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Graham Corporation (GHM)

- NYSE
  • May 31, 2013, 10:34 AM
    Graham (GHM -1.3%) slips this morning as the vacuum and heat transfer equipment company reported FQ4 earnings beat Street estimates, but gave a cautious outlook going forward. Increased refining shipments drove a slight 1.7% rise in total revenue for the quarter, but orders declined by 58% Y/Y. Backlog also slid to $85.8M, compared with $90.7M Q/Q and $94.9M Y/Y, respectively. Looking forward, the company expects FY14 revenues to be $100M- $115M, below the Street view of $118.65M.
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Company Description
Graham Corp designs, manufactures and sells critical equipment for the energy industry which includes the oil refining, petrochemical, as well as cogeneration, nuclear and alternative power markets.