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Graham Corporation - GHM STOCK NEWS

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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.

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Graham Corporation (NYSE: GHM) announces participation in the Gabelli Pump, Valve & Water Systems Symposium with key executives presenting virtually. The event will showcase the company's expertise in critical fluid, power, heat transfer, and vacuum technologies for various industries.
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Graham Corporation (GHM) reported a 10% increase in third-quarter sales to $43.8 million, driven by defense projects and aftermarket sales. The company achieved net income of $0.2 million, with adjusted net income and adjusted EBITDA improving to $2.4 million and $3.9 million, respectively. They also received a record $123.3 million in orders, primarily related to U.S. Navy programs, increasing backlog to $399.2 million. Gross margin expanded to 22.2%, and the company reduced its debt balance by $7.9 million during the quarter. GHM also increased full-year revenue and adjusted EBITDA guidance to reflect the acquisition of P3 Technologies, strong core growth, and profitability initiatives.
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Graham Corporation (GHM) will release its third quarter fiscal year 2024 financial results on February 5, 2024, followed by a conference call and webcast to review its financial and operating results, strategy, and outlook. The company is a global leader in mission critical fluid, power, heat transfer, and vacuum technologies for defense, space, energy, and process industries.
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Graham Corporation (NYSE: GHM) announced that Daniel J. Thoren, President and CEO, and Christopher J. Thome, Vice President - Finance and CFO, will present and host investor meetings at the Noble Capital Markets 19th Annual Emerging Growth Equity Conference in Boca Raton, FL on December 4 and 5, 2023. A webcast of the presentation will be available at the Company's investor relations website starting at 2:00pm ET on December 5.
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Graham Corporation (GHM) acquires P3 Technologies, LLC, a custom turbomachinery engineering and manufacturing business, expanding its reach into space, new energy, and medical markets. The acquisition is expected to be immediately accretive to earnings, deepening Graham's expertise and creating opportunities for product and technology integration.
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Graham Corporation (NYSE: GHM) reported strong financial results for its second quarter ended September 30, 2023. Sales increased by 18% driven by a 69% increase in defense market revenue. Gross profit improved by 36% to $7.2 million, and net income reached $0.4 million. Aftermarket sales to the refining and petrochemical markets were a record $10.8 million, up 74%. The company also achieved a solid backlog of $313.3 million, including 80% defense business.
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Graham Corporation, a global leader in mission-critical technologies, announced a record level of monthly orders in October 2023. The company received approximately $110 million in total orders, primarily related to follow-on orders for critical U.S. Navy programs. These defense orders are expected to be recognized in revenue from Q4 2025 through early 2030.
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Graham Corporation (NYSE: GHM) will release its second quarter 2024 financial results on November 6, 2023. The company will host a conference call and webcast to review its financial and operating results, strategy, and outlook. A telephonic replay will be available.
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Graham Corporation's subsidiary, Barber-Nichols, supplied ethylene glycol water pumps to Universal Hydrogen for its hydrogen fuel cell powered aircraft.
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Graham Corporation announces new $50 million credit facility with Wells Fargo Bank
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FAQ

What is the current stock price of Graham Corporation (GHM)?

The current stock price of Graham Corporation (GHM) is $44.65 as of November 22, 2024.

What is the market cap of Graham Corporation (GHM)?

The market cap of Graham Corporation (GHM) is approximately 472.1M.

What industries does Graham Corporation serve?

Graham Corporation serves industries including petroleum refining, chemical, petrochemical, electric power generation, metal refining, pulp and paper, shipbuilding, water heating, and more.

What products does Graham Corporation manufacture?

Graham Corporation manufactures ejectors, surface condensers, turbopumps, compressors, liquid vacuum pumps, and other heat transfer and vacuum equipment.

What is Graham Corporation's role in the defense sector?

In the defense sector, Graham Corporation provides equipment for nuclear propulsion power systems used by the U.S. Navy.

How does Graham Corporation contribute to the chemical industry?

Graham's equipment is crucial for producing fertilizers, ethylene, methanol, and various downstream chemicals in the chemical industry.

Where does Graham Corporation generate its revenue?

Graham Corporation generates revenue from both the U.S. and international markets, with a significant portion coming from heat transfer equipment sales.

What sets Graham Corporation apart from its competitors?

Graham Corporation is known for its engineering expertise in vacuum systems, dedication to product quality, and strong customer focus.

What recent achievements has Graham Corporation accomplished?

Recent achievements include significant contributions to the U.S. Navy's nuclear propulsion systems and advancements in chemical and petrochemical production equipment.

How does Graham Corporation ensure customer satisfaction?

Graham Corporation ensures customer satisfaction by delivering high-quality products, reliable performance, and a commitment to meeting customer needs.

What is the significance of Graham Corporation's products?

Graham's products are essential for various industrial processes, helping produce everyday goods and supporting critical infrastructure in multiple sectors.

How does Graham Corporation maintain its market leadership?

Graham Corporation maintains market leadership through continuous innovation, strategic market engagement, and a focus on high-quality engineering solutions.

Graham Corporation

NYSE:GHM

GHM Rankings

GHM Stock Data

472.08M
10.27M
5.72%
77.89%
1.76%
Specialty Industrial Machinery
General Industrial Machinery & Equipment
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United States of America
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