Quarterly ResultAug 6, 2026, 07:38 AM
Graham Corp Q1 Net Sales Up 28.6% to $71.3M; EPS $0.33; $50M Stock Issuance
AI Summary
Graham Corp reported a significant increase in net sales for the first quarter of fiscal 2027, reaching $71.3 million, a 28.6% rise year-over-year. However, net income decreased by 14.9% to $3.9 million, resulting in diluted earnings per share of $0.33, down from $0.42 in the prior year. The company raised $50 million through a common stock issuance, using $13 million to repay debt and planning to use the remainder for future growth opportunities.
Key Highlights
- Net sales increased 28.6% to $71.3 million for Q1 2027.
- Net income decreased 14.9% to $3.9 million for Q1 2027.
- Diluted EPS was $0.33 for Q1 2027, down from $0.42.
- Gross profit rose to $17.8 million from $14.7 million year-over-year.
- Issued common stock for $50 million gross proceeds.
- Repaid $13 million in debt obligations.
- Cash and cash equivalents increased to $26.9 million at quarter-end.
- Backlog (unsatisfied performance obligations) was $557.2 million.
Price Impact
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