Graham Corporation’s Gross Margin Expands 660 Basis Points on Sales of $43.8 Million in Third Quarter of Fiscal 2024
Graham Corporation (GHM)
NASDAQ:AMEX Investor Relations:
graham-mfg.com/investor-relations-contacts
Company Research
Source: Business Wire
Third Quarter Sales Grew 10% to $43.8 Million Driven by Defense Projects and Aftermarket Sales in Support of Refining and Petrochemical MarketsGross Margin Expanded 660 Basis Points to 22.2% on Favorable Mix, Better Pricing and Improved ExecutionAchieved Net Income of $0.2 Million; Adjusted Net Income1 and Adjusted EBITDA1 Improved to $2.4 Million and $3.9 Million, RespectivelyReceived a Record $123.3 Million in Orders, Primarily Related to Follow-on Orders for U.S. Navy Programs, Which Drove Backlog to Increase to $399.2 Million, of Which 84% Was DefenseGenerated $7.6 Million of Cash From Operations and Reduced Debt Balance $7.9 Million During the Third QuarterExpanded Turbomachinery Capabilities and Technology Solutions With P3 Technologies AcquisitionIncreased Full Year Revenue and Adjusted EBITDA1 Guidance to Reflect Acquisition, Strong Core Growth, and Profitability Initiatives BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM) (“GHM” or the “Company”), a global le
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GHM
News
- Graham Co. (NYSE: GHM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Graham Co. (NYSE: GHM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Graham Co. (NYSE: GHM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Are Investors Undervaluing Graham Corporation (NYSE:GHM) By 49%? [Yahoo! Finance]Yahoo! Finance
- Graham Corporation to Present at the Gabelli Pump, Valve & Water Systems Symposium [Yahoo! Finance]Yahoo! Finance
GHM
Earnings
- 2/5/24 - Beat
GHM
Sec Filings
- 4/1/24 - Form 8-K
- 2/13/24 - Form SC
- 2/5/24 - Form 10-Q
- GHM's page on the SEC website