Business UpdateJun 8, 2026, 07:36 AM
Graham Corp Acquires Xdot and FlackTek; Backlog Increases
AI Summary
Graham Corporation, a leader in mission-critical fluid, power, heat transfer, vacuum, and advanced mixing technologies, filed its 10-K report. The company highlighted two significant acquisitions in fiscal year 2026: Xdot Bearing Technologies, focused on foil bearing technology, and FlackTek, a provider of advanced mixing solutions. The report also detailed a substantial increase in backlog and a strategic shift towards Defense industry sales, which now represent 60% of total revenue.
Key Highlights
- Graham Corporation acquired Xdot Bearing Technologies on October 20, 2025, integrating it into Barber-Nichols, LLC.
- Graham Corporation acquired FlackTek Manufacturing and FlackTek Sales on January 23, 2026, enhancing its advanced mixing solutions.
- The company's funded and unfunded backlog was $532.6 million at March 31, 2026, up from $412.3 million at March 31, 2025.
- Domestic sales accounted for approximately 85% of total sales in fiscal 2026, with Defense industry sales at 60%.
- Research and Development spending was $6.4 million in fiscal 2026, $4.0 million in fiscal 2025, and $3.9 million in fiscal 2024.
Price Impact
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