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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) 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.
Graham Corporation (NYSE: GHM) will release its third quarter fiscal year 2021 financial results on January 28, 2021, before market opening. The company will host a conference call at 11:00 a.m. ET the same day to discuss results, strategy, and future outlook, followed by a Q&A session. A telephonic replay will be available through February 4, 2021. Graham specializes in manufacturing critical equipment for the energy, defense, and chemical industries, with a focus on oil refining and nuclear propulsion systems for the U.S. Navy.
Graham Corporation (NYSE: GHM) announced participation at the 13th annual LD Micro Main Event investor conference on December 15, 2020, featuring presentations by Vice President & CFO Jeffrey F. Glajch and Director of Business Development Chris Johnston. The conference aims to provide insights into the company's performance and strategies in sectors including oil refining and defense. Graham specializes in designing and manufacturing critical equipment for energy and petrochemical industries, leveraging recognized engineering expertise.
Graham Corporation (NYSE: GHM) has declared a quarterly cash dividend of $0.11 per common share, to be payable on November 24, 2020, for stockholders of record as of November 10, 2020. The company's operations focus on designing, manufacturing, and selling essential equipment for the oil refining, petrochemical, and defense sectors. With a global presence, Graham’s expertise in vacuum and heat transfer technology supports diverse applications from energy to food processing.
Graham Corporation (NYSE: GHM) has announced it will release its financial results for the second quarter of fiscal year 2021 on October 28, 2020, before market opening. The company will hold a conference call at 11:00 a.m. ET to discuss its financial and operational results, along with future strategies. A replay of the call will be available later that day. Graham specializes in critical equipment for sectors including oil refining, petrochemical, and defense, showcasing its expertise in vacuum and heat transfer technology.