GrafTech to implement 1-for-10 reverse stock split on August 29

BROOKLYN HEIGHTS, Ohio - GrafTech International Ltd. (NYSE:EAF) announced Monday that its Board of Directors has approved a 1-for-10 reverse stock split of the company’s common stock, following stockholder approval at a Special Meeting held on August 14. The company’s stock, currently trading at $1.24, has shown significant volatility with a 52-week range of $0.55 to $2.53. According to InvestingPro analysis, the stock is currently trading below its Fair Value.

The reverse split will take effect at 12:01 a.m. Eastern Time on August 29, 2025, with GrafTech’s shares continuing to trade on the New York Stock Exchange under the existing "EAF" symbol.

As a result of the split, every ten shares of GrafTech common stock will be automatically reclassified into one share. The company’s total authorized common shares will be reduced from 3 billion to 300 million, while authorized preferred shares will decrease from 300 million to 30 million. The par value will remain unchanged at $0.01 per share.

The company stated that proportionate adjustments will be made to GrafTech’s outstanding equity awards, including the number of shares issuable under its equity incentive plan and related exercise prices.

Stockholders who would receive fractional shares due to the reverse split will instead receive an additional fraction to round up to the next whole share. No cash will be paid for fractional shares.

Computershare Trust Company is serving as the transfer and exchange agent for the reverse split. Stockholders holding shares electronically in book-entry form are not required to take any action, while those holding certificated shares will receive instructions from the transfer agent.

GrafTech International is a manufacturer of graphite electrode products used in electric arc furnace steel production and other metal manufacturing. The company describes itself as the only large-scale graphite electrode producer substantially vertically integrated into petroleum needle coke, its key raw material.

The information in this article is based on a press release statement from GrafTech International.

In other recent news, GrafTech International Ltd reported a net loss of $87 million for the second quarter of 2025, equating to a loss of $0.34 per share. The company also reported an adjusted EBITDA of $3 million, a decrease from $14 million in the same quarter of the previous year. The earnings per share were -$0.16, which fell short of the expected -$0.13, and revenue was slightly below expectations at $132 million, compared to a forecast of $132.65 million. In a separate development, BMO Capital raised its price target for GrafTech to $1.50 from $1.00, citing improved outlook due to better-than-expected cost management and slight market share gains. The firm maintained a Market Perform rating on the stock. Additionally, GrafTech announced the resignation of its Executive Vice President and Chief Operating Officer, Jeremy S. Halford, effective September 12, 2025. Mr. Halford is leaving to pursue another opportunity, and his resignation is not due to any disagreements with the company. These developments reflect the recent changes and challenges faced by GrafTech International Ltd.

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