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Graham Corp

Graham Corp (GHM)

29.85
-0.93
(-3.02%)
Closed July 18 4:00PM
29.85
0.00
( 0.00% )
Pre Market: 7:00AM

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

Key stats and details

Current Price
29.85
Bid
-
Ask
-
Volume
-
0.00 Day's Range 0.00
12.53 52 Week Range 34.725
Market Cap
Previous Close
29.85
Open
-
Last Trade
Last Trade Time
-
Financial Volume
-
VWAP
-
Average Volume (3m)
93,165
Shares Outstanding
10,870,564
Dividend Yield
-
PE Ratio
71.22
Earnings Per Share (EPS)
0.42
Revenue
185.53M
Net Profit
4.56M

About Graham Corp

Graham Corporation manufactures and sells critical equipment for the energy, defense, and chemical/petrochemical industries based with emphasis on the United States. Its suite of products includes ejectors, surface condensers, turbopumps, compressors and liquid vacuum pumps, among others. For the de... Graham Corporation manufactures and sells critical equipment for the energy, defense, and chemical/petrochemical industries based with emphasis on the United States. Its suite of products includes ejectors, surface condensers, turbopumps, compressors and liquid vacuum pumps, among others. For the defense industry, its equipment is used in nuclear propulsion power systems for the U.S. Navy. For the chemical and petrochemical industries, its equipment is used in fertilizer, ethylene, methanol and downstream chemical facilities. The company derives key revenue from the sale of Heat transfer equipment. It derives revenue from the US and other countries. Show more

Sector
General Indl Mach & Eq, Nec
Industry
General Indl Mach & Eq, Nec
Headquarters
Wilmington, Delaware, USA
Founded
1970
Graham Corp is listed in the General Indl Mach & Eq sector of the New York Stock Exchange with ticker GHM. The last closing price for Graham was $29.85. Over the last year, Graham shares have traded in a share price range of $ 12.53 to $ 34.725.

Graham currently has 10,870,564 shares outstanding. The market capitalization of Graham is $324.49 million. Graham has a price to earnings ratio (PE ratio) of 71.22.

GHM Latest News

Graham Corporation Set To Join Russell 2000® and 3000® Indexes

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...

Graham Corporation Reports Expanded Margins on Sales Growth of 18% to a Record $185.5 Million for Fiscal 2024

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...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
11.164.0432206343728.6932.2228.66098767130.49640995CS
41.485.2167782869228.3732.2226.3316121928.43555467CS
121.936.9126074498627.9232.2225.22239316528.44943679CS
2610.5454.583117555719.3134.72518.8958715327.47163631CS
5216.78128.38561591413.0734.72512.536438124.10256477CS
15616.62125.62358276613.2334.7256.514192317.61167764CS
26011.1659.711075441418.6934.7256.514085516.66839778CS

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GHM Discussion

View Posts
whytestocks whytestocks 6 years ago
News: $GHM Graham Corporation Provides Third Quarter Revenue Estimate and Updates Fiscal 2019 Revenue Expectations

Preliminary third quarter revenue of approximately $17 million to $17.4 million Timing of backlog conversion in second half results in updating fiscal 2019 annual revenue expectations to between $90 million and $95 million, a 16% to 22% increase over prior year Conti...

Find out more https://marketwirenews.com/news-releases/graham-corporation-provides-third-quarter-revenue-estimate-and-updates-fiscal-2019-revenue-expectations-6827484.html
👍️0
stocktrademan stocktrademan 10 years ago
$GHM DD Notes ~ http://www.ddnotesmaker.com/GHM

bullish very long term

$GHM recent news/filings

## source: finance.yahoo.com

Wed, 29 Oct 2014 12:39:27 GMT ~ Graham Corporation Reports 45% Revenue Growth in Q2 FY 2015

[at noodls] - BATAVIA, NY, October 29, 2014 - Graham Corporation (NYSE MKT: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and power industries, including ...

read full: http://www.noodls.com/view/5F530617D442590B10D6709C9F02E5A454425858
*********************************************************

Wed, 29 Oct 2014 12:01:12 GMT ~ GRAHAM CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial Statements and


read full: http://biz.yahoo.com/e/141029/ghm8-k.html
*********************************************************

Wed, 29 Oct 2014 10:59:00 GMT ~ 6:59 am Graham beats by $0.12, beats on revs; raises bottom end of FY14 revenue guidance range


read full: http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#ghm
*********************************************************

Wed, 29 Oct 2014 10:55:00 GMT ~ Graham Corporation Reports 45% Revenue Growth in Fiscal 2015 Second Quarter

[GlobeNewswire] - BATAVIA, N.Y. -- Graham Corporation , a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and power industries, including the supply of components ...

read full: http://finance.yahoo.com/news/graham-corporation-reports-45-revenue-105500837.html
*********************************************************

Tue, 28 Oct 2014 20:58:13 GMT ~ Graham Corporation Declares Quarterly Cash Dividend

[at noodls] - BATAVIA, NY, October 28, 2014 - Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and power industries, including ...

read full: http://www.noodls.com/view/B04EB0C007EB5390898CA279010FCF29471AE94A
*********************************************************


$GHM charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$GHM company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/GHM/company-info
Ticker: $GHM
OTC Market Place: Not Available
CIK code: 0000716314
Company name: Graham Corp.
Company website: http://www.graham-mfg.com
Incorporated In: DE, USA


$GHM share structure

## source: otcmarkets.com

Market Value: $331,292,982 a/o Oct 28, 2014
Shares Outstanding: 10,118,906 a/o Aug 01, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.1
$GHM extra dd links

Company name: Graham Corp.
Company website: http://www.graham-mfg.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/GHM/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/GHM/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=GHM+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=GHM+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=GHM+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/GHM/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/GHM/news - http://finance.yahoo.com/q/h?s=GHM+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/GHM/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/GHM/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/GHM/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/GHM/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/GHM/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/GHM/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/GHM/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/GHM/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=GHM+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/GHM
DTCC (dtcc.com): http://search2.dtcc.com/?q=Graham+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Graham+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Graham+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.graham-mfg.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.graham-mfg.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.graham-mfg.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/GHM/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/GHM
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/GHM/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/GHM/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/GHM/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000716314&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/GHM/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/GHM/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/GHM/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/GHM/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=GHM&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=GHM
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/GHM/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=GHM+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=GHM+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=GHM
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=GHM
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=GHM+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/GHM/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=GHM+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/GHM.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=GHM
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/GHM/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/GHM/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/GHM/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/GHM/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/GHM
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/GHM
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/GHM:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=GHM
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=GHM



$GHM DD Notes ~ http://www.ddnotesmaker.com/GHM
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Soapy Bubbles Soapy Bubbles 14 years ago
Pop :)
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Soapy Bubbles Soapy Bubbles 15 years ago

Graham Corporation Awarded $3 Million in Refinery Orders

Graham Corporation (NYSE Amex: GHM) a manufacturer of critical equipment for energy, petrochemical and other process industries, today announced that it has been awarded two orders from refinery customers totaling approximately $3 million

