Graham Corporation Reports Expanded Margins on Sales Growth of 18% to a Record $185.5 Million for Fiscal 2024
Graham Corporation (GHM)
NASDAQ:AMEX Investor Relations:
graham-mfg.com/investor-relations-contacts
Company Research
Source: Business Wire
Fourth Quarter 2024 Results Demonstrated Ongoing Progress in Driving Growth and Expanding MarginsRevenue Grew 14% to $49.1 Million Driven by Strength in Defense and AftermarketGross Margin Expanded 930 Basis Points to 25.9% and Achieved Operating Margin of 3.1% Compared With an Operating Loss in the Prior-Year PeriodStrengthened Margins Drove Measurably Improved Earnings: Net Income Was $1.3 Million; Adjusted Net Income1 was $1.6 Million and Adjusted EBITDA1 was $3.0 Million or 6.0% of SalesFiscal 2024 Results Validate the Effectiveness of Graham’s Strategic Growth and Profitability Initiatives, Furthering Its Progress Toward Long-Term GoalsSales Growth of 18% Was Largely Organic and Driven by Defense Projects and Aftermarket DemandGross Margin Expanded 570 Basis Points to 21.9%Net Income was $4.6 Million Compared With $0.4 Million in Prior Fiscal Year; Achieved Adjusted EBITDA1 of $13.3 Million or 7.2% of SalesPaid off Full Debt Balance of $12.5 Million During the YearReceived Full Y
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News
- Graham Co. (NYSE: GHM) is now covered by analysts at Noble Financial. They set an "outperform" rating and a $35.00 price target on the stock.MarketBeat
- Graham Corporation Reports Expanded Margins on Sales Growth of 18% to a Record $185.5 Million for Fiscal 2024 [Yahoo! Finance]Yahoo! Finance
- Graham Corporation to Present at the Sidoti Small-Cap Virtual ConferenceBusiness Wire
- Graham Co. (NYSE: GHM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Graham Corporation Receives $17 Million of Orders to Support Energy and Petrochemical Expansion Projects in North America and the Middle East [Yahoo! Finance]Yahoo! Finance
GHM
Earnings
- 2/5/24 - Beat
GHM
Sec Filings
- 6/21/24 - Form 11-K
- 6/20/24 - Form 8-K
- 6/10/24 - Form 8-K
- GHM's page on the SEC website