EAF GrafTech International Ltd.

$EAF FRIDAY SWING FOLLOWED THROUGH NICELY YESTERDAY! RBC and BMO hike GrafTech targets after Q3, shares surge 25% Monday Q3 results Friday beat estimates with mid-single-digit Q4 price rise and 2027 step-up. Monterrey closure expected to save 20-25 million dollars annually starting 2028. Stock rose 14 percent Friday then opened 8.76 and hit 11.51 on 2.15 million shares. BMO Capital raised target to 9 dollars from 7.50, RBC to 9 from 8 on October 26. 8-K/A on 25-35 million dollars non-cash charges filed after the regular close. Session move exceeded the stock's recent 11-15 percent average daily range. No company press or Finviz headlines; analyst notes and earnings digestion drove it. X posts were mostly promotional or after-the-fact with no independent viral trigger.

$EAF Q3 sales were 140.2 million dollars, down 3%, but adjusted EBITDA jumped to 8.6 million dollars from 1.9 million in Q2. Volume was flat at 28.8 thousand metric tons. GAAP loss widened to 46.8 million dollars, or 1.76 dollars a share. That includes 14 million dollars of restructuring charges tied to the Monterrey closure, most of it non-cash. Realized pricing was about 3,900 dollars per metric ton, down 7% from a year ago and flat sequentially. Management expects Q4 pricing up mid-single digits vs Q3 and meaningfully higher pricing in 2027. The Monterrey closure should save 20 to 25 million dollars a year, full benefit in 2028.

$EAF Q3 '26 Earnings Results & Recap • Reported GAAP EPS of -$1.21 down -17.48% YoY • Reported revenue of $140.16M down -2.67% YoY • GrafTech anticipates a mid-single-digit percentage increase in weighted-average realized pricing in Q4 versus Q3 and continues to expect a low-single-digit percentage decline in cash cost of goods sold per MT for 2026.

$EAF with the bonds having traded up, as pricing continues to increase that will flow to the stock