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Graham Corporation (GHM) is a renowned leader in the design and manufacturing of vacuum and heat transfer equipment, catering to a broad spectrum of process industries worldwide. With a commitment to product quality and customer satisfaction, Graham Corporation plays a pivotal role in the production of everyday essential goods. The company provides critical products such as ejectors, surface condensers, turbopumps, compressors, and liquid vacuum pumps.
Graham's equipment is integral to the production processes in industries such as synthetic fibers, chemicals, petroleum, electric power, processed food, pharmaceuticals, paper, steel, and fertilizers. The company's primary markets include petroleum refining, chemical and petrochemical industries, and electric power generation, with notable involvement in cogeneration and geothermal power.
Beyond its primary markets, Graham Corporation also serves the metal refining, pulp and paper, shipbuilding, water heating, refrigeration, desalination, food processing, pharmaceutical, and HVAC industries. The company's brand is synonymous with engineering expertise in vacuum systems and heat transfer, a dedication to outstanding product quality, and a relentless focus on meeting customer needs.
Recent achievements highlight Graham's strategic contributions to the defense sector, where its equipment is utilized in nuclear propulsion systems for the U.S. Navy. In the chemical and petrochemical sectors, Graham's solutions are essential in the production of fertilizers, ethylene, methanol, and various downstream chemicals.
Despite the challenging economic landscape, Graham Corporation has showcased robust financial performance, driven by its innovative product suite and strategic market positioning. Key revenue streams are derived from both domestic and international markets, with a significant portion originating from the U.S.
Graham Corporation's commitment to excellence and innovation continues to drive its growth and influence across diverse industries, ensuring its products remain crucial to modern industrial processes.
Graham (NYSE: GHM) reported strong Q3 fiscal 2025 results with revenue increasing 7.3% to $47.0 million. The company demonstrated significant margin improvements, with gross profit margin expanding 260 basis points to 24.8% and net margin rising 300 basis points to 3.4%.
Net income per diluted share grew 600% to $0.14, while adjusted net income per share increased 38% to $0.18. The company maintained a robust financial position with no debt and $30.0 million in cash. Orders reached $24.8 million, driven by defense, space, and aftermarket demand, with a year-to-date book-to-bill ratio of 1.0x and a substantial backlog of $385 million.
The company reiterated its fiscal 2025 guidance, projecting net sales of $200-210 million and adjusted EBITDA of $18-21 million. Capital expenditure expectations were raised to $15.0-19.0 million from previous guidance of $13.0-18.0 million.
Graham (NYSE: GHM) announced key leadership transitions as part of its succession plan. Daniel J. Thoren, current President and CEO, will become Executive Chairman effective June 10, 2025, focusing on strategy and business development. Matthew J. Malone, currently VP and General Manager of subsidiary Barber-Nichols, will become President and COO on February 5, 2025, and is expected to assume the CEO role in June 2025.
Additionally, Michael E. Dixon, Director of Sales and Marketing at Barber-Nichols, will be promoted to General Manager of Barber-Nichols effective February 5, 2025, and is expected to become VP of Graham in June 2025. The company reaffirmed its sales and Adjusted EBITDA guidance previously provided on November 8, 2024.
Graham (NYSE: GHM), a global leader in mission critical fluid, power, heat transfer and vacuum technologies, has announced its participation in three upcoming investor conferences in February 2025:
1. TD Cowen Aerospace & Defense Conference on February 12 in Arlington, VA, featuring a presentation at 10:45 am ET
2. Oppenheimer Emerging Growth Conference from February 25-26, conducted virtually with one-on-one meetings only
3. Gabelli Funds 35th Annual Pump, Valve & Water Symposium on February 27 in New York, NY, with a presentation scheduled for 1:15 pm ET
Key executives participating include Daniel J. Thoren (President and CEO), Christopher J. Thome (VP-Finance and CFO), and Matt Malone (VP and GM of Barber-Nichols). Live webcasts and presentation materials will be available on Graham's investor relations website.
