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May 31, 2013, 10:34 AMGraham (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. | Comment!
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Graham Corpdesigns, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. It alsodesigns and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems.
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