---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-163033"
form_type: "8-K"
ticker: "GHM"
cik: "0000716314"
company_name: "GRAHAM CORP"
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T05:22:31.924449+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-163033
- form_type: 8-K
- ticker: GHM
- cik: 0000716314
- company_name: GRAHAM CORP
- filed_at: 2023-06-08T23:59:59+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/716314/000119312523163033/0001193125-23-163033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/716314/000119312523163033/d485209d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-163033
- JSON: https://secwatch.observer/filing/0001193125-23-163033.json
- Plain text: https://secwatch.observer/filing/0001193125-23-163033.txt

## Key facts
- Earnings Releases
  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
  source text: ($ 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/716314/000119312523163033/0001193125-23-163033-index.htm
- Earnings Releases
  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
  source text: ($ 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/716314/000119312523163033/0001193125-23-163033-index.htm

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