News Archive

Graham Corporation Reports Sales Grew 22% for Second Quarter Fiscal 2022

  • Defense industry represented 58% of quarterly revenue and 49% year-to-date validating strategic expansion into the defense industry
  • Revenue of $34.1 million, up 22% driven by acquisition
  • Orders increased to $31.4 million, up 50% sequentially
  • Backlog at quarter-end was $233.2 million; 78% from the defense industry
  • Profits and margins heavily impacted by timing of lower margin defense projects

Graham Corporation Awarded Over $20 Million in Orders Across Diverse Industries Quarter-to-date

  • 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

Graham Corporation Reports Fiscal 2022 First Quarter Results

• 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

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

Graham Corporation Reports Fiscal 2020 Fourth Quarter and Full Year Results

  • Q4 revenue of $23.1 million reflected approximately $7 million in delayed revenue as a result of the COVID-19 global pandemic
  • Q4 EPS was $0.06; fiscal year 2020 EPS was $0.19
  • High quality backlog of $112 million at end of year; Defense industry comprises 52% of backlog
  • Strong balance sheet provides ample liquidity with cash balance of $73 million at March 31, 2020

Graham Corporation Reports Fiscal 2020 Third Quarter and Year-to-Date Results

  • Third quarter revenue of $25 million; third quarter orders of $20 million
  • Backlog remains strong at $123 million as of December 31
  • Reiterating fiscal 2020 revenue guidance of 20% to 26% growth and revising gross margin to between 21% and 22%

Graham Corporation Reports Fiscal 2020 Second Quarter and First Half Results

  • Second quarter revenue of $22 million; EPS of $0.12
  • Second quarter orders of $33 million
  • Expecting fiscal 2020 book-to-bill ratio in excess of 1x; backlog grew to $128 million at September 30

Graham Corporation Awarded Orders for Three Projects Totaling $19 Million

  • Expanding and modernizing a Southeast Asia refiner
  • Adding new capacity in the China crude oil refining market
  • Replacing Graham equipment in Latin America, originally supplied in the 1970s

Graham Corporation Reports Fiscal 2020 First Quarter Results

  • Revenue of $21 million; EPS of $0.01, adjusted EPS of $0.10
  • Raising fiscal 2020 guidance driven by near-term order outlook; Expecting 20% to 26% revenue growth and gross margin between 24% and 26%
  • Completed sale of commercial nuclear utility business, Energy Steel
  • Backlog remains strong at $117 million; Expecting fiscal 2020 book-to-bill ratio in excess of 1x

Graham Corporation Reports Fiscal 2019 Fourth Quarter and Full Year Results

  • Revenue grew 18% to $92 million for fiscal 2019; loss per share was $0.03, adjusted EPS was $0.51
  • Backlog remains strong at $132 million; Fiscal 2019 book-to-bill ratio was 1.1x
  • Expecting fiscal 2020 revenue between $95 million and $100 million; represents 14% to 20% growth, excluding commercial nuclear utility business which is for sale

Graham Corporation Reports Fiscal 2019 Third Quarter and Year-to-Date Results

  • Revenue was $17.2 million, earnings per share was $0.01 in third quarter
  • Third quarter orders were $23 million, backlog of $133.7 million
  • Fiscal 2019 revenue expectations are between $90 million and $95 million, a 16% to 22% increase over prior year

Graham Corporation Reports Fiscal 2019 Second Quarter and First Half Results

  • Second quarter revenue was $21 million
  • Net income of $1.8 million, $0.19 per share
  • Orders were $34 million, record backlog of $128 million
  • Narrowing fiscal 2019 revenue expectations to $98 million to $105 million

Graham Corporation Awarded Three Orders Totaling $17.5 Million

  • Supplying a new petrochemical facility in U.S. Gulf Coast
  • Adding capacity expansion at a Mideast crude oil refinery
  • Replacing and upgrading equipment in Graham’s refinery installed base

Graham Corporation Reports Fiscal 2019 First Quarter Results

  • Revenue and earnings grow as core markets recover
  • Net income of $2.3 million, $0.24 per share, vs. $0.9 million, or $0.10 per share, in prior year
  • Orders were $22 million, backlog remains strong at $115 million
  • Increasing fiscal 2019 revenue expectations to $95 million to $105 million

Graham Corporation Awarded $6.6 Million in U.S. Gulf Coast Petrochemical Industry Orders

  • Replacing and upgrading equipment in Graham’s installed base
  • Adding new petrochemical capacity driven by plentiful natural gas feedstock

Graham Corporation Awarded $5.5 Million in Global Refining Industry Orders

  • Two orders for replacement equipment in Graham’s installed base
  • One order for a new ejector system in a refinery revamp project

Graham Corporation Reports Fiscal 2018 Third Quarter and Year-to-Date Results

  • Third quarter orders of $40 million, backlog increased to $96 million
  • Diluted loss per share of $1.19, included non-cash impairment charges
  • Third quarter revenue of $17 million, adjusted earnings per share were breakeven
  • Fiscal 2018 revenue guidance narrowed to approximately $75 million