One order is for an upgrade to an existing Graham ejector system at a U.S. refinery that is being reengineered to expand the refiner’s capability to process a wider variety of crude feedstock. The order is expected to ship in the second quarter of Graham’s fiscal year 2011, which begins on April 1, 2010

The second order is for custom-engineered steam surface condensers to be installed at a large oil refinery currently under construction in the Middle East and is Graham’s third order related to this project. The two previous orders are currently in backlog. Shipment of the condensers is scheduled for the fourth quarter of fiscal year 2011. With this most-recent order, Graham has now received approximately $23 million in bookings from major refinery projects that are currently moving forward in the region, although the Company does not expect that additional significant orders will be released for the major refinery projects in that region for the next nine to 18 months

Graham’s total order activity for the third quarter of fiscal year 2010, which ended December 31, 2009, was approximately $51.6 million. Such amount represents orders received from a variety of markets, including refining, chemical processing, power generation and fertilizer for projects in China, Indonesia, Thailand, India, Mexico, Saudi Arabia and the United States. Included in the $51.6 million was a very large order, exceeding $25 million, from Northrop Grumman Shipbuilding for the supply of four steam surface condensers for the U.S. Navy's second aircraft carrier of the Gerald R. Ford class, the unnamed CVN 79. Revenue for the large order for the U.S. Navy aircraft carrier is expected to be recognized beginning in fiscal 2012 and is expected to continue to be recognized into fiscal 2014

Consistent with its prior guidance, Graham continues to expect that revenue for fiscal year 2010, which ends March 31, 2010, will be in the range of $60 million to $65 million and gross margin will be in the 33% to 35% range
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Soapy Bubbles Soapy Bubbles 15 years ago
Graham Corporation Awarded Over $25 Million Surface Condenser Order

Graham Corporation (NYSE Amex: GHM) a manufacturer of critical equipment for energy, petrochemical and other process industries, today announced it has received an order in excess of $25 million from Northrop Grumman Shipbuilding for the supply of four steam surface condensers for the second aircraft carrier of the Gerald R. Ford class, the unnamed CVN 79

James R. Lines, Graham’s President and Chief Executive Officer, commented, “Project management and design control, judicious quality management, adherence to rigorous fabrication requirements and on-time delivery are all critical to our customer and are hallmarks of our Company. Our selection by Northrop Grumman Shipbuilding for this project is a testament to the strength of the Graham brand. Graham has a long and proud history of providing equipment for the U.S. Navy dating back to the 1940s, and we look forward to continuing our relationship as a supplier for the next class of super carrier.” Revenue from the contract award is expected to begin to be recognized in fiscal 2012 which begins April 1, 2011, and will continue into fiscal 2014. The surface condensers are expected to be engineered and manufactured in the Company’s Batavia, New York, facility

ABOUT GRAHAM CORPORATION With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a global designer, manufacturer and supplier of custom-engineered ejectors, pumps, condensers, vacuum systems and heat exchangers. For over 70 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. Sold either as components or complete system solutions, the principal markets for Graham’s equipment are the energy, petrochemical and other process industries. Graham's equipment can be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning

Graham Corporation’s reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on the Company can be found

ABOUT NORTHROP GRUMMAN Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide

Safe Harbor Regarding Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended

Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing operating performance, events, or developments that Graham Corporation expects or anticipates will occur in the future, including but not limited to, statements relating to anticipated revenue, profit margins, foreign sales operations, its strategy to build its global sales representative channel, the effectiveness of automation in expanding its engineering capacity, its ability to improve cost competitiveness, customer preferences, changes in market conditions in the industries in which it operates, changes in general economic conditions and customer behavior and its acquisition strategy are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Graham Corporation's most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should any of Graham Corporation's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Graham Corporation's forward-looking statements. Except as required by law, Graham Corporation disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release
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Serenity Serenity 15 years ago
Graham Corporation Awarded Orders Totaling More Than $16 Million

$29.6 Million in Total Orders Booked in Second Quarter Fiscal 2010

* Press Release
* Source: Graham Corporation
* On 6:57 am EDT, Friday October 30, 2009

o
Buzz up! 0
o Print

*
Companies:
o Graham Corp.

BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE Amex: GHM) a manufacturer of critical equipment for the oil refinery, petrochemical and power industries, today announced that it has been awarded orders for two refinery projects in the Middle East and a fertilizer project in Asia with a combined value exceeding $16 million. The orders were booked in Graham’s second quarter of fiscal 2010, which ended September 30, 2009, and are included in the $29.6 million in total orders booked during the quarter. The Company anticipates the majority of the related products shipping during the second half of fiscal 2011, which begins on April 1, 2010, and the early part of fiscal 2012.
Related Quotes
Symbol Price Change
GHM 14.65 0.00
Chart for GRAHAM CP
{"s" : "ghm","k" : "c10,l10,p20,t10","o" : "","j" : ""}

James R. Lines, Graham’s President and Chief Executive Officer, commented, “It is encouraging to see increased purchasing activity in our international markets, particularly in Asia and the Middle East, where we expected the recovery from the global recession to begin. We are also seeing renewed quoting activity in South America. However, we do not believe our markets are in full recovery, and we continue to expect non-uniform order levels for several more quarters.”

Mr. Lines concluded, “Throughout this contraction in the industries we serve, we have consistently maintained our customer support levels and have sought to strengthen our relationships with our customers as we all work through the economic slowdown. We remain committed to being ready for the upturn in our markets through continuous improvement in order execution and production efficiency, and by seeking opportunities to acquire companies that would contribute to expanded geographic capabilities, broadened markets, new customers or additional product offerings.”

Graham announced separately today its financial results for the second quarter of fiscal 2010.

ABOUT GRAHAM CORPORATION

With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a global designer, manufacturer and supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers. For over 70 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. Sold either as components or complete system solutions, the principal markets for Graham’s equipment are the petrochemical, oil refining and electric power generation industries, including cogeneration and geothermal plants. Graham's equipment can be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning.

Graham Corporation’s reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on the Company can be found.
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Soapy Bubbles Soapy Bubbles 15 years ago
News...
👍️0
Soapy Bubbles Soapy Bubbles 15 years ago
Nice swing trading... Just like the old days on GHM.
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Soapy Bubbles Soapy Bubbles 15 years ago
Graham Corporation Announces First Quarter Fiscal 2010 Financial Results Release
and Conference Call

BATAVIA, N.Y., Jul 17, 2009 (BUSINESS WIRE) -- Graham Corporation (NYSE Amex:
GHM) announced today that it will release its results of operations for the first
quarter fiscal year 2010, which ended June 30, 2009, before the opening of the
financial markets on Friday, July 31, 2009.

A live webcast and teleconference will be held on Friday, July 31, 2009, at 11:00
a.m. Eastern Time. During the teleconference, James R. Lines, President and Chief
Executive Officer, and Jeffrey Glajch, Vice President Finance and Administration
and Chief Financial Officer, will review the Company's financial and operating
results as well as the Company's strategy and outlook. A question-and-answer
session will follow.

