GRAHAM CORP

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.

Graham Corporation reported its first quarter fiscal 2027 results, achieving record net sales of $71.3 million, a 29% increase year-over-year, and a record backlog of $557.2 million. Adjusted net income per diluted share rose to $0.49, and Adjusted EBITDA increased by 28% to $8.8 million. However, GAAP net income per diluted share decreased to $0.33. The company also strengthened its balance sheet with $27.0 million in cash and no outstanding debt, following a $50.0 million investment and debt repayment. Full-year fiscal 2027 guidance was reaffirmed.

Graham Corporation announced its 2026 Annual Meeting of Stockholders will be held virtually on August 25, 2026, at 9:00 a.m. Eastern Time. Stockholders of record as of June 26, 2026, are eligible to vote on the election of three director nominees, an advisory vote on executive compensation, and the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2027. The meeting will be accessible online via www.proxydocs.com/GHM.

Graham Corporation has released materials for its 2026 Investor Day, outlining its strategic direction and targets for the upcoming years. The company is entering its 'Improve to Growth' phase, focusing on investing in advanced technologies and driving financial performance across its Defense, Space, and Energy & Process segments. Key initiatives include expanding content on strategic Navy platforms, capitalizing on space commercialization trends, and modernizing legacy energy solutions. The Materials Processing segment (FlackTek) is also expected to contribute significantly to future revenue and EBITDA.

Graham Corporation announced that Daniel J. Thoren stepped down as Executive Chairman and director, effective June 15, 2026, as part of a planned executive transition. Mr. Thoren will continue as a Strategic Advisor until June 2027, focusing on business development initiatives and receiving an annual base salary of $150,000, with his unvested equity awards continuing to vest. Concurrently, Jonathan W. Painter was appointed Chairman of the Board of Directors, reassuming a role he held until June 2025. Additionally, Alan E. Smith, former Vice President and General Manager of Graham Manufacturing, also transitioned to a Strategic Advisor role with a $150,000 annual base salary.

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.

Graham Corporation announced record fourth quarter and full-year fiscal 2026 results, with revenue increasing 13% and 17% respectively. The company achieved a record backlog of $532.6 million and a book-to-bill ratio of 1.5x, driven by strong demand across its core markets. Key strategic moves included the acquisition of FlackTek and a $50 million investment from T. Rowe Price. Graham also provided positive fiscal 2027 guidance, projecting continued growth in net sales and Adjusted EBITDA.

Graham Corporation's Compensation Committee renewed and amended its Fiscal 2027 Annual Long-Term Incentive Award Plan and Annual Executive Cash Bonus Program. The company approved grants of time-vesting restricted stock units (RSUs) and performance-vesting restricted stock units (PSUs) to named executive officers, with specific allocations for Matthew Malone, Daniel J. Thoren, and Christopher J. Thome. Additionally, non-employee directors each received 905 RSUs. The cash bonus program sets target levels and performance goal weightings for Fiscal 2027.

Graham Corporation has entered into a Securities Purchase Agreement to sell 599,808 shares of its common stock at a price of $83.36 per share. This private placement (PIPE) will generate aggregate gross proceeds of $50 million for the company. The shares are being sold to certain accounts advised by T. Rowe Price Investment Management, Inc., with the closing expected around April 16, 2026. The company also committed to filing a registration statement for these shares with the SEC.