Graham Corp Stock Price, News & Analysis

Graham Corporation (NYSE: GHM) has secured a follow-on order valued at approximately $23 million for the MK48 Mod 7 Heavyweight Torpedo program. This contract highlights the company’s engineering expertise and investments in production capabilities to meet the demand of the U.S. Navy and foreign militaries. Deliveries are expected through 2026, and the order will contribute to the company’s backlog in the fourth quarter of fiscal 2023. Graham specializes in fluid, power, heat transfer, and vacuum technologies for various sectors, including defense and energy.

CEO Daniel J. Thoren noted the importance of high-quality production and the need for increased capacity to fulfill orders efficiently.

Graham Corporation (NYSE: GHM) will participate in the Sidoti Small-Cap Virtual Conference on March 22, 2023. CEO Daniel J. Thoren and CFO Christopher J. Thome will host investor meetings starting at 9:15 a.m. ET. A live audio webcast of the presentation will be accessible on the GHM Investor Relations website, with an archive available post-conference. Graham Corporation specializes in fluid, power, heat transfer, and vacuum technologies for defense, space, energy, and process industries.

Graham Corporation (NYSE: GHM) has secured a multi-million dollar contract for a renewable energy vacuum system at the Hell’s Kitchen geothermal project in California's Imperial Valley. This equipment will enhance the efficiency of the geothermal plant operated by Controlled Thermal Resources (CTR), which focuses on sustainable lithium extraction with a minimal carbon footprint. CEO Daniel J. Thoren emphasized the order highlights growth opportunities in the new energy sector, contributing to a diversified and sustainable energy supply. Graham’s longstanding involvement in geothermal energy positions it well in this expanding market.

Graham Corporation (NYSE: GHM) will present at the Gabelli Funds 33rd Annual Pump, Valve and Water Systems Symposium on February 23, 2023. CEO Daniel J. Thoren and CFO Christopher J. Thome will be available for virtual investor meetings starting at 3:15 p.m. Eastern Time. The presentation can be accessed here and a replay will be available post-event. The company specializes in fluid, power, heat transfer, and vacuum technologies across various industries, emphasizing its engineering expertise and high-quality service.

Graham Corporation (NYSE: GHM) reported a 39% increase in third quarter sales, reaching $39.9 million, driven by strong demand in defense and space markets. The company achieved a net income of $368,000 or $0.03 per diluted share. Cash flow from operations stood at $9 million, with a $5 million reduction in debt, resulting in a bank leverage ratio of 2.5x. GHM raised its fiscal 2023 revenue guidance to $145 million to $155 million and tightened its adjusted EBITDA outlook to $7.5 million to $8.5 million. The company aims for $200 million in revenue and 10%-15% adjusted EBITDA by 2027.

Graham Corporation (NYSE: GHM) will announce its third quarter fiscal year 2023 financial results on February 6, 2023 before the market opens. Following this, a conference call will be conducted at 11:00 a.m. ET to discuss the results, company strategy, and outlook, with a question-and-answer session available. Interested parties can listen via phone or a webcast. A replay of the telephonic session will be accessible from 2:00 p.m. ET on the announcement day until February 13, 2023. More information is available on Graham Corporation's website.