secwatch.observer — SEC 8-K summary
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Issuer:     GRAHAM CORP (GHM)
CIK:        0000716314
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001193125-23-270837
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716314/000119312523270837/0001193125-23-270837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716314/000119312523270837/d546778d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-270837

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