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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.
Revenue by Segment
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%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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