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BATAVIA, NY, September 18, 2018 – Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical, power and defense industries, today announced that it received three orders totaling approximately $17.5 million.
The first order is for a new petrochemical facility to be built in the U.S. Gulf Coast, for which Graham will provide vacuum condensers and ejector systems. For the second order, Graham will provide ejector systems for capacity expansion at a Mideast crude oil refinery. The third order involves replacing a Graham surface condenser that was installed in a U.S. crude oil refinery more than 40 years ago. Equipment delivery for all three orders is planned for Graham’s fiscal year ending March 31, 2020. No revenue contribution associated with these orders is expected in the current fiscal year ending March 31, 2019, which we refer to as fiscal 2019.
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