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 (NYSE: GHM) is an air and gas compressor manufacturing company that describes itself as a global leader in mission critical fluid, power, heat transfer and vacuum technologies for the Defense, Energy & Process, and Space industries. This news page aggregates company announcements, earnings releases and other updates that Graham furnishes through press releases and SEC filings.
Investors and observers can use this feed to follow Graham’s reported progress across its key end markets. Recent news has included quarterly financial results that highlight orders, backlog and book‑to‑bill ratios, along with commentary on demand trends in defense, energy and commercial space. The company also reports on major defense awards, such as follow‑on orders for the MK48 Mod 7 Heavyweight Torpedo program and contracts supporting the U.S. Navy’s Virginia Class submarine program, as well as aftermarket activity in its Energy & Process and Defense businesses.
Graham’s releases also cover developments in its space and new energy activities. Through its Barber‑Nichols subsidiary, the company has announced multiple orders from commercial space launch customers for advanced turbomachinery and precision‑engineered components. Other updates describe work on projects in chemical and petrochemical markets and new energy segments such as hydrogen and small modular reactors, along with investments in automation, testing technologies and cryogenic facilities intended to support these opportunities.
In addition, this page captures corporate and governance news, including board appointments, participation in investor conferences and information about acquisitions such as the purchase of certain assets of Xdot Bearing Technologies. Users interested in GHM stock can review these items to understand how Graham presents its strategy, end‑market exposure and operational initiatives over time.
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.
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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.
Rand Capital Corporation (NASDAQ: RAND) announced the election of Cari Jaroslawsky to its Board of Directors, succeeding Allen F. Grum, whose term expired. With this appointment, the board now consists of five members, four of whom are independent. Robert M. Zak, Chair of the Board, highlighted Jaroslawsky's extensive operations and finance expertise as beneficial for the company's growth and investment initiatives. Jaroslawsky has over 25 years of experience in aerospace engineering and finance, currently serving at Eaton (NYSE: ETN) and previously as CFO at Servotronics.
Graham Corporation (NYSE: GHM) announced an amendment to its five-year term loan and line of credit agreement, which suspended financial covenants until September 30, 2022. Key terms include a reduction in line of credit availability from $30 million to $15 million and a cap on net loss at $10 million for the twelve months ending March 31, 2022. The company had no borrowings on its line of credit as of March 31, 2022, down from $9.75 million at December 31, 2021. The amendment allows for financial covenants to revert to previous requirements starting December 31, 2022, and prohibits dividend declarations until financial reporting is satisfied.
Graham Corporation (NYSE: GHM) announces the appointment of Cari L. Jaroslawsky and Troy A. Stoner to its Board of Directors. This follows the voluntary retirements of James J. Malvaso and Gerard T. Mazurkiewicz. Jonathan W. Painter has been named as the new Chair of the Board. Jaroslawsky and Stoner bring extensive experience in the defense industry, enhancing the Board's expertise. The changes aim to support Graham’s transition from an energy-focused business to a diversified defense company, with expectations of driving growth and value for shareholders.