Graham Corporation - GHM STOCK NEWS

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.

Graham (NYSE: GHM) has participated in Noble Capital Markets' C-Suite Interview Series, featuring CEO Daniel J. Thoren and CFO Christopher J. Thome. The interview, conducted by Noble Capital Markets Research Analyst Joe Gomes, covers Graham's strategic transformation and growth outlook. Key topics discussed include:

1. Company history and evolution
2. Diversification strategy from oil and gas to defense, space, and energy markets
3. Leadership in Navy defense programs
4. Balance between domestic and international markets
5. Margin expansion drivers and growing backlog
6. Competitive positioning and industry trends
7. Emerging opportunities and market conditions

The interview, recorded on September 20, 2024, is available on Channelchek and GHM Investor Relations websites.

Graham (NYSE: GHM), a global leader in mission-critical fluid, power, heat transfer, and vacuum technologies for defense, space, energy, and process industries, has announced its participation in the Gabelli 30th Annual Aerospace & Defense Symposium. The event will take place on September 5, 2024, in New York, NY.

Key points:

• Company executives will present and be available for investor meetings
• Presentation scheduled for 1:15 p.m. Eastern Time
• Live audio webcast with slides will be accessible via GHM Investor Relations
• An archive of the presentation will be available after the conference

This event provides an opportunity for investors to gain insights into Graham 's operations and future prospects in the aerospace and defense sectors.

Graham (NYSE: GHM) announced a groundbreaking ceremony for a new 29,000-square-foot manufacturing facility in Batavia, NY. The $17.6 million project includes a $13.5 million investment from a key customer. The facility, expected to begin operations in summer 2025, will create 24 new full-time positions.

The expansion aims to enhance operational capabilities and meet growing customer demands, particularly for the U.S. Navy. The state-of-the-art facility aligns with Graham's sustainability goals and reinforces its commitment to community development. U.S. Senator Charles Schumer and Representative Claudia Tenney praised the expansion for its contribution to national defense and local job creation.

Graham (NYSE: GHM), a global leader in mission-critical technologies for defense, space, energy, and process industries, has announced its participation in the Midwest IDEAS Conference. The event will take place on August 29, 2024, at The Gwen in Chicago.

Key highlights:

• President and CEO Daniel J. Thoren and CFO Christopher J. Thome will represent GHM
• Company presentation scheduled for 10:45 a.m. Central Time
• Live audio webcast and slides will be available on GHM Investor Relations website
• An archive of the presentation will be accessible after the conference

This event provides an opportunity for investors to gain insights into GHM's operations, strategies, and future outlook directly from top executives.

Graham (NYSE: GHM) reported strong financial results for Q1 fiscal 2025, with net income increasing 12% to $3.0 million and gross margin expanding to 24.8%. The company achieved record quarterly net sales of $50.0 million, up 5% year-over-year, driven by strength in defense and refining markets. Orders totaled $55.8 million, resulting in a book-to-bill ratio of 1.1x and a backlog of nearly $400 million.

Key highlights include:

• Adjusted net income up 20% to $3.6 million
• Adjusted EBITDA of $5.1 million, or 10.3% of sales
• Strong balance sheet with no debt and $21.6 million in cash
• Reaffirmed fiscal 2025 guidance with net sales of $200-$210 million

The company's performance reflects successful execution of strategic initiatives, growth in the defense business, and improved operational efficiency.