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Graham Corporation Reports Fiscal 2017 First Quarter Results

BATAVIA, NY, July 29, 2016 – Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical, power and defense industries, today reported its financial results for its first quarter ended June 30, 2016  (“fiscal 2017”).
Net sales in the first quarter of fiscal 2017 were $22.4 million, compared with net sales of $27.6 million in the first quarter of the fiscal year ended March 31, 2016 (“fiscal 2016”). Net income in the first quarter was $0.1 million, or $0.01 per diluted share, compared with $2.4 million, or $0.23 per diluted share, in the prior year’s first quarter.

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