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Mar 31, 2022
Graham Q4 2022 Earnings Report
Graham Corporation reported an increase in revenue and a net loss for the fourth quarter of fiscal year 2022.
Key Takeaways
Graham Corporation reported a 55% increase in revenue to $39.7 million for the quarter, driven by the Barber-Nichols acquisition and strong aftermarket sales. However, the company recorded a net loss of $1.4 million due to challenges in the defense business at Graham's Batavia operations.
Revenue increased 55% to $39.7 million in the quarter.
Defense industry revenue was $18.7 million, representing 47% of total revenue.
Barber-Nichols acquisition contributed $14.6 million of orders in the quarter.
Net loss for the fourth quarter was $1.4 million.
Revenue by Segment
Forward Guidance
Graham Corporation expects fiscal 2023 revenue to grow to $135 million to $150 million and adjusted EBITDA to increase to $6.5 million to $9.5 million.
Positive Outlook
- Revenue in fiscal 2023 is expected to be $135 million to $150 million.
- Gross margins of approximately 16% to 17% are expected.
- Adjusted EBITDA for fiscal 2023 is expected to be approximately $6.5 million to $9.5 million.
- The Company expects the first quarter of fiscal 2023 to remain challenging and for results to improve as the year progresses.
- Capital expenditures for fiscal 2023 are expected to be $4.5 million to $5.5 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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