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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 Corporation (NYSE: GHM) will participate in the Sidoti Small-Cap Virtual Conference on March 22, 2023. CEO Daniel J. Thoren and CFO Christopher J. Thome will host investor meetings starting at 9:15 a.m. ET. A live audio webcast of the presentation will be accessible on the GHM Investor Relations website, with an archive available post-conference. Graham Corporation specializes in fluid, power, heat transfer, and vacuum technologies for defense, space, energy, and process industries.
Graham Corporation (NYSE: GHM) has secured a multi-million dollar contract for a renewable energy vacuum system at the Hell’s Kitchen geothermal project in California's Imperial Valley. This equipment will enhance the efficiency of the geothermal plant operated by Controlled Thermal Resources (CTR), which focuses on sustainable lithium extraction with a minimal carbon footprint. CEO Daniel J. Thoren emphasized the order highlights growth opportunities in the new energy sector, contributing to a diversified and sustainable energy supply. Graham’s longstanding involvement in geothermal energy positions it well in this expanding market.
Graham Corporation (NYSE: GHM) will present at the Gabelli Funds 33rd Annual Pump, Valve and Water Systems Symposium on February 23, 2023. CEO Daniel J. Thoren and CFO Christopher J. Thome will be available for virtual investor meetings starting at 3:15 p.m. Eastern Time. The presentation can be accessed here and a replay will be available post-event. The company specializes in fluid, power, heat transfer, and vacuum technologies across various industries, emphasizing its engineering expertise and high-quality service.
Graham Corporation (NYSE: GHM) reported a 39% increase in third quarter sales, reaching $39.9 million, driven by strong demand in defense and space markets. The company achieved a net income of $368,000 or $0.03 per diluted share. Cash flow from operations stood at $9 million, with a $5 million reduction in debt, resulting in a bank leverage ratio of 2.5x. GHM raised its fiscal 2023 revenue guidance to $145 million to $155 million and tightened its adjusted EBITDA outlook to $7.5 million to $8.5 million. The company aims for $200 million in revenue and 10%-15% adjusted EBITDA by 2027.
Graham Corporation (NYSE: GHM) will announce its third quarter fiscal year 2023 financial results on
Graham Corporation (NYSE: GHM) will present at the Southwest IDEAS Conference on November 17, 2022. CEO Daniel J. Thoren and CFO Christopher J. Thome will lead the presentation at 1:30 p.m. Central Time. Investors can access the live webcast via the conference website or through Graham Corporation's Investor Relations page. A replay will be available for 90 days. Graham is recognized for its expertise in fluid, power, heat transfer, and vacuum technologies across various industries including defense and energy.
Graham Corporation (NYSE: GHM) reported a 12% sales increase for Q2 FY23, reaching $38.1 million, with a record backlog of $313 million, up 20%. The company attributed growth to its diversified customer base in defense and space sectors, which made up 65% of total revenue. Although it recorded a net loss of $196,000 and a diluted EPS loss of $0.02, adjusted diluted EPS improved to $0.03. The firm reaffirmed its fiscal 2023 revenue guidance of $135 to $150 million and adjusted EBITDA of $6.5 to $9.5 million.
Graham Corporation (NYSE: GHM) announced a record $92 million in orders for the second quarter of fiscal 2023, driven primarily by $70 million from the defense sector, specifically U.S. Navy programs. Additional orders included $9 million for petroleum refining and $4 million for specialized pumps in the commercial space sector. The company will release its detailed financial results on November 7, 2022, followed by a teleconference at 11:00 am ET. This performance indicates strong demand and expands Graham's capabilities in critical markets.
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