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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), a leader in fluid, power, heat transfer, and vacuum technologies, announced that President and CEO Daniel J. Thoren and CFO Christopher J. Thome will present at the Sidoti & Company Small-Cap Virtual Conference on September 22, 2022, at 8:30 a.m. Eastern Time. Investors can access a live webcast of the presentation and materials at ir.grahamcorp.com. A replay will be available for 90 days. Graham specializes in providing solutions for the defense, space, energy, and process industries.
Graham Corporation (NYSE: GHM) announced that its executives, including President and CEO Daniel J. Thoren and CFO Christopher J. Thome, will present at the Gabelli Annual Aerospace & Defense Symposium in New York on September 8, 2022, starting at 9:30 am ET. Investors can access the presentation via this link or through the investor relations section of Graham's website. The company specializes in fluid, power, heat transfer, and vacuum technologies for critical industries.
Graham Corporation (NYSE: GHM) will participate in the Midwest IDEAS Conference on August 25, 2022, in Chicago, IL. CEO Daniel J. Thoren and CFO Christopher J. Thome will present and hold investor meetings. The presentation starts at 8:00 am Central Time and will be available online at the conference website and Graham's investor relations page. A replay will be accessible for 90 days post-event. Graham is renowned for its fluid, power, heat transfer, and vacuum technologies across various industries.
Graham Corporation (NYSE: GHM) announced $40.3 million in orders for the first quarter of fiscal year 2023. Key highlights include:
- $10.0 million for commercial aftermarket
- $7.3 million in pump orders for the space industry
- $7.0 million for vacuum distillation systems in India
- $5.6 million for U.S. Navy submarine and carrier programs
Graham Corporation (NYSE: GHM) reported a strong first quarter for fiscal 2023, with net sales reaching $36.1 million, a 79% increase year-over-year. This growth reflects the success of its Barber-Nichols acquisition and diversification of its revenue base. Defense and space contributed to 45% of total sales, with a record backlog of $260.7 million. The company posted a net income of $676 thousand or $0.06 per diluted share. The outlook remains positive, projecting revenue between $135-$150 million and adjusted EBITDA of $6.5-$9.5 million for the fiscal year.
Graham Corporation (NYSE: GHM) is set to release its first quarter fiscal year 2023 financial results on Friday, July 29, 2022, prior to market opening. The company will hold a conference call at 10:00 a.m. ET to discuss its financial performance and strategic outlook, followed by a Q&A session. Investors can access the live call or a replay through the company's website. Graham is recognized for its expertise in fluid and heat transfer technologies across various industries, including defense and energy.
Graham Corporation (NYSE: GHM) announced that its CEO Daniel J. Thoren and CFO Christopher J. Thome will participate in investor meetings at the virtual East Coast IDEAS Investor Conference on June 22, 2022. The presentation will be available from 6:00 am ET and can be accessed through the conference website and Graham's investor relations page. The presentation will remain archived for 90 days. Graham specializes in fluid, power, heat transfer, and vacuum technologies, serving the defense, space, energy, and process industries.
Graham Corporation (NYSE: GHM) announced a five-year strategic plan aimed at achieving high single-digit revenue growth and low double-digit to mid-teens adjusted EBITDA margins. The plan involves a two-pronged approach to enhance legacy heat transfer and vacuum technology operations while investing in new fluid and power technologies. The company is focusing on improving processes and talent engagement at its Batavia, NY facility to boost productivity. CEO Daniel J. Thoren emphasized opportunities in defense, hydrogen, and space markets, projecting significant growth potential over the next five years.
Graham Corporation (GHM) reported a strong fiscal 2022 with revenues of $122.8 million, a 26% increase compared to the previous year. The fourth quarter alone saw revenues rise 55% to $39.7 million, driven by a significant contribution from the Barber-Nichols acquisition. However, the company recorded a net loss of $1.4 million in Q4 and $8.8 million for the year. For fiscal 2023, Graham anticipates revenue growth between $135 million and $150 million, with an adjusted EBITDA expected to improve to $6.5 million to $9.5 million. Backlog at year-end stood at $256.5 million, with a focus on defense projects.
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