Graham Corp fiscal 2023 sales $157.1M (+28%), net income $367K; FY2024 revenue guidance $165-175M

GRAHAM CORP

Record annual sales $157.1M, up 28% YoY; net income $367K vs prior year loss of $8.8M.
Adjusted EBITDA $7.7M within guidance despite $2.5M reserve for space customer bankruptcy.
Record fiscal year orders $202.7M (book-to-bill 1.3x); backlog $301.7M at year-end.
Fiscal 2024 guidance: revenue $165-175M, adjusted EBITDA $10.5-12.5M (mid-point up ~49% YoY).
Raised fiscal 2027 strategic goals: >$200M revenue and low-to-mid teens adjusted EBITDA margins.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GRAHAM CORP reported Full year ended March 31, 2023 results: revenue $ 157.1, net income $ 0.4, EPS $ 0.03.

Period: Full year ended March 31, 2023
Revenue: $ 157.1
Net income: $ 0.4
EPS: $ 0.03
Result: reported results

Exact text from the filing

($ in millions except per share data) FY23 FY22 Change Net sales $ 157.1 $ 122.8 $ 34.3 Gross profit $ 25.4 $ 9.1 $ 16.3 Gross margin 16.2% 7.4% Operating income (loss) $ 1.3 $ (11.3 ) $ 12.6 Operating margin 0.8% (9.2% ) Net income (loss) $ 0.4 $ (8.8 ) $ 9.2 Diluted net income (loss) per share $ 0.03 $ (0.83 ) $ 0.86

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GRAHAM CORP reported Fourth quarter ended March 31, 2023 results: revenue $ 43.0, net income $ (0.5 ), EPS $ (0.05 ).

Period: Fourth quarter ended March 31, 2023
Revenue: $ 43.0
Net income: $ (0.5 )
EPS: $ (0.05 )
Result: reported results

Exact text from the filing

($ in millions except per share data) Q4 FY23 Q4 FY22 $ Change Net sales $ 43.0 $ 39.7 $ 3.3 Gross profit $ 7.2 $ 4.2 $ 3.0 Gross margin 16.6% 10.6% Operating loss $ (0.4 ) $ (2.1 ) $ 1.7 Operating margin (0.8% ) (5.2% ) Net loss $ (0.5 ) $ (1.4 ) $ 0.9 Diluted net loss per share $ (0.05 ) $ (0.13 ) $ 0.08

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Source: SEC EDGAR

accession 0001193125-23-163033

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