News

Graham Corporation Reports Fiscal 2021 Fourth Quarter and Full Year Results

  • Fourth quarter fiscal 2021 revenue up 11% over prior-year period, driven by refining and defense industry sales
  • Orders for the year were $121.6 million including $69.2 million from the defense industry
  • Backlog at fiscal year-end was $137.6 million; 76% of backlog was for the defense industry
  • Graham furthers strategic diversification into defense industry with $70 million acquisition of Barber-Nichols Inc., a specialty turbomachinery company

Graham Corporation Acquires Barber-Nichols Inc. for $70 million

Leading Supplier of Engineered Equipment to the Defense and Aerospace/Space Industries

Graham Corporation Reports Sales of $27 million in Third Quarter Fiscal 2021

  • Third quarter sales of $27 million yielded $0.11 earnings per share
  • Orders were $61.8 million in the quarter including $52.3 million from the defense industry
  • Record backlog of $149.7 million; 45% to 50% expected to ship in next twelve months
  • Fiscal year 2021 revenue expected to be $93 million to $97 million with gross margin between 21% and 22%

Graham Corporation Reports Sales Grew to $28 million for Fiscal 2021 Second Quarter

  • Second quarter sales of $28 million yielded $0.27 earnings per share
  • Orders were $35.0 million in the quarter; Backlog improved sequentially to $114.9 million
  • Revenue guidance increased to $93 million to $97 million and gross margin expectation improved to 21% to 23%

Graham Corporation Reports Fiscal 2021 First Quarter Results

  • First quarter fiscal 2021 sales of $16.7 million, reflects average operating capacity of 50% due to Company’s response to the COVID-19 pandemic
  • Net loss of $0.18 per share result of dramatic decline in throughput
  • Backlog of $107.2 million comprised of 51% from defense industry
  • Fiscal 2021 revenue guidance of $90 million to $95 million from expected improved performance for remainder of fiscal 2021

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