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Graham Corp. - GHM STOCK NEWS

Welcome to our dedicated news page for Graham (Ticker: GHM), a resource for investors and traders seeking the latest updates and insights on Graham.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Graham's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Graham's position in the market.

News
Graham Corporation to Present at the Gabelli Pump, Valve & Water Systems Symposium
Rhea-AI Summary
Graham Corporation (NYSE: GHM) announces participation in the Gabelli Pump, Valve & Water Systems Symposium with key executives presenting virtually. The event will showcase the company's expertise in critical fluid, power, heat transfer, and vacuum technologies for various industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
conferences
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News
Graham Corporation’s Gross Margin Expands 660 Basis Points on Sales of $43.8 Million in Third Quarter of Fiscal 2024
Rhea-AI Summary
Graham Corporation (GHM) reported a 10% increase in third-quarter sales to $43.8 million, driven by defense projects and aftermarket sales. The company achieved net income of $0.2 million, with adjusted net income and adjusted EBITDA improving to $2.4 million and $3.9 million, respectively. They also received a record $123.3 million in orders, primarily related to U.S. Navy programs, increasing backlog to $399.2 million. Gross margin expanded to 22.2%, and the company reduced its debt balance by $7.9 million during the quarter. GHM also increased full-year revenue and adjusted EBITDA guidance to reflect the acquisition of P3 Technologies, strong core growth, and profitability initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.02%
Tags
earnings
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News
Graham Corporation Announces Third Quarter Fiscal Year 2024 Financial Results Conference Call and Webcast
Rhea-AI Summary
Graham Corporation (GHM) will release its third quarter fiscal year 2024 financial results on February 5, 2024, followed by a conference call and webcast to review its financial and operating results, strategy, and outlook. The company is a global leader in mission critical fluid, power, heat transfer, and vacuum technologies for defense, space, energy, and process industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
Tags
earnings
News
Graham Corporation To Webcast Presentation At The Noble Capital Markets 19th Annual Emerging Growth Equity Conference
Rhea-AI Summary
Graham Corporation (NYSE: GHM) announced that Daniel J. Thoren, President and CEO, and Christopher J. Thome, Vice President - Finance and CFO, will present and host investor meetings at the Noble Capital Markets 19th Annual Emerging Growth Equity Conference in Boca Raton, FL on December 4 and 5, 2023. A webcast of the presentation will be available at the Company's investor relations website starting at 2:00pm ET on December 5.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
conferences acquisition
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News
Graham Corporation Acquires P3 Technologies to Expand Turbomachinery Capabilities and Technology Solutions
Rhea-AI Summary
Graham Corporation (GHM) acquires P3 Technologies, LLC, a custom turbomachinery engineering and manufacturing business, expanding its reach into space, new energy, and medical markets. The acquisition is expected to be immediately accretive to earnings, deepening Graham's expertise and creating opportunities for product and technology integration.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.2%
Tags
acquisition
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News
Graham Corporation Reports Sales Growth of 18% for Second Quarter of Fiscal 2024
Rhea-AI Summary
Graham Corporation (NYSE: GHM) reported strong financial results for its second quarter ended September 30, 2023. Sales increased by 18% driven by a 69% increase in defense market revenue. Gross profit improved by 36% to $7.2 million, and net income reached $0.4 million. Aftermarket sales to the refining and petrochemical markets were a record $10.8 million, up 74%. The company also achieved a solid backlog of $313.3 million, including 80% defense business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.41%
Tags
earnings
News
Graham Corporation Receives $110 Million in Orders in October 2023; Includes Follow-On Orders For Critical U.S. Navy Programs
Rhea-AI Summary
Graham Corporation, a global leader in mission-critical technologies, announced a record level of monthly orders in October 2023. The company received approximately $110 million in total orders, primarily related to follow-on orders for critical U.S. Navy programs. These defense orders are expected to be recognized in revenue from Q4 2025 through early 2030.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.21%
Tags
none
-
News
Graham Corporation Announces Second Quarter 2024 Financial Results Conference Call and Webcast
Rhea-AI Summary
Graham Corporation (NYSE: GHM) will release its second quarter 2024 financial results on November 6, 2023. The company will host a conference call and webcast to review its financial and operating results, strategy, and outlook. A telephonic replay will be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
Tags
earnings
-
News
Barber-Nichols, A Graham Corporation Company, Supplied Critical Turbomachinery Components for Universal Hydrogen’s Fuel Cell Powered Aircraft
Rhea-AI Summary
Graham Corporation's subsidiary, Barber-Nichols, supplied ethylene glycol water pumps to Universal Hydrogen for its hydrogen fuel cell powered aircraft.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
Tags
none
News
Graham Corporation Refinances Debt with New, Lower Cost $50 Million Revolving Credit Facility
Rhea-AI Summary
Graham Corporation announces new $50 million credit facility with Wells Fargo Bank
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
none
Stock GHM logo
Graham Corp.

NYSE:GHM

GHM Rankings

#3396 Ranked by Market Cap
#220 Ranked by Stock Gains
N/A Ranked by Dividends

GHM Stock Data

314.89M
10.25M
4.89%
70.61%
0.28%
Air and Gas Compressor Manufacturing
Manufacturing
Link
United States
Batavia

About GHM

graham corporation designs and builds vacuum and heat transfer equipment for process industries worldwide. our customers use graham equipment to help produce synthetic fibers, chemicals, petroleum products, electric power, processed food, pharmaceutical products, paper, steel, fertilizers, and many other products that are used every day by people around the globe. primary markets •petroleum refining •chemical and petrochemical industries •electric power generation •cogeneration and geothermal power other markets •metal refining •pulp and paper •shipbuilding •water heating •refrigeration •desalination •food processing •pharmaceuticals •hvac the graham brand name stands for •a heritage of vacuum system and heat transfer engineering expertise •a dedication to outstanding product quality and reliability •a commitment to placing the needs of customers first •a promise to stand behind every product to ensure expectations are met and performance assured •a determination to attract, develop an