Graham Corp Stock Price, News & Analysis

Graham Corporation (NYSE: GHM) will participate in the Midwest IDEAS Conference on August 25, 2022, in Chicago, IL. CEO Daniel J. Thoren and CFO Christopher J. Thome will present and hold investor meetings. The presentation starts at 8:00 am Central Time and will be available online at the conference website and Graham's investor relations page. A replay will be accessible for 90 days post-event. Graham is renowned for its fluid, power, heat transfer, and vacuum technologies across various industries.

Graham Corporation (NYSE: GHM) announced $40.3 million in orders for the first quarter of fiscal year 2023. Key highlights include:

• $10.0 million for commercial aftermarket
• $7.3 million in pump orders for the space industry
• $7.0 million for vacuum distillation systems in India
• $5.6 million for U.S. Navy submarine and carrier programs

Graham Corporation (NYSE: GHM) reported a strong first quarter for fiscal 2023, with net sales reaching $36.1 million, a 79% increase year-over-year. This growth reflects the success of its Barber-Nichols acquisition and diversification of its revenue base. Defense and space contributed to 45% of total sales, with a record backlog of $260.7 million. The company posted a net income of $676 thousand or $0.06 per diluted share. The outlook remains positive, projecting revenue between $135-$150 million and adjusted EBITDA of $6.5-$9.5 million for the fiscal year.

Graham Corporation (NYSE: GHM) is set to release its first quarter fiscal year 2023 financial results on Friday, July 29, 2022, prior to market opening. The company will hold a conference call at 10:00 a.m. ET to discuss its financial performance and strategic outlook, followed by a Q&A session. Investors can access the live call or a replay through the company's website. Graham is recognized for its expertise in fluid and heat transfer technologies across various industries, including defense and energy.

Graham Corporation (NYSE: GHM) announced that its CEO Daniel J. Thoren and CFO Christopher J. Thome will participate in investor meetings at the virtual East Coast IDEAS Investor Conference on June 22, 2022. The presentation will be available from 6:00 am ET and can be accessed through the conference website and Graham's investor relations page. The presentation will remain archived for 90 days. Graham specializes in fluid, power, heat transfer, and vacuum technologies, serving the defense, space, energy, and process industries.

Graham Corporation (NYSE: GHM) announced a five-year strategic plan aimed at achieving high single-digit revenue growth and low double-digit to mid-teens adjusted EBITDA margins. The plan involves a two-pronged approach to enhance legacy heat transfer and vacuum technology operations while investing in new fluid and power technologies. The company is focusing on improving processes and talent engagement at its Batavia, NY facility to boost productivity. CEO Daniel J. Thoren emphasized opportunities in defense, hydrogen, and space markets, projecting significant growth potential over the next five years.

Graham Corporation (GHM) reported a strong fiscal 2022 with revenues of $122.8 million, a 26% increase compared to the previous year. The fourth quarter alone saw revenues rise 55% to $39.7 million, driven by a significant contribution from the Barber-Nichols acquisition. However, the company recorded a net loss of $1.4 million in Q4 and $8.8 million for the year. For fiscal 2023, Graham anticipates revenue growth between $135 million and $150 million, with an adjusted EBITDA expected to improve to $6.5 million to $9.5 million. Backlog at year-end stood at $256.5 million, with a focus on defense projects.

Graham Corporation (NYSE: GHM) announced its preliminary revenue and adjusted EBITDA for fiscal 2022, aligning with guidance provided in February. Revenue was projected between $120 million and $125 million, with adjusted EBITDA expected to be a loss of $5 million. The company is set to present its strategic plan and financial results for the fourth quarter and full fiscal year on June 9, 2022. Additionally, Graham has launched a new corporate brand and website to reflect organizational changes. The leadership emphasized advancing U.S. Navy projects and revitalizing the company's earnings potential.