---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-024874"
form_type: "8-K"
ticker: "GHM"
cik: "0000716314"
company_name: "GRAHAM CORP"
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-20T00:36:11.896925+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Graham Corp Q3 revenue $39.9M (+39% YoY); raises FY23 revenue guidance to $145-155M

## Summary
- Net income $368K ($0.03 diluted EPS) vs prior-year loss of $3.7M; adjusted EBITDA $2.2M.
- Defense revenue up $5.1M YoY; shipped 4th first article unit to US Navy, on schedule for remaining by Q2 FY2024.
- Raised FY2023 revenue guidance to $145-155M (from $135-150M); tightened adjusted EBITDA guidance to $7.5-8.5M.
- Quarterly orders $20M (down 71% YoY) due to large contract timing; backlog $293.7M (+8% YoY), 80% defense.
- Reduced debt by $5M to $14.2M; bank leverage ratio down to 2.5x; operating cash flow $9.3M.

## SEC filing metadata
- accession: 0001193125-23-024874
- form_type: 8-K
- ticker: GHM
- cik: 0000716314
- company_name: GRAHAM CORP
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/716314/000119312523024874/0001193125-23-024874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/716314/000119312523024874/d459959d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-024874
- JSON: https://secwatch.observer/filing/0001193125-23-024874.json
- Plain text: https://secwatch.observer/filing/0001193125-23-024874.txt

## Key facts
- Earnings Releases
  GRAHAM CORP reported third quarter ended December 31, 2022 results: revenue $39.9 million, net income $368 thousand, EPS $0.03 on a per diluted share basis. Guidance raised.
  - Period: third quarter ended December 31, 2022
  - Revenue: $39.9 million
  - Net income: $368 thousand
  - EPS: $0.03 on a per diluted share basis
  - Guidance: raised
  - Result: reported results
  source text: --- EX-99.1 Exhibit 99.1 News Release Graham Corporation ◆ 20 Florence Avenue ◆ Batavia, NY 14020 IMMEDIATE RELEASE G RAHAM C ORPORATION E XECUTING TO P LAN AND D ELIVERS $39.9 MILLION IN R EVENUE FOR T HIRD Q UARTER F ISCAL 2023 • T HIRD QUARTER SALES INCREASED 39%, OR $11.1 MILLION , TO $39.9 MILLION OVER PRIOR - YEAR PERIOD REFLECTING SOLID EXECUTION ON
  evidence_url: https://www.sec.gov/Archives/edgar/data/716314/000119312523024874/0001193125-23-024874-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.