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Graham Corporation Reports Results for Fiscal 2014 Third Quarter

Graham Corporation Reports Results for Fiscal 2014 Third Quarter
• Record $114.6 million in backlog at quarter end
• Third quarter sales were $23.4 million, down 9% from sales of $25.6 million in the prior-year period; sales for the nine-month period were $76.1 million, up 3%
• Earnings per diluted share for the quarter were $0.14 compared with prior year’s $0.30; prior year was $0.21 when adjusted for a nonrecurring item
• Earnings per diluted share for the nine-month period were $0.78, up from $0.70 in the prior year; up from $0.61 in the prior year when adjusted for a nonrecurring item
• Reaffirmed fiscal 2014 expectations along with no change to fiscal 2015 revenue outlook
• Cash, equivalents and investments totaled $63.9 million at quarter end
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Graham Corporation
20 Florence Avenue. Batavia, NY 14020
Phone: 585.343.2216 // Fax: 585.343.1097
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