News

Graham Corporation Reports Third Quarter of Fiscal 2010

• Record orders of $51.6 million
• Achieved 6% net margin on 51% sales decline
• Cash balance increased to $57.7 million
• Record Backlog of $89.8 million

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Graham Corporation Announces Third Quarter Fiscal 2010 Financial Results Teleconference

 Release and Conference Call on Friday, January 29, 2010 at 11:00 a.m. Eastern Time

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Graham Corporation Awarded $3 Million in Refinery Orders

• $3M for refineries in Middle East and U.S.
• Fiscal 2010 Q3 orders at $51.6 million
• Fiscal 2010 guidance reaffirmed with revenue at $60-65 million and gross margin in 33-35% range

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Graham Corporation Wins Refinery Orders Totaling Over $9 Million

Equipment destined for oil refineries in the Middle East, China and the U.S.

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Graham Corporation Awarded Surface Condenser Order Worth Over $25 Million

Northrop Grumman Shipbuilding order to supply four steam surface condensers for the second aircraft carrier of the Gerald R. Ford class, the unnamed CVN 79.(Click here for the full story.)

Graham Corporation Achieves ISO 9001:2008 Certification

Graham’s quality management system has been ISO 9001-compliant since 1999.  Graham has taken additional steps to advance its system to continue to meet the high standards of its customers.(Click here for the full story.)

Graham Corporation Wins $3.9 Million in Orders for Steam Surface Condensers

Three orders for each of three key markets served in three different countries: petrochemical facility in India; oil refinery in Mexico and bio-mass fueled cogeneration facility in the U.S.(Click here for the full story.)

Graham Corporation Awarded Orders Totaling More than $16 Million

James R. Lines, Graham’s President and Chief Executive Officer, commented, “It is encouraging to see increased purchasing activity in our international markets, particularly in Asia and the Middle East, where we expected the recovery from the global recession to begin. We are also seeing renewed quoting activity in South America. However, we do not believe our markets are in full recovery, and we continue to expect non-uniform order levels for several more quarters.”(Click here for the full story.)

Graham Corporation Reports Second Quarter Fiscal 2010

• Gross profit held strong at 36.3%
• Orders of $29.6M; backlog $50.5M
• Cash balance increases $9.4M to $54.7M
• Revenue guidance tightened to $60 to $65M; gross margin expected 33% to 35%(Click here for the full story.)

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