---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-270837"
form_type: "8-K"
ticker: "GHM"
cik: "0000716314"
company_name: "GRAHAM CORP"
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:37:02.149580+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Graham Corp Q2 sales $45.1M (+18% YoY); net income $0.4M vs loss; adj. EBITDA $2.7M

## Summary
- Defense market sales up 69% to $25.1M; aftermarket sales to refining/petrochemical record $10.8M (+74%).
- Gross margin expanded 220 bps to 16.0%; net income $0.04/diluted share vs ($0.02).
- Backlog $313.3M, 80% defense; FY2024 guidance reiterated: revenue $170-180M, adj. EBITDA $11.5-13.5M.
- Post-quarter closed new $50M revolver; paid off $11.5M term loan, leaving zero debt outstanding.

## SEC filing metadata
- accession: 0001193125-23-270837
- form_type: 8-K
- ticker: GHM
- cik: 0000716314
- company_name: GRAHAM CORP
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/716314/000119312523270837/0001193125-23-270837-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/716314/000119312523270837/d546778d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-270837
- JSON: https://secwatch.observer/filing/0001193125-23-270837.json
- Plain text: https://secwatch.observer/filing/0001193125-23-270837.txt

## Key facts
- Earnings Releases
  GRAHAM CORP reported second quarter ended September 30, 2023 results: revenue $45.1 million, net income $0.4 million, EPS $0.04 per diluted share.
  - Period: second quarter ended September 30, 2023
  - Revenue: $45.1 million
  - Net income: $0.4 million
  - EPS: $0.04 per diluted share
  - Result: reported results
  source text: per diluted share, as well as the reconciliation of net income to adjusted EBITDA, adjusted net income (loss), and adjusted net income (loss) per diluted share. Net sales of $45.1 million increased 18.2%, or $7.0 million. Sales to the defense market increased $10.3 million, or 69%, reflecting more direct labor, better execution, the timing of material receipts,
  evidence_url: https://www.sec.gov/Archives/edgar/data/716314/000119312523270837/0001193125-23-270837-index.htm

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