Graham Corp (NYSE:GHM)
$ 41.59 0.87 (2.14%) Market Cap: 452.97 Mil Enterprise Value: 428.90 Mil PE Ratio: 92.42 PB Ratio: 4.18 GF Score: 75/100
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Q2 2025 Graham Corp Earnings Call Transcript

Nov 8, 2024 / 04:30 PM GMT
Release Date Price: $39.07 (+17.05%)

Key Points

Positve
  • Graham Corp (GHM) reported record revenue of $53.6 million, marking a 19% increase, highlighting robust demand across its markets.
  • The company achieved significant margin expansion, with gross margin improving by 790 basis points to nearly 24% of sales.
  • Graham Corp (GHM) operates from a position of financial strength with no debt and over $32 million in cash, along with access to an additional $43 million through its revolving credit facility.
  • The company launched its next-gen steam ejector nozzle, marking a significant milestone with an estimated market opportunity exceeding $50 million over the next 5 to 10 years.
  • Graham Corp (GHM) raised its full-year guidance for both gross margin and adjusted EBITA, indicating strong future growth prospects.
Negative
  • Aftermarket sales were down compared to last year's record levels, although they remain strong.
  • The company faces potential challenges from supply chain issues in navy ship and submarine production, although it sees opportunities to capture additional work.
  • SG&A expenses increased by $2.8 million over the prior year, primarily due to strategic investments in operations, personnel, and technology.
  • The company anticipates a seasonally lighter third quarter revenue due to holidays and direct labor vacations.
  • Capital expenditures are expected to remain elevated at around 7 to 10% of sales for the next several years to meet long-term growth objectives.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GHM.N - Graham Corp
Q2 2025 Graham Corp Earnings Call
Nov 08, 2024 / 04:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Graham Corporation second quarter, fiscal year 2025 financial results conference call at this time. All participants are in listen-only mode, question and answer session will follow today's formal presentation.

If anyone on the call should require operator assistance, please press star zero from your telephone keypad.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce Deborah Pulaski Investor relations for Graham Corporation. Thank you. You may now begin.

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Unidentified_2 [2]
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