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Stock impact report

Graham Corporation Reports Fiscal 2020 Third Quarter and Year-to-Date Results

Graham Corporation (GHM) 
NASDAQ:AMEX Investor Relations: graham-mfg.com/investor-relations-contacts
Company Research Source: Business Wire
Third quarter revenue of $25 million; third quarter orders of $20 millionBacklog remains strong at $123 million as of December 31Reiterating fiscal 2020 revenue guidance of 20% to 26% growth and revising gross margin to between 21% and 22% BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and defense industries, today reported financial results for its third quarter and nine months ended December 31, 2019. Graham’s current fiscal year ends March 31, 2020 (“fiscal 2020”).Net sales in the third quarter of fiscal 2020 were $25.3 million compared with $17.2 million in the third quarter of the fiscal year ended March 31, 2019 (“fiscal 2019”). This year’s third quarter net income and earnings per share (“EPS”) were breakeven. Last year’s third quarter net income and EPS were $0.1 million and $0.01, respectively. Excluding the business of Graham’s commercial nuclear Show less Read more
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