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 (GHM) delivers mission-critical equipment for energy, defense, and process industries worldwide. This news hub provides investors with essential updates on corporate developments, financial performance, and technological innovations.
Track all official announcements through our curated collection of earnings reports, product launches, and strategic partnerships. Discover timely updates on Graham's vacuum systems, heat transfer solutions, and turbomachinery advancements that power critical industrial operations.
Key coverage areas include quarterly financial results, major contract awards in defense and energy sectors, engineering milestones, and leadership updates. Our aggregation ensures you never miss developments impacting GHM's market position in fluid technology and thermal management systems.
Bookmark this page for streamlined access to verified GHM news. Combine regular monitoring with SEC filings and industry analysis for comprehensive investment research into this specialized industrial equipment provider.
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 An archived version will be available post-event on the GHM Investor Relations site.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.
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