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 Corporation reported third-quarter revenue of $28.8 million, a 6% increase year-over-year. However, the company faced a diluted loss per share of $0.35, mainly due to cost overruns at its Batavia, NY facility, as it ramped up defense projects. Defense sector sales were robust at $16.6 million, comprising 58% of total revenue, contributing to a record backlog of $272.6 million. The dividend has been suspended, and the company is working to amend its credit facility following covenant breaches.
Graham Corporation (NYSE: GHM) will announce its third quarter fiscal year 2022 financial results after market close on
Graham Corporation (NYSE: GHM) announced the retirement of CFO Jeffrey F. Glajch, who will leave in the second calendar quarter of 2022 after a successor is appointed. Glajch has served as CFO for 13 years and has played a vital role in the recent acquisition of Barber-Nichols, enhancing the company’s focus on defense and space markets. CEO Daniel J. Thoren praised Glajch's leadership and strategic contributions. Graham aims to continue its growth strategy across various sectors, including traditional energy and new energy markets.
Graham Corporation (NYSE: GHM), a leader in designing and manufacturing critical industrial equipment, announced its participation in the 2021 Southwest IDEAS Investor Conference on November 17, 2021, at 4:00 p.m. Eastern Time. Daniel J. Thoren, President and CEO, and CFO Jeffrey F. Glajch will present. Investors can access the live webcast and presentation slides through their official website. The company specializes in sectors such as defense, energy, and petrochemical industries, showcasing its engineering prowess in vacuum and heat transfer technologies.
Graham Corporation (NYSE: GHM) reported a 22% increase in revenue to $34.1 million for Q2 FY22, driven by the acquisition of Barber-Nichols (BN). Orders surged 50% sequentially to $31.4 million, with a backlog of $233.2 million, 78% from defense projects. However, profits declined, with a net loss of $0.5 million and a gross margin drop to 10.1%. SG&A expenses rose 23% due to BN. Fiscal 2022 revenue guidance remains at $130-$140 million, with 45%-50% from defense.
Graham Corporation (NYSE: GHM) has declared a quarterly cash dividend of $0.11 per common share. This dividend is payable on November 23, 2021, to stockholders of record as of November 9, 2021. Graham Corporation is recognized for designing and manufacturing essential equipment for various sectors, including defense and energy. This dividend announcement reflects the company's commitment to returning value to shareholders while emphasizing its ongoing operations in critical industrial sectors.
Graham Corporation (NYSE: GHM) will release its second quarter fiscal year 2022 financial results on October 27, 2021, before market opening. The company will hold a conference call at 11:00 a.m. ET to discuss its financial performance, strategy, and future outlook. A question-and-answer segment will follow the presentation. Interested parties can access the call via phone or an internet webcast. A replay will be available from 2:00 p.m. ET on the same day through November 3, 2021.
Graham Corporation (NYSE: GHM) will present at the Sidoti Fall 2021 Virtual Small Cap Conference on September 22, 2021, at 4:00 p.m. Eastern Time. The company specializes in designing, manufacturing, and selling essential equipment for the defense, energy, and chemical sectors. With a reputation for engineering excellence in vacuum and heat transfer technologies, Graham remains committed to quality service and innovation. Additional details can be found on their website.
Graham Corporation (NYSE: GHM) reported over $20 million in orders for the second quarter of fiscal 2022, driven by demand in defense/space, energy, and chemical industries. Key highlights include $10 million related to the defense sector, with notable projects like $1.2 million for cooling pumps in space applications. 40% of this revenue will be recognized in fiscal 2022, supporting guidance of $130 million to $140 million for the year.
The company is encouraged by order momentum and a promising pipeline despite past weaknesses in refining and chemical markets.
FAQ
What is the current stock price of Graham (GHM)?
What is the market cap of Graham (GHM)?