Graham's conference call can be accessed as follows:

-- The live webcast can be found at http://www.graham-mfg.com. Participants
should go to the website 10 -15 minutes prior to the scheduled conference in
order to register and download any necessary audio software.

-- The teleconference can be accessed by dialing 1-201-689-8560 and requesting
conference ID number 328035 approximately 5 - 10 minutes prior to the call.

To listen to the archived conference call:

-- The webcast will be archived at http://www.graham-mfg.com. A transcript will
also be posted, once available.

-- A replay can be heard by calling 1-201-612-7415, and entering the conference
ID number 328035 and account number 3055. The telephonic replay will be available
from 2:00 p.m. on the day of release through August 7, 2009, at 11:59 p.m.
Eastern Time.

ABOUT GRAHAM CORPORATION

With world-renowned engineering expertise in vacuum and heat transfer technology,
Graham Corporation is a global designer, manufacturer and supplier of ejectors,
pumps, condensers, vacuum systems and heat exchangers. For over 70 years, Graham
Corporation has built a reputation for top quality, reliable products and
high-standards of customer service. Sold either as components or complete system
solutions, the principal markets for Graham's equipment are the petrochemical,
oil refining and electric power generation industries, including cogeneration and
geothermal plants. Graham equipment can be found in diverse applications, such as
metal refining, pulp and paper processing, ship-building, water heating,
refrigeration, desalination, food processing, drugs, heating, ventilating and air
conditioning. Graham's reach spans the globe. Its equipment is installed in
facilities from North and South America to Europe, Asia, Africa and the Middle
East.

Graham routinely posts news and other important information on its website,
http://www.graham-mfg.com, where additional comprehensive information on the
Company can be found.

SOURCE: Graham Corporation

Graham Corporation
Jeffrey F. Glajch, 585-343-2216
Vice President Finance and CFO
jglajch@graham-mfg.com
or
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com


Copyright Business Wire 2009
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Soapy Bubbles Soapy Bubbles 15 years ago
24-Jun-09 Upgrade Roth Capital Hold -> Buy $14 -> $15
👍️0
Soapy Bubbles Soapy Bubbles 15 years ago
Cool deal -- I've emailed but got generic info. Good luck.
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James-007 James-007 15 years ago
I know...that still leaves me up 40%. Help, the sky is falling, too funny. That is local news doom and gloom for ya!

I'm trying to get a meeting with the engineering manager to get the skinny on current and upcoming projects. I'll keep you posted.

-007
👍️0
Soapy Bubbles Soapy Bubbles 15 years ago
Added as a sticky -- but we hit the 200MA...lol. 8% after the climb is bad?
👍️0
James-007 James-007 15 years ago
Local news artical about Grahams current condition.

Soapy - I hope this is appropriate.

👍️0
Soapy Bubbles Soapy Bubbles 15 years ago
I really like GHM - but read the filings - that's key. When manufacturing recovers, GHM will be landing nice contracts. Also a great daytrader when the volume rolls in.
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James-007 James-007 15 years ago
Thanks Soapy!
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Soapy Bubbles Soapy Bubbles 15 years ago
Graham Corporation Announces Fourth Quarter and Fiscal Year 2009 Financial
Results Release and Conference Call

BATAVIA, N.Y., May 15, 2009 (BUSINESS WIRE) -- Graham Corporation (NYSE Amex:
GHM) announced today that it will release its results of operations for the
fourth quarter and fiscal year 2009, which ended March 31, 2009, before the
opening of the financial markets on Friday, May 29, 2009.

A live webcast and teleconference will be held on Friday, May 29, 2009, at 11:00
a.m. Eastern Time. During the teleconference, James R. Lines, President and Chief
Executive Officer, and Jeffrey Glajch, Vice President Finance and Administration
and Chief Financial Officer, will review the Company's financial and operating
results as well as the Company's strategy and outlook. A question-and-answer
session will follow.

Graham's conference call can be accessed as follows:

-- The live webcast can be found at http://www.graham-mfg.com. Participants
should go to the website 10 -15 minutes prior to the scheduled conference in
order to register and download any necessary audio software.

-- The teleconference can be accessed by dialing 1-201-689-8560 and requesting
conference ID number 323111 approximately 5 - 10 minutes prior to the call.

To listen to the archived conference call:

-- The webcast will be archived at http://www.graham-mfg.com. A transcript will
also be posted, once available.

-- A replay can be heard by calling 1-201-612-7415, and entering the conference
ID number 323111 and account number 3055. The telephonic replay will be available
from 2:00 p.m. on the day of release through June 5, 2009, at 11:59 p.m. Eastern
Time.

ABOUT GRAHAM CORPORATION

With world-renowned engineering expertise in vacuum and heat transfer technology,
Graham Corporation is a global designer, manufacturer and supplier of ejectors,
pumps, condensers, vacuum systems and heat exchangers. Over the past 73 years,
Graham Corporation has built a reputation for top quality, reliable products and
high-standards of customer service. Sold either as components or complete system
solutions, the principal markets for Graham's equipment are the petrochemical,
oil refining and electric power generation industries, including cogeneration and
geothermal plants. Graham equipment can be found in diverse applications, such as
metal refining, pulp and paper processing, ship-building, water heating,
refrigeration, desalination, food processing, drugs, heating, ventilating and air
conditioning. Graham's reach spans the globe. Its equipment is installed in
facilities from North and South America to Europe, Asia, Africa and the Middle
East.

Graham routinely posts news and other important information on its website,
http://www.graham-mfg.com, where additional comprehensive information on the
Company can be found.

SOURCE: Graham Corporation

Graham Corporation
Jeffrey F. Glajch, 585-343-2216
Vice President Finance and CFO
jglajch@graham-mfg.com
or
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com


Copyright Business Wire 2009
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Soapy Bubbles Soapy Bubbles 15 years ago
Hey, if you have pics and stuff, let's get them into the iBOX. Welcome to the forum and enjoy it.

Don't worry about pumping -- it's tough to push a big board via iHUB.
👍️0
James-007 James-007 15 years ago
Soapy...Nice to see you here. I'm long in SPNG with you too. I actually live in Batavia and have had professional dealings with Graham. Though they have been recently dealing with a rough time they are ramping up with new orders and work. I am now investing long with them and look forward to a great future. I have more to share but don't want to come off as a pumper.

GLTA!

Please do not trade on my opinions, DD is the best medicine!

-007
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Soapy Bubbles Soapy Bubbles 15 years ago
Moved nicely. Short.
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Soapy Bubbles Soapy Bubbles 15 years ago
*** Graham Corporation Awarded $2.5 Million in Surface Condenser Orders

$20.8 million in Orders Received in the Fourth Quarter of Fiscal 2009

BATAVIA, N.Y., Apr 07, 2009 (BUSINESS WIRE) -- Graham Corporation (NYSE Amex:
GHM) announced today that it has been awarded $2.5 million in orders for surface
condensers to be installed in conjunction with the renovation of an oil refinery
in the Middle East and the renovation of an oil refinery in South America. Both
orders were booked during Graham's recently completed fiscal 2009 fourth quarter,
which ended March 31, 2009. The order for the Middle East refinery is expected to
ship during Graham's fiscal 2010 third quarter, which ends December 31, 2009.
Shipment to the South American facility is scheduled for Graham's fiscal 2010
fourth quarter, which ends March 31, 2010.

