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Sep 30, 2020
Graham Q2 2021 Earnings Report
Reported sales growth and positive earnings per share.
Key Takeaways
Graham Corporation reported strong second-quarter results, driven by increased defense industry sales and improved efficiencies. Sales grew to $28 million, resulting in earnings per share of $0.27. The company's backlog improved sequentially to $114.9 million, and revenue guidance for the fiscal year was increased to $93 million to $97 million.
Sales increased to $28 million, driven by strong defense industry sales.
Earnings per share reached $0.27.
Orders for the quarter were $35.0 million, and backlog improved to $114.9 million.
Revenue guidance for fiscal year 2021 was raised to $93 million to $97 million.
Graham
Graham
Graham Revenue by Segment
Revenue by Segment
Defense Revenue
CapyFin.com Forward Guidance
Graham Corporation increased its revenue guidance for fiscal 2021 and raised expectations for gross margin while tightening the range for SG&A expense.
Positive Outlook
- Revenue between $93 million and $97 million
- Gross margin between 21% and 23%
- SG&A expense between $17.0 million and $17.5 million
- Effective tax rate of approximately 22%