GrafTech International Ltd. (EAF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

question, press star one again. Thank you. I would now like to turn the call over to Mike Dillon, Vice President, Investor Relations. Please go ahead. Good morning and welcome to Graphic International's fourth quarter and full year 2025 earnings call. Thank you for joining us. Joining me on the call are Tim Flanagan, Chief Executive Officer, and Rory O'Donnell, Chief Financial Officer. Tim will begin with opening comments on our 2025 performance and an update on the commercial environment. Rory will then provide more details on our quarterly results and other financial matters. And Tim will close with additional comments on our outlook. We will then open the call to questions. Turning to our next slide, as a reminder, our comments today may include forward-looking statements regarding, among other things, performance, trends, and strategies. These statements are based on current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from those indicated by forward-looking statements are shown here. We will also discuss certain non-GAAP financial measures, and these slides include the relevant non-GAAP reconciliations. You can find these slides in the investor relations section of our website at www.graptech.com. A replay of the call will also be available on our website. I'll now turn the call over to Tim. Good morning, and thank you for joining Graptech's fourth quarter earnings call. We are operating in one of the most challenging environments the graphite electrode industry has seen in almost a decade, marked by global overcapacity, aggressive competitor behavior, geopolitical uncertainty, and steel production trends that remain subdued in many regions. Despite these headwinds, our team continues to de...