|Over a month ago |
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Graham rises 10.4% » 09:4702/0602/06/23
Graham is up 10.4%, or…
Graham is up 10.4%, or $1.13 to $12.00.
Graham raises FY23 revenue view to $145M-$155M, one estimate $141.22M » 06:4802/0602/06/23
Tightens FY23 adjusted…
Tightens FY23 adjusted EBITDA range to between $7.5M-$8.5M.
Graham reports Q3 adjusted EPS 8c vs. (27c) a year ago » 06:4702/0602/06/23
Reports Q3 revenue $39.9M…
Reports Q3 revenue $39.9M vs. $28.8M a year ago. Daniel Thoren, President and CEO, commented, "Our third quarter results reflect solid execution and demonstrate continual steady progress as we increase our sales and improve profitability. We have built a strong backlog of defense business, as we strengthen our position in commercial aftermarket and increase our presence in the growing space industry. We believe we are also now better prepared to take advantage of a rebound in demand from our commercial refining and petrochemical markets. Importantly, our operations are finding a rhythm to deliver to plan while we expand in areas where we expect more growth." He added, "While orders in the quarter of $20 million were soft, we believe it is primarily due to timing and a reflection of the general ebb and flow of large projects being released. The trailing twelve-month orders of $175.5 million and 114% book-to-bill ratio are a better representation of our growth and future potential. This is especially true given the large value of repeat orders we have received for critical U.S. Navy projects which we believe validates our position as a key supplier for the defense industry."
|Over a quarter ago|
Graham reports $92M in orders for Q2 » 16:1710/2410/24/22
Graham Corporation announced a record $92M in orders for its second quarter of fiscal 2023. The second quarter order level was driven by: $70M from the defense industry driven by repeat orders for critical U.S. Navy programs. Revenue from second quarter fiscal 2023 defense orders is expected to be recognized from fiscal 2024 through fiscal 2026; $9M for petroleum refining, primarily related to the commercial aftermarket; $4M of orders for highly engineered pumps and turbo pumps for a variety of applications and customers in the commercial space industry. "Our record level of orders in the second quarter reflects our continued expansion into the defense business and the success we have had meeting our customers' requirements. We believe this is a testament to our engineering know-how, improved execution, and long-standing relationship with the U.S. Navy to provide mission critical systems for high-profile programs," commented Daniel J. Thoren, President and CEO. "From an operational perspective, we have invested considerable time and capital to meet critical deliveries for the U.S. Navy, demonstrating that we are a supplier they can count on. Beyond defense, demand for our products in the second quarter of 2023 has been solid in our other markets. Of note, the commercial space and commercial aftermarket industries continue to recognize the value of our innovative solutions and engineering services."
Graham rises 15.5% » 10:0007/2907/29/22
Graham is up 15.5%, or…
Graham is up 15.5%, or $1.02 to $7.62.
Graham awarded $40.3M in orders in Q1 » 07:0607/2907/29/22
Graham announced that it…
Graham announced that it was awarded $40.3M in orders during its Q1. Within the $40.3M of total orders, there were several orders and trends noteworthy of mention: $10.0M for commercial aftermarket; $7.3M of combined pump/turbo pump orders to multiple customers in the space industry; $7.0M for vacuum distillation systems for a refinery in India; $5.6M of combined orders for critical U.S. Navy submarine and carrier programs. Daniel J. Thoren, President and CEO, commented, "We are truly excited about the breadth and diversity we are seeing in our backlog and order pipeline. We are engineering experts in complex fluid, power, heat transfer and vacuum systems and this expertise is being recognized in more growth-oriented markets of defense, space and alternative energy, which augments our global energy and process businesses."
Stantec awarded engineering during construction of water treatment plant » 06:5906/2306/23/22
AEGXF, STN, GHM
Stantec (STN) has been…
Stantec (STN) has been awarded the engineering during construction, and commissioning portions of the Buffalo Pound Water Treatment Plant Renewal Project in Saskatchewan, as part of the Graham (GHM) -Aecon (AEGXF) Joint Venture. Together with its partners Graham, Aecon, and Associated Engineering, Stantec led the engineering design of the $273M comprehensive upgrade to the BPWTP, using the progressive design-build delivery model. This is the first time this delivery model has been employed in Canada for water infrastructure. The project is now proceeding with construction. It will deliver an upgraded water treatment plant for 260,000 customers. Stantec will be involved in construction inspections as well as start-up and commissioning activities. The project is expected to be complete in 2025.