secwatch.observer — SEC 8-K summary
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Issuer:     GRAHAM CORP (GHM)
CIK:        0000716314
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001193125-23-204523
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Graham Q1 revenue $47.6M (record), EPS $0.25; raises FY2024 guidance
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- Net sales $47.6M (record), up 32% YoY; net income $2.6M, diluted EPS $0.25 vs $0.06 prior year.
- Gross margin 23.1%, up 440 bps; defense market sales up 133% to $22.8M.
- Orders $67.9M (+69% YoY), backlog $322M (+24% YoY); includes $13.5M strategic investment from defense customer.
- Raised FY2024 guidance: revenue $170-$180M (prev $165-$175M), adj. EBITDA $11.5-$13.5M (prev $10.5-$12.5M).
- CapEx guidance raised to $12-$13.5M (prev $5.5-$7M) for Batavia expansion funded by customer investment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716314/000119312523204523/0001193125-23-204523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716314/000119312523204523/d431321d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-204523

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer