Welcome to our dedicated page for Graham news (Ticker: GHM), a resource for investors and traders seeking the latest updates and insights on Graham stock.
Graham Corporation (NYSE: GHM) is an air and gas compressor manufacturing company that describes itself as a global leader in mission critical fluid, power, heat transfer and vacuum technologies for the Defense, Energy & Process, and Space industries. This news page aggregates company announcements, earnings releases and other updates that Graham furnishes through press releases and SEC filings.
Investors and observers can use this feed to follow Graham’s reported progress across its key end markets. Recent news has included quarterly financial results that highlight orders, backlog and book‑to‑bill ratios, along with commentary on demand trends in defense, energy and commercial space. The company also reports on major defense awards, such as follow‑on orders for the MK48 Mod 7 Heavyweight Torpedo program and contracts supporting the U.S. Navy’s Virginia Class submarine program, as well as aftermarket activity in its Energy & Process and Defense businesses.
Graham’s releases also cover developments in its space and new energy activities. Through its Barber‑Nichols subsidiary, the company has announced multiple orders from commercial space launch customers for advanced turbomachinery and precision‑engineered components. Other updates describe work on projects in chemical and petrochemical markets and new energy segments such as hydrogen and small modular reactors, along with investments in automation, testing technologies and cryogenic facilities intended to support these opportunities.
In addition, this page captures corporate and governance news, including board appointments, participation in investor conferences and information about acquisitions such as the purchase of certain assets of Xdot Bearing Technologies. Users interested in GHM stock can review these items to understand how Graham presents its strategy, end‑market exposure and operational initiatives over time.
Graham Corporation (NYSE: GHM) announces participation in the 12th Annual Midwest IDEAS Investor Conference on August 26, 2021. Key executives, Daniel J. Thoren and Jeffrey F. Glajch, will present virtually, with a webcast available starting at 8:00 AM ET on August 25, 2021. Investors can access the presentation via the conference website and Graham's investor relations page. The presentation will remain accessible for 90 days. Graham Corporation specializes in high-engineered equipment for various industries, emphasizing engineering expertise and quality service.
Graham Corporation (NYSE: GHM) reported Q1 fiscal 2022 net sales of $20.2 million, a 21% increase driven by the acquisition of Barber-Nichols (BN) and higher sales in the refining sector. However, gross profit declined to $0.9 million with a 4.5% margin. The company faced a net loss of $3.1 million and an operating loss of $3.8 million. The backlog reached $235.9 million, with strong demand from defense projects. Fiscal 2022 revenue guidance remains at $130 million to $140 million, with optimism for stronger margins in the future.
Graham Corporation (NYSE: GHM) has appointed Daniel J. Thoren as President and CEO, effective September 1, 2021. Thoren, previously President and COO, succeeds James R. Lines, who is retiring after 37 years with the company. Thoren aims to drive growth in the defense and energy markets, capitalizing on the leadership benefits gained from the recent acquisition of Barber-Nichols. The company has experienced expansion under Lines, particularly in cash generation and market presence, positioning it for future improvements under Thoren's leadership.
Graham Corporation (NYSE: GHM) has declared a quarterly cash dividend of $0.11 per common share. This dividend is scheduled for payment on August 25, 2021, to stockholders of record by August 11, 2021. Graham is recognized for its critical equipment manufacturing for sectors including energy, defense, and chemical/petrochemical industries, with a commitment to quality and engineering excellence through its subsidiary, Barber-Nichols LLC.
Graham Corporation (NYSE: GHM) will release its first quarter fiscal year 2022 financial results on August 10, 2021, before market opening. A conference call will follow at 11:00 a.m. ET, discussing financials, strategy, and outlook. An archived replay will be available from 2:00 p.m. ET that day through August 17, 2021. Interested parties can access the call via phone or through their website.
Graham Corporation (NYSE: GHM) reported its fourth quarter and full fiscal year 2021 results, showing a net sales increase to $25.7 million in Q4, up from $23.1 million. The company completed the acquisition of Barber-Nichols Inc. for $70 million, expected to enhance diversification and contribute an additional $45 million to $48 million in revenue in fiscal 2022. Despite a weak energy market, 25% of revenue came from U.S. Navy orders, reflecting a strong defense sector backlog of $104 million. Fiscal 2022 revenue guidance is $130 million to $140 million.
Graham Corporation (NYSE: GHM) has acquired Barber-Nichols Inc. (BNI) for $70.1 million, funded by 87% cash and 13% stock. BNI, which generated $56 million in revenue, specializes in turbomachinery for defense and aerospace. This strategic acquisition is expected to enhance Graham's financial performance, double its addressable market, and diversify into the defense sector. The deal includes a $20 million term loan and a $30 million revolver. A contingent earn-out arrangement may yield up to $14 million additional cash for BNI's sellers based on post-acquisition performance metrics.
Graham Corporation (NYSE: GHM) announced a quarterly cash dividend of $0.11 per common share, payable on June 23, 2021, to stockholders of record by the close of business on June 9, 2021. With a focus on designing and manufacturing critical equipment for the energy, defense, and petrochemical industries, Graham demonstrates its commitment to shareholder returns through this dividend declaration. The company is recognized for its engineering expertise and wide-reaching global operations across various sectors, including oil refining and nuclear propulsion systems.
Graham Corporation (NYSE: GHM) announced the release of its financial results for the fourth quarter and the full fiscal year 2021 before markets open on June 1, 2021. A conference call will take place on the same day at 11:00 a.m. ET to discuss these results along with the company’s strategy and outlook. Following the presentation, a Q&A session will be held. Investors can access the archived call and slides on the company’s website post-event.
Graham Corporation (NYSE: GHM) announced that President and CEO James R. Lines and CFO Jeffrey F. Glajch will present at the Sidoti Spring 2021 Virtual Conference on March 24, 2021, at 11:30 a.m. ET. The conference will be accessible via a live webcast. Graham is a global provider of equipment for the oil refining, petrochemical, and defense industries, known for its engineering expertise in vacuum and heat transfer technology. The company’s products are utilized in various applications across multiple regions.