Welcome to our dedicated page for Graham news (Ticker: GHM), a resource for investors and traders seeking the latest updates and insights on Graham stock.
Graham Corporation (GHM) delivers mission-critical equipment for energy, defense, and process industries worldwide. This news hub provides investors with essential updates on corporate developments, financial performance, and technological innovations.
Track all official announcements through our curated collection of earnings reports, product launches, and strategic partnerships. Discover timely updates on Graham's vacuum systems, heat transfer solutions, and turbomachinery advancements that power critical industrial operations.
Key coverage areas include quarterly financial results, major contract awards in defense and energy sectors, engineering milestones, and leadership updates. Our aggregation ensures you never miss developments impacting GHM's market position in fluid technology and thermal management systems.
Bookmark this page for streamlined access to verified GHM news. Combine regular monitoring with SEC filings and industry analysis for comprehensive investment research into this specialized industrial equipment provider.
Graham Corporation (NYSE: GHM) announces participation in the 12th Annual Midwest IDEAS Investor Conference on August 26, 2021. Key executives, Daniel J. Thoren and Jeffrey F. Glajch, will present virtually, with a webcast available starting at 8:00 AM ET on August 25, 2021. Investors can access the presentation via the conference website and Graham's investor relations page. The presentation will remain accessible for 90 days. Graham Corporation specializes in high-engineered equipment for various industries, emphasizing engineering expertise and quality service.
Graham Corporation (NYSE: GHM) reported Q1 fiscal 2022 net sales of $20.2 million, a 21% increase driven by the acquisition of Barber-Nichols (BN) and higher sales in the refining sector. However, gross profit declined to $0.9 million with a 4.5% margin. The company faced a net loss of $3.1 million and an operating loss of $3.8 million. The backlog reached $235.9 million, with strong demand from defense projects. Fiscal 2022 revenue guidance remains at $130 million to $140 million, with optimism for stronger margins in the future.
Graham Corporation (NYSE: GHM) has appointed Daniel J. Thoren as President and CEO, effective September 1, 2021. Thoren, previously President and COO, succeeds James R. Lines, who is retiring after 37 years with the company. Thoren aims to drive growth in the defense and energy markets, capitalizing on the leadership benefits gained from the recent acquisition of Barber-Nichols. The company has experienced expansion under Lines, particularly in cash generation and market presence, positioning it for future improvements under Thoren's leadership.
Graham Corporation (NYSE: GHM) has declared a quarterly cash dividend of $0.11 per common share. This dividend is scheduled for payment on August 25, 2021, to stockholders of record by August 11, 2021. Graham is recognized for its critical equipment manufacturing for sectors including energy, defense, and chemical/petrochemical industries, with a commitment to quality and engineering excellence through its subsidiary, Barber-Nichols LLC.
Graham Corporation (NYSE: GHM) will release its first quarter fiscal year 2022 financial results on August 10, 2021, before market opening. A conference call will follow at 11:00 a.m. ET, discussing financials, strategy, and outlook. An archived replay will be available from 2:00 p.m. ET that day through August 17, 2021. Interested parties can access the call via phone or through their website.
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.
