Graham Corporation, together with its subsidiaries, designs, manufactures, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, power generation/alternative energy, and other industries. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps; and turbomachinery products for the aerospace, cryogenic, defense, and energy markets. The company also services and sells spare parts for its equipment. It sells its products directly, as well as through independent sales representatives in the United States, the Middle East, Canada, Asia, South America, and internationally. Graham Corporation was founded in 1936 and is headquartered in Batavia, New York.
IPO Year: 1978
Exchange: NYSE
Website: graham-mfg.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/24/2024 | $35.00 | Outperform | Noble Capital Markets |
| 2/8/2022 | $17.00 → $15.00 | Buy | Maxim Group |
| 2/8/2022 | Buy → Neutral | Colliers Securities |
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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 increa
Graham Corporation (NYSE:GHM), a global business that designs, manufactures and sells critical equipment for the defense/space, energy/new energy and chemical/petrochemical industries, today announced that Jeffrey F. Glajch, Chief Financial Officer, who has served as CFO for 13 years, plans to retire in the second calendar quarter of 2022 following the appointment of his successor. The Company has initiated a comprehensive external search to identify a successor for this role. Daniel J. Thoren, President and CEO, commented, "I have had the pleasure of working with Jeff the last six months at Graham and also for almost three years during the process of the Barber-Nichols ("BN") acquisition.
After 37 years of service, James R. Lines announces plans to retire Graham Corporation (NYSE:GHM), a global business that designs, manufactures and sells critical equipment for the defense, energy and chemical/petrochemical industries, today announced that its Board of Directors has appointed Daniel J. Thoren as its President and Chief Executive Officer, effective September 1, 2021. Mr. Thoren will also join the Board of Directors upon assuming the new role. Mr. Thoren currently serves as Graham's President and Chief Operating Officer. He will succeed James R. Lines, who plans to retire from the Company and step down from the Board of Directors. James J. Malvaso, Graham's Board Chairman,
Noble Capital Markets initiated coverage of Graham with a rating of Outperform and set a new price target of $35.00
Maxim Group reiterated coverage of Graham with a rating of Buy and set a new price target of $15.00 from $17.00 previously
Colliers Securities downgraded Graham from Buy to Neutral
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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, 2024. 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, 2024 11:00 a.m. Eastern Time Phone: (201) 689-8560 Internet webcast link and accompanying slid
Strong financial results further validates solid execution of strategic initiatives to grow and drive stronger earnings power Revenue up 5% to a record $50.0 million reflecting strength in defense and refining; gross margin expanded 170 basis points to 24.8% Net income increased 12% to $3.0 million for net margin of 5.9%, adjusted net income1 was up 20% to $3.6 million and adjusted EBITDA1 was $5.1 million, or 10.3% of sales Orders of $55.8 million driven by defense market and international demand, resulted in a book-to-bill ratio of 1.1x and nearly $400 million in backlog2 Strong balance sheet with no debt and $21.6 million of cash at June 30, 2024, provides financial flexibil
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, 2024. 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, 2024 11:00 a.m. Eastern Time Phone: (201) 689-8560 Internet webcast link and accompanying slid
Fourth Quarter 2024 Results Demonstrated Ongoing Progress in Driving Growth and Expanding Margins Revenue Grew 14% to $49.1 Million Driven by Strength in Defense and Aftermarket Gross Margin Expanded 930 Basis Points to 25.9% and Achieved Operating Margin of 3.1% Compared With an Operating Loss in the Prior-Year Period Strengthened Margins Drove Measurably Improved Earnings: Net Income Was $1.3 Million; Adjusted Net Income1 was $1.6 Million and Adjusted EBITDA1 was $3.0 Million or 6.0% of Sales Fiscal 2024 Results Validate the Effectiveness of Graham's Strategic Growth and Profitability Initiatives, Furthering Its Progress Toward Long-Term Goals Sales Growth of 18% Was Larg
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 fourth quarter and fiscal year 2024 financial results before financial markets open on Friday, June 7, 2024. 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. Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call Friday, June 7, 2024 11:00 a.m. Eastern Time Phone: (201) 689-8560 Internet webcast link and accompanying slid
Third Quarter Sales Grew 10% to $43.8 Million Driven by Defense Projects and Aftermarket Sales in Support of Refining and Petrochemical Markets Gross Margin Expanded 660 Basis Points to 22.2% on Favorable Mix, Better Pricing and Improved Execution Achieved Net Income of $0.2 Million; Adjusted Net Income1 and Adjusted EBITDA1 Improved to $2.4 Million and $3.9 Million, Respectively Received a Record $123.3 Million in Orders, Primarily Related to Follow-on Orders for U.S. Navy Programs, Which Drove Backlog to Increase to $399.2 Million, of Which 84% Was Defense Generated $7.6 Million of Cash From Operations and Reduced Debt Balance $7.9 Million During the Third Quarter Expanded
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 third quarter fiscal year 2024 financial results before financial markets open on Monday, February 5, 2024. 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. Third Quarter Fiscal Year 2024 Financial Results Conference Call Monday, February 5, 2024 11:00 a.m. Eastern Time Phone: (201) 689-8560 Internet webcast link and accompanying
Acquisition strategically augments Graham's custom turbomachinery solutions, engineering and development team and advanced manufacturing capabilities Patented technologies create opportunities for product and technology integration to provide more effective solutions in multiple markets Deepens reach into existing space and new energy markets and creates greater diversification with addition of the medical market Similar culture of excellence and processes to support full product lifecycle Expected to be immediately accretive to earnings Graham Corporation (NYSE:GHM) ("Graham" or the "Company"), a global leader in the design and manufacture of mission critical fluid, power,
18% growth in second quarter sales driven by 69% increase in defense market revenue Gross profit of $7.2 million increased $1.9 million from the prior year quarter, or 36%, on better mix of higher margin projects, better pricing, and improving execution Achieved net income of $0.4 million; adjusted net income1 improved to $1.4 million Aftermarket sales to the refining and petrochemical markets were a record $10.8 million, up 74%. Solid backlog of $313.3 million including 80% defense business Shipped final first article units for Columbia submarine and Ford Class carrier programs Refinanced lending facilities following close of quarter, improving flexibility and reducing c
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 2024 financial results before financial markets open on Monday, November 6, 2023. 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 2024 Financial Results Conference Call Monday, November 6, 2023 11:00 a.m. Eastern Time Phone: (201) 689-8560 Internet webcast link and accompanying slide presentation: ir.graha
Noble Capital Markets analyst Joe Gomes initiates coverage on Graham (NYSE:GHM) with a Outperform rating and announces Price Target of $35.