James R. Lines, Graham's President and Chief Executive Officer, commented, "The
fourth quarter was a much stronger quarter for bookings than the trailing third
quarter. We believe that the pipeline for projects remains active, with the
refinery sector demonstrating greater robustness in the quarter than we had seen
in the previous six months. We also received a few fertilizer project orders.
However, we are still seeing a good deal of caution on the part of refiners and
chemical processers to initiate new projects as they continue to evaluate the
potential for further reduction in costs and the availability of capital."

Graham had $20.8 million in orders during the fourth quarter, compared with $8.1
million in orders during the trailing fiscal 2009 third quarter and $35.1 million
in orders during the fourth quarter of fiscal 2008.

Mr. Lines added, "Although short-term visibility for us continues to be
uncertain, we remain confident that long-term growth in the world's energy needs
will translate into additional demand for Graham's products."

ABOUT GRAHAM CORPORATION

With world-renowned engineering expertise in vacuum and heat transfer technology,
Graham Corporation is a global designer, manufacturer and supplier of ejectors,
pumps, condensers, vacuum systems and heat exchangers. Over the past 73 years,
Graham has built a reputation for top quality, reliable products and
high-standards of customer service. Sold either as components or complete system
solutions, the principal markets for Graham's equipment are the petrochemical,
oil refining and electric power generation industries, including cogeneration and
geothermal plants. Graham's equipment can be found in diverse applications, such
as metal refining, pulp and paper processing, ship-building, water heating,
refrigeration, desalination, food processing, pharmaceutical, heating,
ventilating and air conditioning.

Graham Corporation's reach spans the globe. Its equipment is installed in
facilities from North and South America to Europe, Asia, Africa and the Middle
East. Graham routinely posts news and other important information on its website,
http://www.graham-mfg.com, where additional comprehensive information can be
found.

Safe Harbor Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements are
subject to risks, uncertainties and assumptions and are identified by words such
as "expects," "estimates," "projects," "anticipates," "believes," "could," and
other similar words. All statements addressing operating performance, events, or
developments that Graham Corporation expects or anticipates will occur in the
future, including but not limited to, statements relating to anticipated
revenues, profit margins, foreign sales operations, its strategy to build its
global sales representative channel, the effectiveness of automation in expanding
its engineering capacity, its ability to improve cost competitiveness, customer
preferences, changes in market conditions in the industries in which Graham
Corporation operates, changes in general economic conditions and customer
behavior and Graham Corporation's acquisition strategy are forward-looking
statements. Because they are forward-looking, they should be evaluated in light
of important risk factors and uncertainties. These risk factors and uncertainties
are more fully described in Graham Corporation's most recent Annual and Quarterly
Reports filed with the Securities and Exchange Commission, including under the
heading entitled "Risk Factors." Should one or more of these risks or
uncertainties materialize, or should any of Graham Corporation's underlying
assumptions prove incorrect, actual results may vary materially from those
currently anticipated. In addition, undue reliance should not be placed on Graham
Corporation's forward-looking statements. Except as required by law, Graham
Corporation disclaims any obligation to update or publicly announce any revisions
to any of the forward-looking statements contained in this press release.

SOURCE: Graham Corporation

For More Information:
Graham Corporation
Jeffrey F. Glajch, 585-343-2216
Vice President Finance and CFO
jglajch@graham-mfg.com
or
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com


Copyright Business Wire 2009
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Soapy Bubbles Soapy Bubbles 15 years ago
She's trying to move... watching.
👍️0
Soapy Bubbles Soapy Bubbles 15 years ago
OK... Let's see if the bottom holds.
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Lansing Lansing 15 years ago
I appreciate your input! I'll pick some up as soon as our baby gives us the long-anticipated PR.

While DOW 6,000 makes me sick too, the P/E in 2000 was 43, which is obviously unsustainable. The people who became intoxicated with optimisim at the peak will be the same people who panic in the end and sell at a single digit P/E ratio. People have a herd mentality and make emotional decisions instead of business decisions. That's why long-term bear markets usually end with the P/E ratio in the 5 - 8 range. Considering we are at about 12 right now, the DOW will almost certainly fail to hold 6,000 and we have to consider a breach of 5,000 a real possibility. A counter-trend bear market bounce will give the herd reason to be optimistic and many will fall victim to a suckers' rally.

All just my opinion but I've been expecting this type of crash. There will be some amazing buying opportunities for independent thinkers who don't get wiped-out on the way down!
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Soapy Bubbles Soapy Bubbles 15 years ago
As usual, 10s and 8s...
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realbiz realbiz 15 years ago
Most Interesting Must do my own DD but I am open to all imput THANX //REALBIZ//JIMMY
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Soapy Bubbles Soapy Bubbles 15 years ago
6k DOW just makes me sick since there is no real reason for it. Makes me wonder about people in the market.

Yes, I think GHM will be a leader in the manufacturing sector. Their PRs show revenue (even now...) and the 10s are solid. Just a matter of time and finding the bottom for the swing.

Call the company too -- they are pretty good on that.
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Lansing Lansing 15 years ago
Do you think this will rally if/when the general market bounces, which seems over-due to me? Will it be a counter-trend bear market bounce, like the general market, IMO?

Remember our conversation about DOW 6,000? I bet someone $1,000 in July of 2004 that the DOW will fall below 6,000 within ten years. Everyone thought I was crazy at that time, but not any more.
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Soapy Bubbles Soapy Bubbles 15 years ago
Not oversold yet.
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Soapy Bubbles Soapy Bubbles 15 years ago
Still weak but watching now.
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Lansing Lansing 15 years ago
Thanks. Please post something if/when you take a position. I appreciate all your input!
👍️0
Soapy Bubbles Soapy Bubbles 15 years ago
Not yet... Waiting for the chart :)
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Lansing Lansing 15 years ago
Since you're expecting a bounce in the broad market (as am I, although I believe it will prove to be a counter-trend rally) do you own any Graham Corp right now?
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Soapy Bubbles Soapy Bubbles 15 years ago
Also, GHM is a trader as well... So this is a long which you can flip. (That's what I do.)
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Lansing Lansing 15 years ago
Will do. Thanks!

Sitting on my hands until our baby comes through - shouldn't be long now!!
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Soapy Bubbles Soapy Bubbles 15 years ago
Gotta read the PRs and SEC filings for this one. They are manufacturing and bringing in revenue while the rest of the manuf industry in the US is pretty much dead. (Also it's a good OS.) This is a fundamentals play, longer term.

Also, I did contact GHM via phone and am waiting on an investor packet.

