earnings
confidence high
sentiment positive
materiality 0.80
Graham Corp Q1 net sales record $71.3M (+29% YoY); backlog $557.2M; reaffirms FY27 guidance
GRAHAM CORP
- Net sales $71.3M, up 29% YoY; net income $3.9M ($0.33 diluted EPS); adjusted EPS $0.49.
- Adjusted EBITDA $8.8M (+28% YoY); margin 12.3%; orders $95.9M, book-to-bill 1.3x.
- Record backlog $557.2M, 84% defense; $50M investment from T. Rowe Price; no debt outstanding.
- Defense sales +40% to $41.4M; Space sales +86% to $6.3M; FlackTek contributed $6.6M revenue.
- FY27 guidance reaffirmed: net sales $285-295M, gross margin 24.5-25.5%, adjusted EBITDA $35-40M.