earnings
confidence high
sentiment positive
materiality 0.80
Graham reports record FY2024 revenue of $185.5M (+18%); guides FY2025 revenue $200-210M
GRAHAM CORP
- Q4 revenue $49.1M (+14% YoY); gross margin 25.9% (up 930 bps); net income $1.3M vs. loss of $0.5M.
- Full-year net income $4.6M ($0.42 EPS) vs. $0.4M ($0.03 EPS); adjusted EBITDA $13.3M (7.2% of sales).
- Record orders $268.4M (book-to-bill 1.4x); backlog $390.9M, up 30% YoY; 35-40% expected to convert in FY2025.
- Eliminated $12.5M debt; received $13.5M strategic investment from a major defense customer for Batavia expansion.
- FY2025 guidance: revenue $200-210M, gross margin 22-23%, adjusted EBITDA $16.5-19.5M, capex $10-15M.