Graham (NYSE: GHM), a global leader in mission critical fluid, power, heat transfer and vacuum technologies for defense, space, energy and process industries, has scheduled its third quarter fiscal year 2025 financial results release for Friday, February 7, 2025, before market open.
The company will host a conference call and webcast at 11:00 a.m. Eastern Time to discuss its financial results, strategy, and outlook, followed by a Q&A session. The call will be accessible via phone at (201) 689-8560, and through a webcast on the company's investor relations website. A replay will be available until February 14, 2025, by dialing (412) 317-6671 with conference ID 13750971.
Graham (NYSE: GHM), a global leader in mission critical fluid, power, heat transfer and vacuum technologies, has announced its participation in the Noble Capital Markets Emerging Growth Equity Conference. The event will take place at Florida Atlantic University in Boca Raton on December 4, 2024.
Christopher J. Thome, VP-Finance and CFO, along with Matt Malone, VP and General Manager of Barber-Nichols, will present at 10:30 a.m. Eastern Time and host investor meetings. A high-definition video webcast will be available the following day on GHM Investor Relations, Noble Capital Markets' Conference website, and Channelchek portal, remaining accessible for 90 days post-event.
Graham (NYSE: GHM), a global leader in mission critical fluid, power, heat transfer and vacuum technologies, has announced its participation in the upcoming Southwest IDEAS Conference. The event will take place at The Statler in Dallas on Thursday, November 21, 2024.
President and CEO Daniel J. Thoren and CFO Christopher J. Thome will present at 2:45 p.m. Central Time. The presentation will be accessible via live audio webcast with accompanying slides through GHM Investor Relations, with an archive available post-conference.
Graham (NYSE: GHM) reported record Q2 FY2025 revenue of $53.6 million, a 19% increase year-over-year. The company achieved significant margin expansion with gross margin improving 790 basis points to 23.9%, and net margin increasing to 6.1%. Net income per diluted share reached $0.30, while adjusted EBITDA margin expanded to 10.5%. Strong orders of $63.7 million led to a book-to-bill ratio of 1.2x and a record backlog of $407 million. The company maintains a strong balance sheet with no debt and $32.3 million in cash. Based on improved profitability, Graham raised its full-year guidance for gross margin and adjusted EBITDA.
Graham (NYSE: GHM) has announced plans to build a state-of-the-art cryogenic propellant testing facility in Florida, near its P3 Technologies subsidiary. The facility will enable testing of liquid hydrogen, liquid oxygen, and liquid methane for Space, Defense, New Energy, and medical applications. The project aims to provide a cost-effective alternative to existing testing centers and is expected to begin operations by mid-2025.
The investment is projected to achieve a cash payback period of 2-3 years with an internal rate of return exceeding 20%. The facility will support testing of pumps, components, fluid management systems, and combustion devices under various conditions.
Graham (NYSE: GHM) has scheduled its second quarter fiscal year 2025 financial results release and conference call. The company will unveil its financial results before market open on Friday, November 8, 2024, followed by a conference call at 11:00 a.m. Eastern Time. The event will include a presentation and Q&A session discussing the company's financial results, strategy, and outlook. A replay will be available until November 15, 2024, accessible via phone or webcast through the company's investor relations website.
Graham (NYSE: GHM) has successfully launched its NextGen steam ejector nozzle with a customer installation in a Gulf Coast refinery. This new technology offers significant efficiency improvements and environmental benefits. The installation resulted in a 5.6% reduction in overall steam consumption, estimated to save the customer $270,000 annually in utility costs. The refinery also increased capacity by 3.1% and improved vacuum levels by 10.4%.
The NextGen nozzles are custom-engineered for specific applications, offering 5% to 10% higher energy efficiency than standard nozzles. They target high-compression, first-stage steam jet ejectors, where steam consumption is typically highest. The technology is designed for seamless retrofitting into existing Graham ejectors.
Graham estimates a total market opportunity exceeding $50 million over the next 5 to 10 years for this enhanced product.
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