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Graham Corporation Reports Fiscal 2017 Third Quarter Results


BATAVIA, NY, February 1, 2017 – 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 financial results for its third quarter and nine months ended December 31, 2016. Graham’s current fiscal year ends March 31, 2017 (“fiscal 2017”).
Net sales in the third quarter were $22.7 million, compared with net sales of $17.3 million in the third quarter of the fiscal year ended March 31, 2016 (“fiscal 2016”). Net income in the third quarter was $1.8 million, or $0.19 per diluted share, compared with $1.3 million, or $0.13 per diluted share, in the prior-year third quarter.

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