Graham Corporation Reports Fiscal 2018 First Quarter Results

  • Revenue of $21 million; net income of $0.9 million, $0.10 per share
  • Continue to expect fiscal 2018 revenue to be between $80 million and $90 million

Graham Corporation Reports Fiscal 2017 Fourth Quarter and Full Year Results

•    Full year revenue of $92 million; net income of $5 million, $0.52 per share
•    Cash and investments grew over $8 million during fiscal 2017
•    Expecting fiscal 2018 revenue to be between $80 million and $90 million

Graham Corporation Reports Fiscal 2017 Third Quarter Results

  • Third quarter net sales of $23 million compared with $17 million in third quarter of fiscal 2016
  • Net income of $1.8 million, or $0.19 per share, compared with $1.3 million, or $0.13 per share, for the prior-year third quarter
  • Fiscal 2017 revenue expectations tightened to range of $88 million to $92 million

Graham Corporation Reports Fiscal 2017 Second Quarter Results

  • Second quarter revenue was $21 million; net income was $1.3 million, or $0.13 per share
  • Orders increased 20% to $24.8 million in second quarter compared with the prior-year period, driven by results of diversification strategy
  • Backlog grew to $104 million, from $100 million at end of fiscal 2017 first quarter

Graham Corporation Awarded $9 Million in Orders

  • Large installed base leads to follow-on orders for replacement equipment
  • Wins first project opportunity on a crude oil floating production storage and offloading platform

Graham Corporation Awarded $5 Million in Orders

  • U.S. oil refinery order for new ejector system
  • Middle East liquefied natural gas facility order to replace surface condensers

Graham Corporation Declares Quarterly Cash Dividend

Graham Corporation declared a quarterly cash dividend of $0.04 per common share.  The dividend will be payable September 3, 2014 to stockholders of record at the close of business on August 20, 2014.

Graham Corporation Wins $8 Million of Orders for Global Oil Refining Projects

� Oil refinery order to provide a new Graham ejector system in China
� Two orders to replace ejector system components in Canadian Oil Sands and in U.S.

Graham Corporation Wins $10 Million of Orders for North American Oil Refining and Petrochemical Projects

• Three oil refinery orders upgrade existing Graham ejector system components
• New ethylene production capacity order for Graham surface condensers

Graham Corporation Reports Record Orders and Backlog for Fiscal Year 2014

• Record orders in fiscal 2014 of $128.2 million, up 34% over prior year
• Record fiscal year-end backlog of $112.1 million
• Fourth quarter revenue was $26.1 million with diluted earnings per share of $0.23; Fiscal 2014 revenue was $102.2 million with $1.00 in diluted EPS
• Strong, flexible balance sheet with $61.1 million in cash, cash equivalents and investments
• Fiscal 2015 revenue expected to grow 17% to 27% to range of $120 to $130 million

Graham Corporation Declares Quarterly Cash Dividend

Graham Corporation declared a quarterly cash dividend of $0.04 per common share. The dividend will be payable June 26, 2014, to stockholders of record at the close of business on June 12, 2014.

Graham Corporation Awarded $7.5M in Orders Primarily for US Petrochem Market

  • Two US orders driven by chem/petrochem industry
  • One Middle East order for oil refinery expansion
  • FY 2014 Capital expenditure increase to between $6M and $7M

Graham Corporation Announces $7M in Orders

  • US orders driven by resurgence of chem/petrochem industry from low cost natural gas
  • Ejector system replacement condensers order for South American refinery

Graham Corporation Reports Q1 FY2014 Revenue of $28.3M and EPS of $0.38

*Q1 revenue of $28.3M, 25% increase over Q1 FY2013
*Orders of $32.8M; Backog increased to $90.4M
*Q1 Operating margin of 20% versus 10% Q1 FY2013
*Q1 diluted earnings per share of $0.38, compared with $0.14 in prior year period

Graham Corporation Reports Record Revenue for FY 2013

* Q4 revenue $30.9M; FY13 revenue a record $105M
* Operating margin 18.4% in Q4, up from 7.7% in prior year Q4
* Q4 diluted earnings per share were $0.41
* Q4 orders $25.9M; backlog at fiscal year end $85.8M

Graham Corporation Declares Quarterly Cash Dividend

Graham Corporation declared a quarterly cash dividend of $0.03 per common share. The dividend will be payable June 27, 2013, to stockholders of record at the close of business on June 13, 2013.

Graham Corporation Announces Q4 and FY 2013 Financial Results Release

Graham Corporation will release its financial results for Q4 and FY 2013 ended March 31, 2013, before the opening of financial markets on Friday, May 31, 2013.

Graham Corporation Awarded $12 Million in Orders for North American Oil Refineries

• Includes four ejector systems and a surface condenser for refinery revamps and upgrades in Canada and the U.S. as well as for expanding oil sands upgrader capacity

Graham Declares Quarterly Dividend

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