Graham Corp Stock Price, News & Analysis

Graham (NYSE: GHM) has been awarded $2.1 million to expand its welder training programs and related equipment. The contract, awarded by BlueForge Alliance, supports the U.S. Navy's Submarine Industrial Base initiatives. The funds will be used to increase production capacity at GHM's Batavia operation, including expanding its welding training program and increasing its skilled labor workforce by over 20%. GHM aims to complete this workforce expansion by early 2025 to support the U.S. Navy's submarine construction plans. This award reinforces GHM's position as a strategic supplier for the U.S. Navy's Submarine Industrial Base and demonstrates the company's commitment to enhancing its capabilities in the defense industry.

Graham (NYSE: GHM), a global leader in mission-critical fluid, power, heat transfer, and vacuum technologies for defense, space, energy, and process industries, has announced its first quarter fiscal year 2025 financial results conference call and webcast. The company will release its financial results on Wednesday, August 7, 2024, before the market opens.

The conference call and webcast are scheduled for 11:00 a.m. Eastern Time on the same day. Investors can access the call via phone at (201) 689-8560 or through the company's website at ir.grahamcorp.com. A telephonic replay will be available until August 14, 2024, by dialing (412) 317-6671 with conference ID 13746993. The webcast replay and transcript will also be accessible on the company's investor relations website.

Graham (NYSE: GHM), a global leader in fluid, power, heat transfer, and vacuum technologies, announced its inclusion in the Russell 2000® and Russell 3000® Indexes, effective June 28, 2024. This milestone reflects GHM's progress in boosting revenue growth and profitability. Membership in the Russell 3000® Index signifies automatic inclusion in the small-cap Russell 2000® Index, enhancing GHM's visibility, liquidity, and investor base. The annual Russell indexes reconstitution captures the largest U.S. stocks by market capitalization and is widely used for index funds and investment benchmarks, with approximately $9.1 trillion in assets benchmarked against Russell's U.S. indexes.

Graham (NYSE: GHM) reported strong financial results for the fiscal year ended March 31, 2024. The company's revenue grew 18% to a record $185.5 million, driven primarily by defense and aftermarket sales. Gross margin expanded by 570 basis points to 21.9%, while net income increased significantly to $4.6 million from $0.4 million in the prior year. Adjusted EBITDA reached $13.3 million, a 56% increase. The fourth quarter saw a 14% rise in revenue to $49.1 million, with gross margin improving by 930 basis points. The company paid off its entire $12.5 million debt during the year. Looking ahead, Graham projects fiscal 2025 revenue to be between $200 million to $210 million, with adjusted EBITDA expected to range from $16.5 million to $19.5 million, reflecting continued growth and profitability improvements.

Graham (NYSE: GHM), a leading global company in fluid, power, heat transfer, and vacuum technologies, will present at the Sidoti Small-Cap Virtual Conference on June 13, 2024.

CEO Daniel J. Thoren and CFO Christopher J. Thome will represent the company. The presentation starts at 10:00 a.m. Eastern Time and will be webcast live with slides. An archived version will be available post-event on the GHM Investor Relations site.

Graham (NYSE: GHM), a leading provider of fluid, power, heat transfer, and vacuum technologies, has secured $17 million in orders for energy and petrochemical expansion projects in North America and the Middle East. The North American project involves creating the world's first net-zero carbon emissions ethylene cracker and derivatives site, utilizing Graham's advanced surface condensers. This order was received in April 2024, with revenue expected in fiscal 2025 and 2026. The Middle Eastern project includes a vacuum system for a crude to chemical vacuum distillation tower, enhancing Group II and III Base Oils production. This order was received in March 2024, with revenue to be recognized in fiscal 2025.

Graham (NYSE: GHM), a leader in fluid, power, heat transfer, and vacuum technologies for various industries, will release its Q4 and fiscal year 2024 financial results on Friday, June 7, 2024, before the market opens.

The company will hold a conference call and webcast at 11:00 a.m. ET to discuss the results, strategies, and outlook. The call will include a Q&A session.

A replay will be available from 3:00 p.m. ET on June 7 until June 14, 2024. Access to the replay is available through the company's website or by dialing a provided phone number with the conference ID.

Graham (NYSE: GHM) has announced the filing of a universal shelf registration statement with the SEC, allowing the company to offer and sell up to $150 million of various securities. This move provides GHM with increased financial flexibility to meet long-term strategic goals and access capital markets efficiently.