Graham Corp Q3 sales up 10% to $43.8M; gross margin +660bps to 22.2%; record orders $123.3M

GRAHAM CORP

2024-Q3 EPS reported $0.30 revenue$136,463,000

Net income $0.2M ($0.02 diluted EPS); adjusted net income $2.4M ($0.22 diluted EPS).
Record orders of $123.3M, primarily U.S. Navy follow-ons; backlog reached $399.2M (84% defense).
Raised FY2024 guidance: net sales $175-185M, adjusted EBITDA $15-16M from previous $11.5-13.5M.
Acquired P3 Technologies on Nov 9, 2023; debt reduced to $3.0M, fully paid post-quarter.
Cash from operations $19.5M YTD; new $50M revolving credit facility with lower costs.

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 third quarter ended December 31, 2023 results: revenue $43.8 million, net income $0.2 million, EPS $0.02 per diluted share. Guidance raised.

Period: third quarter ended December 31, 2023
Revenue: $43.8 million
Net income: $0.2 million
EPS: $0.02 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

News Release Graham Corporation ̈ 20 Florence Avenue ̈ Batavia, NY 14020 IMMEDIATE RELEASE G RAHAM C ORPORATION ’ S G ROSS M ARGIN E XPANDS 660 B ASIS P OINTS ON S ALES OF $43.8 MILLION IN T HIRD Q UARTER OF F ISCAL 2024 • T HIRD QUARTER SALES GREW 10% TO $43.8 MILLION DRIVEN BY DEFENSE PROJECTS AND AFTERMARKET SALES IN SUPPORT OF REFINING AND PETROCHEMICAL

View on SEC.gov

Browse all earnings releases →

GRAHAM CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-023415

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.