• Order volume developing momentum in second quarter fiscal 2022
• Approximately $10.0 million in awards were related to the Company's defense/space industry platform
  • Project wins included $1.2 million for the design and development of specialized cooling pumps for Space applications
• Approximately $6.9 million of orders were related to the Company's energy and chemical/petrochemical industry platform with another $1.0 million in advanced energy
• Also received a $1.0 million order for surface condensers for an HVAC application

• Revenue of $20.2 million up 21%, driven by defense and refining industry sales
• Orders increased to $20.9 million including $11.4 million from the refining industry
• Backlog at quarter-end was $235.9 million; 80% of backlog was for the defense industry; Added space industry to backlog with acquisition of Barber Nichols
• Profits and margins heavily impacted by product mix

• 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

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

• 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%

• 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%