EAF · EAF Q2 FY2026 earnings call record财报电话会记录

“We are pleased to have delivered 8% year-over-year sales volume growth this quarter, including a 29% increase in the United States, which remains our strongest commercial region.”

“We continue to implement our previously announced price increases on uncommitted volume, which represents an important first step to restore pricing to the levels that safeguard regional graphite electrode production and the continuity of supply for our customers.”

“As we previously noted, the trade petition filed earlier this year estimated dumping margins for Chinese and Indian electrode imports of 147% and 74%, respectively.”

“That perspective is also reflected in the World Steel Association's most recent steel demand outlook, which calls for modest growth in 2026, followed by more meaningful acceleration in 2027 for steel demand outside of China.”

“Expanding on this point, sales volume increased to approximately 31,000 metric tons, representing growth of 8% compared to the prior year quarter and 10% sequentially.”

“Importantly, our second quarter and year-to-date performance is consistent with our expectation for full-year sales volume growth of between 5%-10%.”

“In the U.S., we delivered 29% year-over-year sales volume growth for the second quarter.”

“This reflects our ongoing focus on value over volume as we continue to prioritize business that meets our margin expectations while expanding our presence in higher-value regions.”

“As we have noted in prior calls, we will have periodic quarter-to-quarter fluctuations in our cash cost recognition as a result of timing impacts.”

“On a full-year basis, we continue to expect approximately $35 million of capital expenditures during the year, consistent with maintaining our assets at current operating levels and supporting targeted investments in plant capabilities and productivity improvements.”

“Utilization rates, again, are over 80%, all of our customers are operating well.”

“As we alluded to in the first quarter call, we are seeing some pull into the second quarter for volumes in the U.S., which to us is a sign of strengthening demand, we're also seeing new orders come in for additional volumes needed in the third and fourth quarter.”