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BATAVIA, NY, November 1, 2016 – Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical, power and defense industries, today reported financial results for its second quarter ended September 30, 2016. Graham’s current fiscal year ends March 31, 2017 (“fiscal 2017”).
Net sales in the second quarter were $21.1 million, compared with net sales of $22.8 million in the second quarter of the fiscal year ended March 31, 2016 (“fiscal 2016”). Net income in the second quarter was $1.3 million, or $0.13 per diluted share, compared with $2.0 million, or $0.20 per diluted share, in the prior year’s second quarter.