• 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
Leading Supplier of Engineered Equipment to the Defense and Aerospace/Space Industries
• 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
� 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.
• Three oil refinery orders upgrade existing Graham ejector system components
• New ethylene production capacity order for Graham surface condensers
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.
*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
* 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