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Sep 30, 2023
Graham Q2 2024 Earnings Report
Graham Corporation experienced sales growth and improved profitability in the second quarter of fiscal 2024.
Key Takeaways
Graham Corporation reported an 18% increase in sales for the second quarter of fiscal 2024, driven by a 69% increase in defense market revenue. The company achieved net income of $0.4 million and adjusted net income of $1.4 million. Aftermarket sales to the refining and petrochemical markets were a record $10.8 million, up 74%.
Second quarter sales increased by 18%, driven by a 69% rise in defense market revenue.
Gross profit increased by $1.9 million, or 36%, due to better project mix, improved pricing, and execution.
Net income reached $0.4 million, with adjusted net income improving to $1.4 million.
Aftermarket sales to refining and petrochemical markets hit a record $10.8 million, up 74%.
Revenue by Segment
Forward Guidance
The Company guidance for fiscal 2024 remains unchanged from previous guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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