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Graham Corporation reports developments tied to its engineered equipment business for the Defense, Energy & Process, and Space markets. The company designs and manufactures mission-critical fluid, power, heat transfer, vacuum, cryogenic pump, turbomachinery, and advanced mixing technologies, and also supports installed equipment with service and spare parts.
Company news commonly covers quarterly operating results, orders and backlog by end market, financial guidance, industrial and aerospace-defense conference presentations, acquisitions that expand technology capabilities, and management or governance updates. Recurring business themes include demand across defense, space, and process-industry applications, custom-engineered systems, and investments in automation, testing, and technical capabilities.
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.
Graham Corporation (NYSE: GHM) announced that its President and CEO, James R. Lines, along with CFO Jeffrey F. Glajch, will present at the Gabelli 31st Annual Pump, Valve & Water Virtual Symposium on February 25, 2021, at 3:30 p.m. ET. The presentation will be available via a live webcast on Graham's website, where they routinely share news and updates. Graham specializes in designing and manufacturing essential equipment for the energy, defense, and chemical industries, with a global operational footprint.
Graham Corporation (NYSE: GHM) reported third-quarter fiscal 2021 results, showing net sales of $27.2 million, a 7% year-over-year increase. Growth was driven by strong refining sales in Asia, despite a $0.9 million impact from COVID-19-related absences. The gross profit rose to $6.2 million, with an improved gross margin of 22.9%. Notably, defense orders constituted 80% of new orders, highlighting a strategic focus on the defense market. The company maintains a robust backlog of $149.7 million. Fiscal 2021 revenue guidance remains between $93 million and $97 million.
Graham Corporation (NYSE: GHM) declared a quarterly cash dividend of $0.11 per share, payable on February 24, 2021, to shareholders of record by February 10, 2021. The company specializes in designing and manufacturing critical equipment for various sectors, including oil refining and defense. Graham's equipment is essential for energy, chemical, and petrochemical industries, showcasing their engineering expertise across global markets.