Earnings ·
Graham Corporation reported first quarter fiscal 2027 results with record net sales of $71.3 million, a 29% increase…
GHMGraham Corp
Graham Corporation reported first quarter fiscal 2027 results with record net sales of $71.3 million, a 29% increase year-over-year, driven by strength in Defense and Space markets and contributions from the FlackTek acquisition. Net income per diluted share was $0.33, while adjusted net income per diluted share rose to $0.49. The company achieved orders of $95.9 million against sales of $71.3 million, resulting in a book-to-bill ratio of 1.3x and a record backlog of $557.2 million. Graham strengthened its balance sheet by issuing $50.0 million in stock and using the proceeds to repay $13.0 million of debt, leaving it with no outstanding debt and $27.0 million in cash. The company reaffirmed its full-year fiscal 2027 guidance for net sales between $285 million and $295 million. Graham Corporation is a global leader in the design and manufacture of mission critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the Defense, Space, and Energy & Process industries.