Last $23.43 USD
Change Today +0.13 / 0.56%
Volume 73.9K
GHM On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

graham corp (GHM) Snapshot

Open
$23.25
Previous Close
$23.30
Day High
$23.45
Day Low
$22.94
52 Week High
03/6/14 - $36.54
52 Week Low
01/30/15 - $20.58
Market Cap
237.3M
Average Volume 10 Days
62.3K
EPS TTM
$1.27
Shares Outstanding
10.1M
EX-Date
02/13/15
P/E TM
18.4x
Dividend
$0.32
Dividend Yield
0.86%
Current Stock Chart for GRAHAM CORP (GHM)

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graham corp (GHM) Details

Graham Corporation, together with its subsidiaries, designs, manufactures, and sells heat transfer and vacuum equipment worldwide. It offers heat transfer equipment, including surface condensers, Heliflows, water heaters, and various types of heat exchangers; and vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps. The company also services and sells spare parts for its equipment; and offers supplies and components for use inside the reactor vessel and outside the containment vessel of nuclear power facilities. Its products are used in the chemical, petrochemical, petroleum refining, and electric power generating industries for a range of industrial process applications. 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.

389 Employees
Last Reported Date: 06/4/14
Founded in 1936

graham corp (GHM) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $350.2K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: $247.2K
Vice President of Operations
Total Annual Compensation: $211.2K
Chief Accounting Officer and Controller
Total Annual Compensation: $154.5K
Compensation as of Fiscal Year 2014.

graham corp (GHM) Key Developments

Graham Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Provides Earnings Guidance for Fiscal 2015

Graham Corporation reported unaudited consolidated earnings results for its third quarter and nine months ended December 31, 2014. Net sales in the third quarter of fiscal 2015 were $33.6 million, up 44% from net sales of $23.4 million in the third quarter of the fiscal year ended March 31, 2014. Net income in the quarter was $4.0 million, or $0.39 per diluted share, compared with $0.14 in the prior year's quarter. EBITDA in the current quarter was $6.2 million, or 18% of sales, compared with $2.5 million, or 11% of sales, in the same period of the prior fiscal year. Cash provided by operations in the third quarter and first nine months of fiscal 2014 was $10.3 million and $14.6 million, respectively. Income before provision for income taxes was $5,668,000 against $2,009,000 a year ago. For the nine months, net sales were $97.7 million, up 28% from the same prior-year period. Year-to-date sales are more heavily weighted toward domestic because opportunities this year at 64% domestic, 36% international, compared with 57% domestic and 43% international last year. Net income was $10.6 million, or $1.04 per diluted share, in the first nine months of fiscal 2015, representing a net income improvement of $2.7 million, or $0.26 per diluted share, from the same prior-year period of $7.8 million, or $0.78 per diluted share. EBITDA in the first nine months of fiscal 2015 was $17.2 million, or 18% of sales, compared with $13.1 million, or 17% of sales, in the same prior-year period. Income before provision for income taxes was $15,566,000 against $11,473,000 a year ago. Cash used by operations in the third quarter of fiscal 2015 was $1 million, while cash provided by operations in the first nine months of fiscal 2015 was $7.5 million. The decrease in cash provided by operations in the third quarter of fiscal 2015 reflects the timing of collections on accounts receivable and unbilled revenue related to project progress. Capital expenditures were $5 million in the first nine months of fiscal 2015, up from $2.2 million in the prior-year's nine-month period. Capital expenditures in fiscal 2015 are expected to be between $5.5 million and $6 million, as previously disclosed. Approximately 60% of the expected fiscal 2015 capital spending is for the company's Batavia, New York facility expansion, which was completed during the second quarter of fiscal 2015. For fiscal 2015, the company expects sales to be in the upper half of the previously provided range of $125 million to $130 million. The company now expects its fiscal 2015 full year effective tax rate to be approximately 32% to 33%, lowered due to the impact of the retroactive U.S. research and development tax credit which was reinstated in December 2014. Gross margin will be between 30% and 31% for the full year.

Graham Corporation Doubles Quarterly Cash Dividend, Payable on March 4, 2015

Graham Corporation announced that its Board of Directors has declared a 100% increase in the company's regular quarterly dividend. The quarterly dividend has been doubled to $0.08 per share from $0.04 per share. The annual dividend rate has accordingly been increased to $0.32 per share. The announced quarterly dividend is payable on March 4, 2015 to stockholders of record at the close of business on February 18, 2015.

Graham Mulls Acquisitions

Graham Corporation (NYSE:GHM) is looking for acquisitions. James R. Lines, President and Chief Executive Officer of Graham Corporation said, "I believe that this third consecutive dividend increase and the stock repurchase program are indicative of Graham's strong cash generation capabilities as well as a statement of the Board's confidence in the long-term outlook for our Company.Because of our strong balance sheet and expectations of continued solid performance, we expect to be able to retain the financial flexibility to fund acquisitions and invest in organic growth while providing a meaningful return of capital to our shareholders."

 

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Industry Analysis

GHM

Industry Average

Valuation GHM Industry Range
Price/Earnings 18.3x
Price/Sales 1.9x
Price/Book 2.0x
Price/Cash Flow 18.0x
TEV/Sales 1.4x
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