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Dec 31, 2022
Graham Q3 2023 Earnings Report
Graham Corporation reported a revenue of $39.9 million for the third quarter fiscal 2023, reflecting solid execution on strong demand from defense, refining aftermarket and space markets.
Key Takeaways
Graham Corporation's Q3 2023 results showed strong execution with a 39% increase in sales to $39.9 million. The company achieved net income of $368 thousand, or $0.03 per diluted share, and generated $9 million in cash. They also reduced debt by $5 million and raised fiscal year 2023 revenue guidance to $145 million to $155 million.
Third quarter sales increased 39% to $39.9 million, driven by demand from defense, refining aftermarket, and space markets.
Net income reached $368 thousand, or $0.03 on a per diluted share basis.
Generated $9 million in cash during the quarter, including customer deposits for materials on large defense projects.
Reduced debt by $5 million, lowering the bank leverage ratio to 2.5x debt to adjusted EBITDA.
Graham
Graham
Graham Revenue by Segment
Revenue by Segment
Defense Revenue
CapyFin.com Forward Guidance
GHM updated its guidance for fiscal 2023 with revenue expected to be between $145 million and $155 million.