It's all about the 8k and 10's for GHM.
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Lansing Lansing 15 years ago
Soapy:

You recently wrote this stock is on your watch list. Please tell me why. Is it "still" on your watch list or are you expecting something in the near future?

Thaks,

Lansing
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Soapy Bubbles Soapy Bubbles 15 years ago
Ibox updated.
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Soapy Bubbles Soapy Bubbles 15 years ago
Eh, nothing too solid at the moment... Just charting.
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Lansing Lansing 15 years ago
Thanks for the tip! Added to my favorites. I need to be better diversified after our baby launches. Any entry point suggestions?
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Soapy Bubbles Soapy Bubbles 15 years ago
I was the mod... Like to be back. Seems I am the only one who follows GHM. :(
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Soapy Bubbles Soapy Bubbles 15 years ago
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Soapy Bubbles Soapy Bubbles 15 years ago
DOWJONES
Graham Corp OKs Up To 1M Shr Buyback>GHM

Graham Corp OKs Up To 1M Shr Buyback>GHM

Last Update: 1/30/2009 7:09:36 AM

(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)

January 30, 2009 07:09 ET (12:09 GMT)
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Soapy Bubbles Soapy Bubbles 15 years ago
BUSINESSWIRE
Graham Corporation Reports 19.8% Increase in Sales for the Third Quarter of Fiscal 2009

Graham Corporation Reports 19.8% Increase in Sales for the Third Quarter of
Fiscal 2009

Net sales of $24.7 million in the quarter, up $4.1 million

BATAVIA, N.Y., Jan 30, 2009 (BUSINESS WIRE) -- --On track for record year: Fiscal
2009 expected to be peak of current cycle; downturn expected in fiscal 2010

--Strong balance sheet: $45.4 million in cash and investments and no long-term
debt

--Reaffirms fiscal 2009 revenue and margin guidance

--Board authorizes stock repurchase program

Graham Corporation (NYSE-A: GHM), a manufacturer of critical equipment for the
oil refinery, petrochemical and power industries, today reported financial
results for its fiscal 2009 third quarter ended December 31, 2008. Net sales were
$24.7 million in the quarter, up $4.1 million, or 19.8%, compared with net sales
of $20.6 million in the prior year's third quarter. Net income was $3.8 million,
or $0.37 per diluted share, in the third quarter, approximately the same as net
income in the same period the prior fiscal year. Graham's fiscal 2009 ends March
31, 2009.

Mr. James R. Lines, President and Chief Executive Officer of Graham, commented,
"Our third quarter financial results were in line with our expectations and
support our previously announced outlook that fiscal 2009 would be a record year
for sales and earnings. However, we believe that fiscal 2009 will represent the
peak of the current cycle that began for us in the latter half of fiscal 2004. We
took measured steps during the current cycle to control our growth, to maintain a
solid balance sheet and to make important gains in productivity. We expect that
these gains will help to reduce the effect of declining revenue as we head into
fiscal 2010. Moreover, we believe that our strong balance sheet and expected
operating performance during fiscal 2010 will allow us to maintain a strong
financial position that will enable us to take advantage of opportunities that
may present themselves during the downturn."

Sales on Track for Record Fiscal Year

The increase in third quarter sales of ejectors, heat exchangers and pump
packages was offset slightly by a decrease in sales of condensers and aftermarket
products. Ejector sales were $10.3 million, or 41.6% of total net sales, in the
third quarter, a 47.7% increase compared with $7.0 million, or 33.8% of total net
sales, in the same period during the prior year. The increase in ejector sales
reflects a greater number of oil refinery projects in the period.

Higher sales of heat exchangers were driven by more focused sales activities that
targeted a wider variety of end markets. Heat exchanger sales increased 23.9%
year-over-year to $3.0 million, or 12.1% of total net sales, in the third quarter
compared with $2.4 million, or 11.7% of total net sales, in the same period the
prior fiscal year. Pump package sales increased three-fold to $1.8 million, or
7.5% of total net sales, in the third quarter compared with $0.6 million, or 2.9%
of net sales, in the third quarter of fiscal 2008. The timing of customer
requirements for repair parts impacted our aftermarket product sales, which
decreased 21.8% to $2.8 million, or 11.3% of total net sales, in the third
quarter of fiscal 2009, compared with $3.6 million, or 17.3% of total net sales,
in the prior fiscal year's third quarter.

Sales of condensers declined in the third quarter to $6.8 million, or 27.5% of
total net sales, compared with $7.1 million, or 34.3% of total net sales, in the
same period the prior fiscal year, as the petrochemical industry slowed during
the latter part of 2008.

U.S. sales were $14.4 million, or 58% of total sales, in the third quarter,
compared with $10.7 million, or 52% of total sales, in the same quarter of fiscal
2008. International sales were $10.3 million, or 42% of total sales, in the third
quarter, slightly above $9.9 million, or 48%, in the same quarter a year ago.
Increased sales to Canada, the Middle East and Western Europe were mostly offset
by decreases in sales to South and Central America and Asia. Fluctuations in
sales among products and geographic locations can vary measurably from
quarter-to-quarter based on the timing and magnitude of projects, and we
generally do not believe that such fluctuations are indicative of business
trends.

By industry, 46% of sales in the third quarter were to the refining industry,
compared with 38% in the same period the prior fiscal year. Approximately 27% of
sales were to the chemical/petrochemical industry and 21% to other industrial
applications during the current quarter, as compared with 42% and 19%,
respectively, in the third quarter of fiscal 2008. Power industry sales accounted
for 6% of sales during the third quarter of fiscal 2009, while that industry
represented approximately one percent of sales during the same period the prior
year.

Additional historical information regarding sales by industry and region are
contained in the tables at the end of this news release.

Managing Operational Effectiveness

Gross profit was $9.4 million, or 37.9% of sales, in the third quarter of fiscal
2009, compared with $8.6 million, or 41.9% of sales, in the same period the prior
fiscal year. The decline in margin during the quarter occurred as a result of a
contract in process requiring international fabrication that carried a lower
margin than those in the same quarter of fiscal 2008. Approximately 8% of
manufacturing production hours were outsourced in the third quarter of fiscal
2009.

Selling, general and administrative ("SG&A") expenses were $3.6 million, or 14.4%
of sales, in the third quarter of fiscal 2009 compared with $3.2 million, or
15.7% of sales, in the third quarter of fiscal 2008, but were below SG&A expenses
of $3.9 million, or 16.4% of sales in the trailing second quarter of fiscal 2009.
Costs related to Graham's ongoing initiatives to improve manufacturing
efficiencies and increased bonus and commission accruals, as a result of higher
sales and net income, caused the slight increase in SG&A expenses in the current
fiscal year quarter compared with the same quarter in the prior year.

Taking into account current backlog, the new order environment and the
productivity gains made over the past several years, in January of 2009 Graham
eliminated approximately 5% of its workforce. Graham believes that the
elimination of these positions better align its operating structure and costs. A
$365 thousand restructuring charge is expected to be recognized in the fourth
quarter of fiscal 2009, and on-going cost savings are expected to be
approximately $2.0 million per year. Excluding the restructuring charge, for the
remainder of fiscal 2009, SG&A expenses are expected to be in the range of 15% to
16% of sales.

