graham corporation

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, today announced that Christopher J. Thome, Vice President – Finance and Chief Financial Officer, and Matt Malone, Vice President of Graham Corporation and General Manager of Barber-Nichols, will present and host investor meetings at the Noble Capital Markets Emerging Growth Equity Conference at the Florida Atlantic University in Boca Raton on Wednesday, December 4.

The Company presentation is scheduled to begin at 10:30 a.m. Eastern Time.  A high-definition video webcast of the presentation will be available the following day at GHM Investor Relations, and as part of a complete catalog of presentations available at Noble Capital Markets’ Conference website and on Channelchek the investor portal created by Noble. The webcast will be archived on the company's website, the NobleCon website, and on Channelchek.com for 90 days following the event.

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, today announced that Daniel J. Thoren, President and Chief Executive Officer and Christopher J. Thome, Vice President – Finance and Chief Financial Officer, will present and host investor meetings at the Southwest IDEAS Conference at The Statler in Dallas on Thursday, November 21.

The Company presentation is scheduled to begin at 2:45 p.m. Central Time.  A live audio webcast of the event with accompanying slides will be available at GHM Investor Relations.  An archive of the presentation will be available at the same link following the conference.

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or the “Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries, today reported financial results for its second quarter for the fiscal year ending March 31, 2025 (“fiscal 2025”).  Results for the quarter include the P3 Technologies, LLC (“P3”) acquisition, which closed on November 9, 2023.

• Revenue increased 19% to $53.6 million, driven by strength across its markets 
• Margin expansion fueled by sales growth and execution: Gross margin improved 790 basis points to 23.9% of sales, net margin increased 520 basis points to 6.1% of sales, and adjusted EBITDA¹ margin expanded 550 basis points to 10.5% of sales
• Net income per diluted share was $0.30 in the second quarter; adjusted net income per diluted share¹ was $0.31
• Strong orders of $63.7 million, driven by demand from defense, space, and refining, resulted in a book-to-bill ratio of 1.2x and a record backlog of $407 million²
• Strong balance sheet with no debt, $32.3 million in cash, and access to $43 million under its revolving credit facility at quarter end to support growth initiatives
• Raised full year guidance for gross margin and adjusted EBITDA¹ to reflect improved profitability

“Our team’s efforts to diversify and strengthen the business over the past few years are clearly yielding results, as shown by our record second-quarter performance,” commented Daniel J. Thoren, President and Chief Executive Officer.  “Strong sales growth in our markets, along with exceptional execution throughout the business, have driven meaningful margin expansion.  Our strategic emphasis on higher-margin opportunities and operational efficiencies has been a key driver of this success.”

Mr. Thoren added, “We are also focused on recruiting and retaining top talent, and have initiatives to enhance our supply chain, which helps us to improve performance and manage our risk.  These initiatives, along with our strengthened balance sheet, robust orders², and growing backlog², we believe positions us well to sustain growth and profitability for the next several years.  Importantly, we have raised our full-year adjusted EBITDA guidance, keeping us firmly on track to achieve our FY2027 target of low to mid-teen adjusted EBITDA margins.”

Press Release:

Graham Corporation (NYSE: GHM) (“Graham” or “the Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, announced today its plans to construct a state-of-the-art cryogenic propellant testing facility in Florida, near its P3 Technologies, LLC subsidiary.  

Leveraging Graham’s longstanding expertise in the cryogenic and space launch industries, this new facility will help to meet increasing demand for efficient, scalable testing solutions in key markets, including Space, Defense, New Energy, and potential applications in the medical field.

“We believe this new testing facility will strengthen our position as a trusted partner by directly addressing customer needs for timely and cost-effective cryogenic propellant testing, complementing our existing capabilities and advancing the support we can offer current programs,” said Dan Thoren, Graham Corporation President and Chief Executive Officer.  “This investment underscores our commitment to supporting both current and future customer programs through innovative and accessible testing solutions, while enhancing Graham’s role across the Space, Defense, and New Energy sectors.”

Press Release:

Graham Corporation (NYSE: GHM) (“Graham” or “the Company”), a global leader in the design and manufacture of mission-critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries, announced today the successful launch of its NextGen steam ejector nozzle with a customer installation in a Gulf Coast refinery.  This marks a significant achievement for the Company's new technology, which was designed to offer efficiency improvements, environmental benefits, and enhanced profitability for customers.

