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.

Daniel J. Thoren resigned as Executive Chairman and director, transitioning to a Strategic Advisor role until June 15, 2027, under a transition and retirement agreement. Alan E. Smith, former Vice President and General Manager of Graham Manufacturing, also transitioned to a Strategic Advisor role through a transition period. Graham Corporation is a manufacturer of high-performance engineered components and process systems for the energy and defense industries.

Graham Corporation issued a press release on June 8, 2026, describing its results of operations and financial condition for its fourth quarter and fiscal year ended March 31, 2026. The filing includes supplemental data tables and presentation slides for the investor conference call and webcast.