Mr. Lines noted, "We've reduced our cost structure as we enter a period of
declining revenue. We will, however, remain disciplined about our ongoing
internal improvement efforts. The personnel reductions we made in January were
difficult but necessary. We believe we are prepared for the downturn and view it
as an opportunity to continue to drive improvement into the company, strengthen
our relationships with customers, capture additional market share, enter new
markets and be able to take greater advantage of the next up-cycle."

Interest income in the third quarter of fiscal 2009 declined to $83 thousand
compared with $304 thousand in the same period the prior fiscal year, primarily
as a result of a significant decline in current treasury yields compared with a
year ago.

Graham has revised its estimated fiscal 2009 effective tax rate upward by half a
percentage point to 34% in light of the actual rates experienced on its
recently-filed tax returns which resulted in an effective tax rate for the third
quarter of fiscal 2009 of 35.5%.

Nine-Month Review

Net sales for the first nine months of fiscal 2009 were $76.3 million, up 19.8%
compared with $63.7 million in the first nine months of fiscal 2008. Gross margin
was 42.1% for the nine-month period compared with 39.6% in the same period the
prior fiscal year. Higher aftermarket sales, particularly in the first quarter,
improved product mix and engineering and manufacturing operating efficiencies all
contributed to the year-over-year increase. Approximately 9% of manufacturing
production hours were outsourced in the first nine months of fiscal 2009. Graham
expects that outsourced manufacturing hours will be between 8% and 10% for the
full fiscal year 2009.

SG&A expenses were $11.3 million, or 14.8% of sales, in the first nine months of
fiscal 2009 compared with $9.8 million, or 15.3% of sales, in the same period of
fiscal 2008. The increase was related to higher variable compensation costs and
outside consulting fees.

Net income for the first nine months of fiscal 2009 was up 28.1% to $13.9
million, compared with $10.8 million in the same period the prior year. On a per
diluted share basis, net income grew to $1.36, a 25.9% increase over $1.08 in the
same period the prior fiscal year.

Strong, Flexible Balance Sheet with Significant Cash Position

Cash, cash equivalents and investments at December 31, 2008 were $45.4 million,
compared with $36.8 million at March 31, 2008 and $42.9 million at September 30,
2008. Net cash provided by operating activities was $7.4 million in the first
nine months of fiscal 2009, compared with $16.0 million in the same period the
prior fiscal year. The year-over-year decrease was a result of higher working
capital requirements, primarily from an increase in Graham's accounts receivable
balance due to the timing of customer billings. Approximately $41.2 million was
invested in United States Treasury notes with maturity periods of 91 to 180 days
at December 31, 2008. As of December 31, 2008, Graham had no borrowings and $7.5
million of outstanding letters of credit under its $30.0 million revolving line
of credit facility.

Capital expenditures were $398 thousand in the third quarter of fiscal 2009 and
$1.2 million for the nine-month period, compared with $212 thousand and $659
thousand in the third quarter and nine-month period of fiscal 2008, respectively.
Capital expenditures for the full-year fiscal 2009 are expected to be in the
range of $1.8 to $2.0 million, of which approximately 50% will be allocated for
machinery and equipment, 40% for information technology and 10% for other
expenditures. An estimated 75% of the fiscal 2009 capital spending is expected to
be used for productivity improvements and the remaining 25% for capitalized
maintenance and other general purposes.

Addressing the Down Slope of a Cycle

Orders began to slow during September and October as the world reacted to the
unprecedented worldwide financial crisis and the seizure of capital markets, and
we experienced a rapid and severe decline in order activity in November and
December. While we maintain our strong market position, orders received in the
third quarter of fiscal 2009, net of cancellations, were an unusually low $8.1
million compared with orders of $26.6 million in the same period the prior fiscal
year. Oil refiners have curtailed or cancelled many projects as they evaluate the
changing outlook on demand for oil and its many by-products resulting from the
worldwide economic slowdown. Because of the magnitude of certain individual
orders and shipment timing, there can be significant variability in sales and
orders from quarter-to-quarter. Graham does not believe such fluctuations are
indicative of business trends.

Graham's backlog was $52.5 million at December 31, 2008, down 16.7% compared with
$63.0 million at December 31, 2007. Backlog was reduced by $1.6 million due to
the cancellation of an order for a refinery project. Included in backlog is
approximately $5.7 million in orders for refinery projects that customers have
currently suspended subject to their further review of the related projects.
Approximately 45% of projects in backlog are for refinery projects, 33% for
chemical and petrochemical projects and 22% for power and other industrial
commercial applications, compared with 50%, 23% and 27%, respectively, at the end
of the third quarter of fiscal 2008. Approximately 90% of backlog is expected to
ship in the next twelve months.

"The significant decline during the quarter is the most severe
quarter-over-quarter swing that I have seen in the 25 years I have been with
Graham. Since we may experience significant variability in sales and orders from
quarter-to-quarter, we analyze business trends over multiple quarterly periods.
For the nine-month period ended December 31, 2008, we received $53.4 million in
new orders. Nonetheless, we expect that we will be near $100 million in sales for
fiscal 2009, as we had previously projected, and expect gross margins will be
consistent with our previous guidance of approximately 39% to 42%," stated Mr.
Lines.

He added, "What is not clear is the extent or duration of the down slope of this
new cycle. Oil companies are reducing capital budgets by an estimated 12% for
2009 and many higher cost projects, such as oil sands, have been cancelled.
Petrochemical companies are facing difficult times and investment in new capacity
has been dramatically scaled down. Consequently, we are prepared for a measurably
lower level of sales in fiscal 2010. Notwithstanding current conditions, we
continue to believe that longer-term overall global growth will continue to drive
demand for our products."

He concluded, "Strategically, our goal remains to double the size of Graham over
the next three to five years. Moreover, we see this downturn and our financial
strength as an opportunity for us to be very selective and effective with our
acquisition strategy."

Stock Buyback Program Authorized

On January 29, 2009, Graham's Board of Directors authorized a stock repurchase
program, permitting Graham to repurchase up to 1,000,000 shares of its common
stock in open market and privately negotiated transactions. Graham's repurchase
program will continue until the earlier of July 29, 2009, until such time that
all 1,000,000 shares have been repurchased or until the Board of Directors
terminates the program. Graham intends to use cash on hand to fund any stock
repurchases under the program.

Webcast and Conference Call

Graham will host a conference call and live webcast today at 11:00 a.m. ET.
During the conference call and webcast, James R. Lines, President and Chief
Executive Officer, and Jennifer Condame, Chief Accounting Officer, will review
Graham's financial and operating results for the third quarter and first nine
months of fiscal 2009 as well as Graham's strategy and outlook. A
question-and-answer session will follow.

Graham's conference call and live webcast can be accessed as follows:

-- The live webcast can be found at http://www.graham-mfg.com. Participants
should go to the website 10 -15 minutes prior to the scheduled conference in
order to register and download any necessary audio software.

