404,565 |
| Cost of goods sold | 132,041 | 134,885 | 372,691 | 402,059 |
| Lower of cost or market inventory valuation adjustment | 1,650 | 7,843 | 6,326 | 11,916 |
| Gross profit (loss) | 10,307 | (12,074) | 8,660 | (9,410) |
| Research and development | 1,639 | 1,245 | 4,866 | 4,319 |
| Selling and administrative expenses | 13,784 | 13,060 | 41,673 | 33,435 |
| Rationalization expenses | — | (99) | — | 3,156 |
| Operating loss | (5,116) | (26,280) | (37,879) | (50,320) |
| Other expense (income), net | 142 | (285) | (1,837) | (1,769) |
| Interest expense | 24,517 | 16,503 | 79,776 | 47,738 |
| Interest income | (1,383) | (1,098) | (5,184) | (4,475) |
| Loss before income taxes | (28,392) | (41,400) | (110,634) | (91,814) |
| Income tax expense (benefit) | 90 | (5,332) | 44,085 | (10,125) |
| Net loss | $(28,482) | $(36,068) | $(154,719) | $(81,689) |
| Basic loss per common share: | ||||
| Net loss per share(1) | $(1.10) | $(1.40) | $(5.97) | $(3.17) |
| Weighted average common shares outstanding(1) | 25,933,254 | 25,769,616 | 25,896,520 | 25,756,936 |
| Diluted loss per common share: | ||||
| Net loss per share(1) | $(1.10) | $(1.40) | $(5.97) | $(3.17) |
| Weighted average common shares outstanding(1) | 25,933,254 | 25,769,616 | 25,896,520 | 25,756,936 |
| CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS | ||||
| Net loss | $(28,482) | $(36,068) | $(154,719) | $(81,689) |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments, net of tax of $0, $(16), $0 and $29, respectively | 1,601 | 10,308 | 36,178 | (2,404) |
| Commodities, interest rate and foreign currency derivatives, net of tax benefit of $7, $386, $19 and $2,111, respectively | (39) | (1,315) | (121) | (7,516) |
| Other comprehensive income (loss), net of tax | 1,562 | 8,993 | 36,057 | (9,920) |
| Comprehensive loss | $(26,920) | $(27,075) | $(118,662) | $(91,609) |
(1)All share and per share data for all periods presented have been retroactively adjusted to reflect the 1-for-10 reverse stock split which became effective on August 29, 2025. See Note 1, “Organization and Summary of Significant Accounting Policies” for further information.
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