Welcome to our dedicated page for Graham Corporation news (Ticker: GHM), a resource for investors and traders seeking the latest updates and insights on Graham Corporation stock.
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) reported its fourth quarter and full fiscal year 2021 results, showing a net sales increase to $25.7 million in Q4, up from $23.1 million. The company completed the acquisition of Barber-Nichols Inc. for $70 million, expected to enhance diversification and contribute an additional $45 million to $48 million in revenue in fiscal 2022. Despite a weak energy market, 25% of revenue came from U.S. Navy orders, reflecting a strong defense sector backlog of $104 million. Fiscal 2022 revenue guidance is $130 million to $140 million.
Graham Corporation (NYSE: GHM) has acquired Barber-Nichols Inc. (BNI) for $70.1 million, funded by 87% cash and 13% stock. BNI, which generated $56 million in revenue, specializes in turbomachinery for defense and aerospace. This strategic acquisition is expected to enhance Graham's financial performance, double its addressable market, and diversify into the defense sector. The deal includes a $20 million term loan and a $30 million revolver. A contingent earn-out arrangement may yield up to $14 million additional cash for BNI's sellers based on post-acquisition performance metrics.
Graham Corporation (NYSE: GHM) announced a quarterly cash dividend of $0.11 per common share, payable on June 23, 2021, to stockholders of record by the close of business on June 9, 2021. With a focus on designing and manufacturing critical equipment for the energy, defense, and petrochemical industries, Graham demonstrates its commitment to shareholder returns through this dividend declaration. The company is recognized for its engineering expertise and wide-reaching global operations across various sectors, including oil refining and nuclear propulsion systems.
Graham Corporation (NYSE: GHM) announced the release of its financial results for the fourth quarter and the full fiscal year 2021 before markets open on June 1, 2021. A conference call will take place on the same day at 11:00 a.m. ET to discuss these results along with the company’s strategy and outlook. Following the presentation, a Q&A session will be held. Investors can access the archived call and slides on the company’s website post-event.
Graham Corporation (NYSE: GHM) announced that President and CEO James R. Lines and CFO Jeffrey F. Glajch will present at the Sidoti Spring 2021 Virtual Conference on March 24, 2021, at 11:30 a.m. ET. The conference will be accessible via a live webcast. Graham is a global provider of equipment for the oil refining, petrochemical, and defense industries, known for its engineering expertise in vacuum and heat transfer technology. The company’s products are utilized in various applications across multiple regions.
Graham Corporation (NYSE: GHM) announced that its President and CEO, James R. Lines, along with CFO Jeffrey F. Glajch, will present at the Gabelli 31st Annual Pump, Valve & Water Virtual Symposium on February 25, 2021, at 3:30 p.m. ET. The presentation will be available via a live webcast on Graham's website, where they routinely share news and updates. Graham specializes in designing and manufacturing essential equipment for the energy, defense, and chemical industries, with a global operational footprint.
Graham Corporation (NYSE: GHM) reported third-quarter fiscal 2021 results, showing net sales of $27.2 million, a 7% year-over-year increase. Growth was driven by strong refining sales in Asia, despite a $0.9 million impact from COVID-19-related absences. The gross profit rose to $6.2 million, with an improved gross margin of 22.9%. Notably, defense orders constituted 80% of new orders, highlighting a strategic focus on the defense market. The company maintains a robust backlog of $149.7 million. Fiscal 2021 revenue guidance remains between $93 million and $97 million.
Graham Corporation (NYSE: GHM) declared a quarterly cash dividend of $0.11 per share, payable on February 24, 2021, to shareholders of record by February 10, 2021. The company specializes in designing and manufacturing critical equipment for various sectors, including oil refining and defense. Graham's equipment is essential for energy, chemical, and petrochemical industries, showcasing their engineering expertise across global markets.
Graham Corporation (NYSE: GHM) will release its third quarter fiscal year 2021 financial results on January 28, 2021, before market opening. The company will host a conference call at 11:00 a.m. ET the same day to discuss results, strategy, and future outlook, followed by a Q&A session. A telephonic replay will be available through February 4, 2021. Graham specializes in manufacturing critical equipment for the energy, defense, and chemical industries, with a focus on oil refining and nuclear propulsion systems for the U.S. Navy.
Graham Corporation (NYSE: GHM) announced participation at the 13th annual LD Micro Main Event investor conference on December 15, 2020, featuring presentations by Vice President & CFO Jeffrey F. Glajch and Director of Business Development Chris Johnston. The conference aims to provide insights into the company's performance and strategies in sectors including oil refining and defense. Graham specializes in designing and manufacturing critical equipment for energy and petrochemical industries, leveraging recognized engineering expertise.
FAQ
What is the current stock price of Graham Corporation (GHM)?
What is the market cap of Graham Corporation (GHM)?
What industries does Graham Corporation serve?
What products does Graham Corporation manufacture?
What is Graham Corporation's role in the defense sector?
How does Graham Corporation contribute to the chemical industry?
Where does Graham Corporation generate its revenue?
What sets Graham Corporation apart from its competitors?
What recent achievements has Graham Corporation accomplished?
How does Graham Corporation ensure customer satisfaction?
What is the significance of Graham Corporation's products?
How does Graham Corporation maintain its market leadership?
