GRAFTECH INTERNATIONAL LTDEAF

GRAFTECH INTERNATIONAL LTD Earnings Per Share Disclosure

10-KFiled Feb 13, 20262 min read
Loss per Share
All share and per share data in the table and discussion below for all periods presented reflect the 1-for-10 reverse stock split, which became effective on August 29, 2025. See Note 1, “Business and Summary of Significant Accounting Policies” for further information
The following table presents a reconciliation of the numerator and denominator of basic and diluted loss per share:
(dollars in thousands; except per share amounts)202520242023
Numerator for basic and diluted loss per share:
Net loss$(219,835)$(131,165)$(255,250)
Denominator:
Weighted average common shares outstanding for basic calculation26,004,964 25,766,825 25,710,929 
Weighted average common shares outstanding for diluted calculation26,004,964 25,766,825 25,710,929 
Basic loss per share$(8.45)$(5.09)$(9.93)
Diluted loss per share$(8.45)$(5.09)$(9.93)
Basic loss per share is calculated by dividing net loss by the weighted average number of common shares outstanding. Diluted loss per share is calculated by dividing net loss by the sum of the weighted average number of common shares outstanding plus the additional common shares that would have been outstanding if potentially dilutive securities had been issued.
The weighted average common shares outstanding for the diluted loss per share calculation for the years ended December 31, 2025, 2024 and 2023 excludes the dilutive effect of approximately 61,774, 4,833 and 4,120 shares, respectively, primarily related to restricted stock units, as their inclusion would have been anti-dilutive due to the Company's net loss.
Additionally, the weighted average common shares outstanding for the diluted loss per share calculation excludes consideration of 384,675, 505,626 and 303,356 equivalent shares in 2025, 2024 and 2023, respectively, as their effect would have been anti-dilutive.

Historical Timeline

Fiscal YearFiled
2025Feb 13, 2026Showing above
2024Feb 14, 2025
2023Feb 14, 2024
2022Feb 14, 2023
2021Feb 22, 2022
2020Feb 23, 2021

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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