-- The teleconference can be accessed by dialing 1-201-689-8560 and referencing
conference ID number 309815 approximately 5 - 10 minutes prior to the call.

The conference call and webcast will be archived and can be reviewed as follows:

-- The webcast will be archived at http://www.graham-mfg.com and a transcript
will be posted once available. The webcast and transcript will remain available
on the website for approximately 30 days.

-- A replay can be heard by calling 1-201-612-7415, and entering the account
number 3055 and conference ID number 309815. The telephonic replay will be
available through February 6, 2009 at 11:59 p.m. Eastern Time.

ABOUT GRAHAM CORPORATION

With world-renowned engineering expertise in vacuum and heat transfer technology,
Graham Corporation is a global designer, manufacturer and supplier of ejectors,
pumps, condensers, vacuum systems and heat exchangers. Over the past 72 years,
Graham has built a reputation for top quality, reliable products and
high-standards of customer service. Sold either as components or complete system
solutions, the principal markets for Graham's equipment are the petrochemical,
oil refining and electric power generation industries, including cogeneration and
geothermal plants. Graham's equipment can be found in diverse applications, such
as metal refining, pulp and paper processing, ship-building, water heating,
refrigeration, desalination, food processing, pharmaceutical, heating,
ventilating and air conditioning.

Graham Corporation's reach spans the globe. Its equipment is installed in
facilities from North and South America to Europe, Asia, Africa and the Middle
East. Graham routinely posts news and other important information on its website,
http://www.graham-mfg.com, where additional comprehensive information on the
Company can be found.

Safe Harbor Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements are
subject to risks, uncertainties and assumptions and are identified by words such
as "expects," "estimates," "projects," "anticipates," "believes," "could," and
other similar words. All statements addressing operating performance, events, or
developments that Graham Corporation expects or anticipates will occur in the
future, including but not limited to, statements relating to anticipated
revenues, profit margins, foreign sales operations, its strategy to build its
global sales representative channel, the effectiveness of automation in expanding
its engineering capacity, its ability to improve cost competitiveness, customer
preferences, changes in market conditions in the industries in which Graham
Corporation operates, changes in general economic conditions and customer
behavior and Graham Corporation's acquisition strategy are forward-looking
statements. Because they are forward-looking, they should be evaluated in light
of important risk factors and uncertainties. These risk factors and uncertainties
are more fully described in Graham Corporation's most recent Annual and Quarterly
Reports filed with the Securities and Exchange Commission, including under the
heading entitled "Risk Factors." Should one or more of these risks or
uncertainties materialize, or should any of Graham Corporation's underlying
assumptions prove incorrect, actual results may vary materially from those
currently anticipated. In addition, undue reliance should not be placed on Graham
Corporation's forward-looking statements. Except as required by law, Graham
Corporation disclaims any obligation to update or publicly announce any revisions
to any of the forward-looking statements contained in this press release.
Graham Corporation Third Quarter Fiscal 2009
Consolidated Statements of Operations and Retained Earnings
(Amounts in thousands, except per share data)
(Unaudited)
Three Months EndedNine Months Ended
December 31,December 31,
2008200720082007
(Amounts in thousands, except per share data)
Net sales$24,701$20,625$76,263$63,672
Cost of products sold15,33911,97844,18438,449
Gross profit9,3628,64732,07925,223
Gross profit margin37.9%41.9%42.1%39.6%
Other expenses:
Selling, general and administrative3,5673,23911,3209,756
Operating profit5,7955,40820,75915,467
Operating profit margin23.5%26.2%27.2%24.3%
Interest income(83)(304)(386)(799)
Interest expense1149
Total other expenses and income3,4852,93610,9388,966
Income before income taxes5,8775,71121,14116,257
Provision for income taxes2,0871,9487,2555,414
Net income3,7903,76313,88610,843
Retained earnings at beginning of period46,99529,55937,21622,675
Dividends(203)(148)(557)(344)
Effect of adoption of measurement date provisions of Statement of--37-
Financial Accounting Standards No. 158
Retained earnings at end of period$50,582$33,174$50,582$33,174
Per share data:
Basic:
Net income$.37$.38$1.37$1.10
Diluted:
Net income$.37$.37$1.36$1.08
Weighted average common shares outstanding:
Basic:10,1819,94310,1459,871
Diluted:10,21110,12410,22110,035
Dividends declared per share$.02$.015$.055$.035


Graham Corporation Third Quarter Fiscal 2009
Consolidated Balance Sheets
(Amounts in thousands, except per share data)
(Unaudited)
December 31,March 31,
20082008
(Amounts in thousands, except per share data)
Assets
Current assets:
Cash and cash equivalents$4,229$2,112
Investments41,15234,681
Trade accounts receivable, net of allowances ($21 and $41 at8,4195,052
December 31, and March 31, 2008, respectively)
Unbilled revenue8,5568,763
Inventories5,0194,797
Income taxes receivable6181,502
Prepaid expenses and other current assets826463
Total current assets68,81957,370
Property, plant and equipment, net9,6159,060
Deferred income tax asset15670
Prepaid pension asset7,0154,186
Other assets1625
Total assets$85,621$70,711
Liabilities and stockholders' equity
Current liabilities:
Current portion of capital lease obligations$27$20
Accounts payable4,0565,461
Accrued compensation4,1564,517
Accrued expenses and other liabilities1,9492,114
Customer deposits6,0805,985
Deferred income tax liability2,2752,275
Total current liabilities18,54320,372
Capital lease obligations3936
Accrued compensation241232
Deferred income tax liability1,344315
Accrued pension liability259271
Accrued postretirement benefits941949
Total liabilities21,36722,175
Stockholders' equity:
Preferred stock, $1.00 par value - Authorized, 500 shares
Common stock, $.10 par value - Authorized, 25,500 and 6,000 shares
at December 31 and March 31, 2008, respectively
Issued 10,127 and 9,982 shares at December 31 and March 31, 2008,1,013499
respectively
Capital in excess of par value14,86612,674
Retained earnings50,58237,216
Accumulated other comprehensive loss(2,163 )(1,820 )
Other(44)(33)
Total stockholders' equity64,25448,536
Total liabilities and stockholders' equity$85,621$70,711