Dan Thoren, Graham Corporation President and Chief Executive Officer, commented, “We are very proud to see our NextGen nozzle technology deliver such tangible results. The successful demonstration of our R&D investments through this installation proves the value of innovation in improving efficiency and sustainability. A key benefit of reducing steam consumption is the corresponding reduction in CO2 emissions, which can have a meaningful impact on a plant’s emissions profile and carbon credit position. By optimizing vacuum systems with this new technology, we help our customers improve both their operational efficiency and profitability, while also enhancing their environmental impact.”

Press Release: 

Graham Corporation (NYSE: GHM), a global leader in the design and manufacture of mission-critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries, announced that it will release its second quarter fiscal year 2025 financial results before financial markets open on Friday, November 8.

The Company will host a conference call and webcast to review its financial and operating results, strategy, and outlook. A question-and-answer session will follow.

Second Quarter Fiscal Year 2025 Financial Results Conference Call

• Friday, November 8
• 11 a.m. Eastern Time
• Phone: (201) 689-8560
• Internet webcast link and accompanying slide presentation: ir.grahamcorp.com

A telephonic replay will be available from 3 p.m. ET on the day of the teleconference through Friday, November 15. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13749103 or access the webcast replay via the Company’s website at ir.grahamcorp.com, where a transcript will also be posted once available.

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission-critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, today announced its participation in Noble Capital Markets’ C-Suite Interview Series, presented by Channelchek.

In this exclusive interview, Graham Corporation's Chief Executive Officer, Daniel J. Thoren, andChief Financial Officer, Christopher J. Thome, sit down with Noble Capital Markets Research Analyst Joe Gomes to provide insights into the Company’s ongoing strategic transformation and growth outlook.

The interview, recorded on September 20 is now available at Channelchek and at GHM Investor Relations.

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission-critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, announced that Daniel J. Thoren, President, Chief Executive Officer, Christopher J. Thome, Vice President – Finance and Chief Financial Officer, and Matt Malone, Vice President of Graham Corporation and General Manager of Barber-Nichols, will present and be available, in person, for investor meetings at the Gabelli Annual Aerospace & Defense Symposium in New York, NY on Thursday, September 5.

The Company presentation is scheduled to begin at 1:15 p.m. Eastern Time.  A live audio webcast of the event with accompanying slides will be available at GHM Investor Relations.  An archive of the presentation will be available at the same link following the conference.

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, today announced that Daniel J. Thoren, President and Chief Executive Officer and Christopher J. Thome, Vice President – Finance and Chief Financial Officer, will present and host investor meetings at the Midwest IDEAS Conference at The Gwen in Chicago on Thursday, August 29.

The Company presentation is scheduled to begin at 10:45 a.m. Central Time.  A live audio webcast of the event with accompanying slides will be available at GHM Investor Relations.  An archive of the presentation will be available at the same link following the conference.

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or the “Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries, today reported financial results for its first quarter for the fiscal year ended June 30, 2024 (“fiscal 2025”). Results for the quarter include the P3 Technologies, LLC (“P3”) acquisition, which closed on November 9, 2023.

“We are delivering consistent improvement, solid growth and strengthening profitability,” commented Daniel J. Thoren, President and Chief Executive Officer.  “We believe our solid results reflect the commitment and discipline of the GHM team, the confidence our customers have bestowed on us and the effectiveness of our strategy to build better companies.  In addition to the visibility our nearly $400 million in backlog provides, it is worth noting that the growth of our defense business has also reduced our economic sensitivity as we receive a steady flow of program renewals and new opportunities with the U.S. Navy.  In fact, we will be breaking ground this month on a new 29,000 square foot facility in Batavia, NY to provide production efficiencies, and increased capabilities and capacity to support our defense customer’s needs.”

He concluded, “These are exciting times at Graham Corp.  We are steadily advancing our plan, delivering on our targets and are strategically positioning for continued growth.”  

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer, and vacuum technologies for the defense, space, energy, and process industries, today announced that it was awarded three contracts with a combined value of over $65 million. 

