secwatch.observer — SEC 8-K summary
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Issuer:     GRAHAM CORP (GHM)
CIK:        0000716314
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001193125-24-023415
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716314/000119312524023415/0001193125-24-023415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716314/000119312524023415/d759185d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-023415

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