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Last $20.11 USD
Change Today -0.14 / -0.69%
Volume 14.5K
As of 1:45 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

graham corp (GHM) Snapshot

Open
$20.00
Previous Close
$20.25
Day High
$20.29
Day Low
$20.00
52 Week High
07/7/14 - $35.11
52 Week Low
06/25/15 - $19.82
Market Cap
204.5M
Average Volume 10 Days
53.9K
EPS TTM
$1.56
Shares Outstanding
10.2M
EX-Date
06/9/15
P/E TM
12.9x
Dividend
$0.32
Dividend Yield
1.19%
Current Stock Chart for GRAHAM CORP (GHM)

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graham corp (GHM) Details

Graham Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of heat transfer and vacuum equipment for the chemical, petrochemical, refining, energy, defense, and electric power generating industries worldwide. The company offers heat transfer equipment, including surface condensers, Heliflows, water heaters, and various types of heat exchangers; and vacuum equipment consisting of steam jet ejector vacuum systems and liquid ring vacuum pumps. It also services and sells spare parts for its equipment; and supplies components used inside reactor vessels and outside containment vessels of nuclear power facilities. The company sells its products directly, as well as through independent sales representatives. Graham Corporation was founded in 1936 and is headquartered in Batavia, New York.

397 Employees
Last Reported Date: 06/2/15
Founded in 1936

graham corp (GHM) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $360.7K
Chief Financial Officer and Vice President of...
Total Annual Compensation: $254.6K
Vice President of Operations
Total Annual Compensation: $217.5K
Chief Accounting Officer and Controller
Total Annual Compensation: $159.1K
Compensation as of Fiscal Year 2015.

graham corp (GHM) Key Developments

Graham Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015; Provides Earnings Guidance for the Fiscal Year 2016

Graham Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported net sales of $37,455,000 compared to $26,087,000 a year ago. Operating profit was $6,139,000 compared to $3,177,000 a year ago. Income before provision for income taxes was $6,186,000 compared to $3,237,000 a year ago. Net income was $4,165,000 or $0.41 per basic and diluted share compared to $2,317,000 or $0.23 per basic and diluted share a year ago. Adjusted net income was $5,329,000 or $0.53 per diluted share compared to $2,317,000 or $0.23 per diluted share a year ago. Adjusted EBITDA was $8,433,000 compared to $3,730,000 a year ago. For the year, the company reported net sales of $135,169,000 compared to $102,218,000 a year ago. This level of solely organic revenue expansion is a result of the early investments made in workforce capabilities and capacity, capital investments to expand production facilities and add modern machine tools and welding equipment. Operating profit was $21,574,000 compared to $14,617,000 a year ago. Income before provision for income taxes was $21,752,000 compared to $14,710,000 a year ago. Net income was $14,735,000 or $1.45 per diluted share compared to $10,145,000 or $1.00 per diluted share a year ago. Net cash provided by operating activities was $6,279,000 compared to $15,230,000 a year ago. This were lower primarily due to timing of collections on accounts receivable and unbilled revenue. Purchase of property, plant and equipment was $5,300,000 compared to $5,263,000 a year ago. Adjusted net income was $15,899,000 or $1.57 per diluted share compared to $10,145,000 or $1.00 per diluted share a year ago. Adjusted EBITDA was $25,600,000 compared to $16,816,000 a year ago. The strong results in fiscal 2015 are a testament to all Graham employees who has a team performed quite admirably. Capital expenditures in fiscal year 2016 are expected to be between $2 million and $2.5 million, primarily for equipment upgrades and productivity. For fiscal 2016, the company expects sales to be in the range of $95 million to $105 million. Gross margin for fiscal 2016 is expected to be between 26% and 28%, resulting from anticipated lower production facility utilization and increased pricing pressure. The company expects its fiscal 2016 full year effective tax rate to be approximately 32% to 33%. This guidance for fiscal 2016 reflects the impact of third and fourth quarter depressed orders from the refining and chemical industries, the effects of $5.9 million of backlog that had been planned for 2016 that was canceled, along with approximately $10 million of backlog, where conversion to revenue has been pushed to 2017 at the request of customers.

Graham Corporation Seeks Acquisitions

Graham Corporation (NYSE:GHM) is looking for acquisition opportunities. Jeff Glajch, Chief Financial Officer, Vice President of Finance and Admin of Graham, said, "The doubling of our dividend in January and the availability of a share repurchase plan is further evidence of our confidence in long-term cash flow. Despite the use of cash for these activities in the future, this will not have any impact on our ability to continue to reinvest in our organic business as needed as well as funding potential acquisition opportunities."

Graham Corporation Declares Quarterly Cash Dividend, Payable on June 25, 2015

Graham Corporation announced that its Board of Directors, at its regular meeting, declared a quarterly cash dividend of $0.08 per common share. The dividend will be payable June 25, 2015 to stockholders of record at the close of business on June 11, 2015.

 

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Industry Analysis

GHM

Industry Average

Valuation GHM Industry Range
Price/Earnings 13.9x
Price/Sales 1.5x
Price/Book 1.8x
Price/Cash Flow 13.8x
TEV/Sales 1.1x
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