Graham Corporation Third Quarter Fiscal 2009
Condensed Consolidated Statements of Cash Flows
(Dollar amounts in thousands)
(Unaudited)
Nine Months Ended
December 31,
20082007
(Amounts in thousands)
Operating activities:
Net income$13,886$10,843
Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation and amortization826706
Discount accretion on investments(371)(693)
Stock-based compensation expense315125
Loss on disposal of property, plant and equipment2-
Deferred income taxes1,1783,035
(Increase) decrease in operating assets:
Accounts receivable(3,365)4,248
Unbilled revenue208507
Inventories(222)173
Income taxes receivable/payable884(687)
Prepaid expenses and other current and non-current assets(358)(376)
Prepaid pension asset(3,630)(2,028)
Increase (decrease) in operating liabilities:
Accounts payable(1,483)(1,866)
Accrued compensation, accrued expenses and other current and(531)214
non-current liabilities
Customer deposits821,745
Long-term portion of accrued compensation, accrued pension2468
liability and accrued postretirement benefits
Net cash provided by operating activities7,44516,014
Investing activities:
Purchase of property, plant and equipment(1,193)(659)
Proceeds from sale of property, plant and equipment144
Purchase of investments(102,550 )(65,271 )
Redemption of investments at maturity96,45049,750
Net cash used by investing activities(7,292)(16,136 )
Financing activities:
Proceeds from issuance of long-term debt2,45069
Principal repayments on long-term debt(2,471)(97)
Issuance of common stock695970
Dividends paid(557)(344)
Excess tax deduction on stock awards1,6961,198
Other(10)39
Net cash provided by financing activities1,8031,835
Effect of exchange rates on cash16130
Net increase in cash and cash equivalents2,1171,743
Cash and cash equivalents at beginning of period2,1121,375
Cash and cash equivalents at end of period$4,229$3,118


Graham Corporation Third Quarter Fiscal 2009
Additional Information
ORDER AND BACKLOG TREND
($, in millions)
Q108Q208Q308Q408FY 2008Q109Q209Q3099-Months
FY2009
6/30/079/30/0712/31/073/31/083/31/086/30/089/30/0812/31/0812/31/08
Orders$ 24.9$ 20.5$ 26.6$ 35.1$ 107.1$ 27.8$ 17.5$ 8.1$ 53.4
Backlog$ 59.2$ 56.8$ 63.0$ 75.7$ 75.7$ 76.0$ 69.7$ 52.5$ 52.5


SALES BY INDUSTRY FISCAL 2009
($, in millions)
Q109%Q209%Q309%9-Months%
FY2009
6/30/08Total9/30/08Total12/31/08Total12/31/08Total
Refining$14.452%$11.147%$11.346%$36.848%
Chem/ Petrochemical$5.319%$6.427%$6.627%$18.324%
Power$1.35%$2.08%$1.56%$4.86%
Other$6.624%$4.418%$5.321%$16.422%
Total$27.6$23.9$24.7$76.3


SALES BY INDUSTRY FISCAL 2008
($, in millions)
Q108%Q208%Q308%Q408%FY 2008%
6/30/07Total9/30/07Total12/31/07Total3/31/08Total3/31/08Total
Refining$9.748%$12.052%$7.838%$7.533%$37.043%
Chem/ Petrochemical$4.623%$6.528%$8.542%$7.332%$26.931%
Power$0.84%$0.42%$0.11%$0.10%$1.42%
Other$4.925%$4.218%$4.119%$7.935%$21.124%
Total$20.0$23.1$20.5$22.8$86.4


SALES BY REGION FISCAL 2009
($, in millions)
Q109%Q209%Q309%9-Months%
FY 2009
6/30/08Total9/30/08Total12/31/08Total12/31/08Total
North America$20.976%$17.071%$16.667%$54.471%
Middle East$2.07%$3.013%$2.811%$7.810%
Asia$3.011%$1.04%$3.715%$7.810%
Other$1.76%$2.912%$1.67%$6.39%
Total$27.6$23.9$24.7$76.3


SALES BY REGION FISCAL 2008
($, in millions)
Q108%Q208%Q308%Q408%FY 2008%
6/30/07Total9/30/07Total12/31/07Total3/31/08Total3/31/08Total
North America$11.759%$17.877%$11.255%$12.053%$52.761%
Middle East$4.221%$0.52%$1.68%$3.716%$10.011%
Asia$2.512%$2.19%$3.919%$4.319%$12.815%
Other$1.68%$2.712%$3.818%$2.812%$10.913%
Total$20.0$23.1$20.5$22.8$86.4


SOURCE: Graham Corporation

Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com


Copyright Business Wire 2009
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Soapy Bubbles Soapy Bubbles 16 years ago
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PremierStocks PremierStocks 16 years ago
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Soapy Bubbles Soapy Bubbles 16 years ago
LOL Agreed. But it's a nice long w/ a respectable OS. I also have 4 other boxes. to build...ugh.
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Needed this in April...
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Soapy Bubbles Soapy Bubbles 16 years ago
Graham Corporation Awarded $10 Million in International Refinery Orders

Graham Corporation (AMEX: GHM) announced today that it has been awarded orders valued at over $10 million for two ejector systems and three surface condensers to be installed in four international oil refineries located in South Korea, China, Malaysia and Russia.

South Korean Refinery Expansion The first order is for an ejector system to be installed in a South Korean oil refinery that is expanding its capacity to process more plentiful and lower-priced heavy crude oil. It is the second ejector system that Graham will supply to this end user. The user’s previous system was shipped by Graham in early 2007. A portion of the ejector system fabrication will be outsourced to a local manufacturer, with the balance produced in Graham’s Batavia, New York facility. The ejector system is scheduled for shipment in the first quarter of fiscal 2010, which ends June 30, 2009.

Malaysia Refinery Revamp The second order is for an ejector system to be installed in a Malaysian oil refinery that is revamping and upgrading its existing equipment in order to expand performance and increase capacity. The equipment will replace a Graham ejector system that was originally supplied in the late 1990’s. Graham’s ability to deliver the ejector system according to the customer’s timeline is crucial, as the refiner has a planned shut-down period to upgrade the facility. The system is scheduled for shipment in the fourth quarter of fiscal 2009, which ends March 31, 2009.

Chinese and Russian Oil Refinery Orders A U.S. based turbomachinery original equipment manufacturer, or OEM, placed two orders for a total of three steam surface condensers. Two of the ordered surface condensers will be installed in a Chinese oil refinery expanding production of transportation fuels. The third surface condenser will support a hydrocracking process of crude oil at an existing oil refinery located in Russia. The condenser systems are scheduled to be manufactured in Graham’s Batavia, New York facility and are scheduled for shipment in the second quarter of fiscal 2010, which ends September 30, 2009.

James R. Lines, Graham’s President and Chief Executive Officer, commented, “The global need to increase transportation fuel processing capacity and upgrade existing facilities to process a wider variety of crude oil feedstock is continuing to provide us opportunities to grow. The Graham brand is well-regarded in the international refinery and petrochemical markets, and the increase in projects is leading to a much larger installed base of Graham equipment around the world.” ABOUT GRAHAM CORPORATION With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a global designer, manufacturer and supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers. Over the past 72 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. Sold either as components or complete system solutions, the principal markets for Graham’s equipment are the petrochemical, oil refining and electric power generation industries, including cogeneration and geothermal plants. Graham's equipment can be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning.

Graham Corporation’s reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. More information regarding Graham can be found at its website: www.graham-mfg.com.

Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to certain risks, uncertainties and assumptions. These risks and uncertainties, which are more fully described in Graham's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include but are not limited to Graham’s ability to successfully execute the contracts, that the estimated value of the production contracts will be realized, customer preferences and changes in market conditions in the industries in which Graham operates and its ability to achieve its announced goals and objectives. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated.
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