secwatch.observer — SEC 8-K summary
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Issuer:     GRAHAM CORP (GHM)
CIK:        0000716314
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001193125-23-024874
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716314/000119312523024874/0001193125-23-024874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716314/000119312523024874/d459959d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-024874

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