secwatch.observer — SEC 8-K summary
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Issuer:     GRAHAM CORP (GHM)
CIK:        0000716314
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001193125-24-156656
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Graham reports record FY2024 revenue of $185.5M (+18%); guides FY2025 revenue $200-210M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716314/000119312524156656/0001193125-24-156656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716314/000119312524156656/d834053d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-156656

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