Gainers Fusion Fuel Green (NASDAQ:HTOO) shares moved upwards by 12.4% to $1.27 during Friday's pre-market session. The company's market cap stands at $24.7 million. The company's, Q1 earnings came out 2 days ago. Pineapple Energy (NASDAQ:PEGY) stock moved upwards by 12.12% to $0.18. The market value of their outstanding shares is at $19.4 million. SunPower (NASDAQ:SPWR) shares rose 11.84% to $3.87. The company's market cap stands at $679.0 million. Graham (NYSE:GHM) shares increased by 8.51% to $28.28. The company's market cap stands at $306.2 million. As per the news, the Q4 earnings report came out today. Armlogi Holding (NASDAQ:BTOC) shares increased by 6.12% to $5.2. The company's m
Fiscal 2025 Outlook (as of June 7, 2024) Fiscal 2025 Guidance Net Sales: $200 million to $210 million Gross Margin: 22% to 23% of sales SG&A expense(1) 16.5% to 17.5% of sales Adjusted EBITDA(2) $16.5 million to $19.5 million Effective Tax Rate 20% to 22% Capital Expenditures $10.0 million to $15.0 million
Graham (NYSE:GHM) reported quarterly earnings of $0.15 per share which beat the analyst consensus estimate of $0.04 by 275 percent. The company reported quarterly sales of $49.070 million which beat the analyst consensus estimate of $44.500 million by 10.27 percent. This is a 14.04 percent increase over sales of $43.027 million the same period last year.
With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects J.Jill, Inc. (NYSE:JILL) to report quarterly earnings at 99 cents per share on revenue of $154.92 million before the opening bell, according to data from Benzinga Pro. J.Jill shares rose 0.8% to $35.50 in after-hours trading. Vail Resorts, Inc. (NYSE:MTN) reported weaker-than-expected results for its third quarter on Thursday. The company posted quarterly earnings of $9.54 per share, missing market estimates of $10.03 per share. The company's sales came in at $1.28 billion versus expectations of $1.30 billion. Vail Resorts shares fell
The CNN Money Fear and Greed index remained in the “Neutral” zone on Thursday. U.S. stocks settled mixed on Thursday, with the Dow Jones index recording gains during the session. On the economic data front, U.S. initial jobless claims rose by 8,000 to 229,000 in the week ending June 1, compared to market estimates of 220,000. The trade deficit in the U.S. increased to $74.6 billion in April versus a revised $68.6 billion gap in March. Investors are awaiting the release of nonfarm payrolls report for May, due to be released on Friday. Economists are expecting a jobs gain of 190,000 for May. Lululemon Athletica Inc. (NASDAQ:LULU) shares gained around 5% on Thursday reported upbeat
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.
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 today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). If and when the shelf registration is declared effective, it will permit the Company to offer and sell, from time to time in one or more offerings, up to $150 million of common stock, preferred stock, warrants, purchase contracts, units, or any combination of these securities.
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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, 2024. 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, 2024 11:00 a.m. Eastern Time Phone: (201) 689-8560 Internet webcast link and accompanying slid
New technology reduces steam consumption, increases system capacity, and lowers carbon footprint 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. The NextGen steam ejector nozzles are engineered t
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, and Chief 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 discussion covers a range of topics essential to unde
RYE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds 8:00Moog Inc. (
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, 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, 2024. The Company presentation is scheduled to begin at 1:15 p.m.
RYE, N.Y., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds8:00Moog Inc. (NYSE:MOG)
RYE, N.Y., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Featured Companies AAR Corp. (NYSE:AIR)Graham Corporation (NYSE:GHM) Sean Gillen –
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, 2024. 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 arch
Strong financial results further validates solid execution of strategic initiatives to grow and drive stronger earnings power Revenue up 5% to a record $50.0 million reflecting strength in defense and refining; gross margin expanded 170 basis points to 24.8% Net income increased 12% to $3.0 million for net margin of 5.9%, adjusted net income1 was up 20% to $3.6 million and adjusted EBITDA1 was $5.1 million, or 10.3% of sales Orders of $55.8 million driven by defense market and international demand, resulted in a book-to-bill ratio of 1.1x and nearly $400 million in backlog2 Strong balance sheet with no debt and $21.6 million of cash at June 30, 2024, provides financial flexibil
Secures new contract to provide the MK19 Air Turbine Pump assembly for the Columbia-class submarine Wins new contract to provide cryogenic recirculation pumps for space launch vehicles Awarded another option year for alternators and regulators to support the MK48 Mod 7 Heavyweight Torpedo program 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