Matthew Malone, Vice President, Graham Corporation and General Manager - Barber-Nichols, commented, “We believe the investments we have made in our engineering and operations to expand our capacity and increase our capabilities to serve the defense and space industries led to our being awarded these contracts.  We differentiated our solutions through our strong customer relationships, engineering expertise, precision manufacturing capabilities and rigorous testing and qualification processes. Our solutions are vital components that meet the high-level performance requirements for mission critical applications. We appreciate our customers’ confidence to select us for these high-value projects.”

Press Release:

Graham Corporation (NYSE: GHM), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, announced that it will release its first quarter fiscal year 2025 financial results before financial markets open on Wednesday, August 7.

The Company will host a conference call and webcast to review its financial and operating results, strategy, and outlook. A question-and-answer session will follow.

First Quarter Fiscal Year 2025 Financial Results Conference Call Wednesday, August 7 at 11 a.m. Eastern Time at 201-689-8560. Internet webcast link and accompanying slide presentation ir.grahamcorp.com.

A telephonic replay will be available from 3 p.m. ET on the day of the teleconference through Wednesday, August 14. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13746993 or access the webcast replay via the Company’s website at ir.grahamcorp.com, where a transcript will also be posted once available.

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries, today announced it will be added to the Russell 2000® and Russell 3000® Indexes, effective after the close of financial markets on June 28, 2024.

“The inclusion in the Russell Indexes marks another milestone for GHM, recognizing the meaningful progress we have made in executing our strategy to drive revenue growth and enhance profitability,” commented Dan Thoren, President and Chief Executive Officer.  “We believe that being part of the Russell indexes will increase our visibility within the investment community, improve our liquidity, and attract a broader range of investors.”

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or the “Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries, today reported financial results for its fourth quarter and fiscal year ended March 31 (“fiscal 2024”).  Results for the fiscal year include approximately five months of operations from the P3 Technologies, LLC (“P3”) acquisition, which was completed on November 9, 2023.

“Steady execution on our plan set two years ago has brought significant progress,” commented Daniel J. Thoren, President and Chief Executive Officer.  “Over the past year, we achieved record revenue and orders, and enhanced profitability and cash flow management.  This enabled continued investments in our operations and people, the acquisition of P3 Technologies, as well as the complete repayment of our debt.  However, our successes extend beyond these financial achievements.

“During fiscal 2024, we completed and shipped the remaining two first article units for the Columbia Class submarine and Ford Class carrier programs.  The Navy expansion at Barber-Nichols has been successful, resulting in a significant follow-on order to support the MK48 Mod 7 Heavyweight Torpedo program. Additionally, we received a $13.5 million strategic investment from a major defense customer to expand and enhance our Batavia, N.Y. production capabilities.  Furthermore, we acquired P3 Technologies and successfully integrated it with our Barber-Nichols team.

“Looking ahead, our nearly $400 million of backlog and the increasing demand from the Navy for accelerated work and expanded scope make this an exciting time for GHM.  We will continue to strive to engage all partners in improving our business and are confident in our future growth prospects.  Our fiscal 2025 guidance reflects continued growth and enhancements in margin and profitability and keeps us on track to hit our fiscal 2027 targets.”

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission-critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, announced that Daniel J. Thoren, President and Chief Executive Officer and Christopher J. Thome, Vice President – Finance and Chief Financial Officer, will present at the Sidoti Small-Cap Virtual Conference on Thursday, June 13.

The Graham presentation is scheduled to begin at 10 a.m. Eastern Time. A live audio webcast of the event with accompanying slides will be available at GHM Investor Relations.  An archive of the presentation will be available at the same link following the conference.

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer, and vacuum technologies for the defense, space, energy, and process industries, today announced that it has received approximately $17 million of orders for two expansion projects in the energy and petrochemical markets.

Daniel J. Thoren, President and CEO, commented, “We are excited to work with our North American customer as they aim to create the world's first net-zero carbon emissions integrated ethylene cracker and derivatives site. Graham’s surface condensers with custom venting package allow the turbine drives to operate at peak efficiency and are considered state of the art in our industry.  Additionally, we received a notable order to support an expansion project in the Middle East, which we attribute to our strong relationship and our customer’s preference for our high-performance steam jet ejectors.”