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News: $GHM Graham Corporation Provides Third Quarter Revenue Estimate and Updates Fiscal 2019 Revenue Expectations
Preliminary third quarter revenue of approximately $17 million to $17.4 million Timing of backlog conversion in second half results in updating fiscal 2019 annual revenue expectations to between $90 million and $95 million, a 16% to 22% increase over prior year Conti...
Find out more https://marketwirenews.com/news-releases/graham-corporation-provides-third-quarter-revenue-estimate-and-updates-fiscal-2019-revenue-expectations-6827484.html
$GHM DD Notes ~ http://www.ddnotesmaker.com/GHM
bullish very long term
$GHM recent news/filings
## source: finance.yahoo.com
Wed, 29 Oct 2014 12:39:27 GMT ~ Graham Corporation Reports 45% Revenue Growth in Q2 FY 2015
[at noodls] - BATAVIA, NY, October 29, 2014 - Graham Corporation (NYSE MKT: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and power industries, including ...
read full: http://www.noodls.com/view/5F530617D442590B10D6709C9F02E5A454425858
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Wed, 29 Oct 2014 12:01:12 GMT ~ GRAHAM CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial Statements and
read full: http://biz.yahoo.com/e/141029/ghm8-k.html
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Wed, 29 Oct 2014 10:59:00 GMT ~ 6:59 am Graham beats by $0.12, beats on revs; raises bottom end of FY14 revenue guidance range
read full: http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#ghm
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Wed, 29 Oct 2014 10:55:00 GMT ~ Graham Corporation Reports 45% Revenue Growth in Fiscal 2015 Second Quarter
[GlobeNewswire] - BATAVIA, N.Y. -- Graham Corporation , a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and power industries, including the supply of components ...
read full: http://finance.yahoo.com/news/graham-corporation-reports-45-revenue-105500837.html
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Tue, 28 Oct 2014 20:58:13 GMT ~ Graham Corporation Declares Quarterly Cash Dividend
[at noodls] - BATAVIA, NY, October 28, 2014 - Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and power industries, including ...
read full: http://www.noodls.com/view/B04EB0C007EB5390898CA279010FCF29471AE94A
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$GHM charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$GHM company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/GHM/company-info
Ticker: $GHM
OTC Market Place: Not Available
CIK code: 0000716314
Company name: Graham Corp.
Company website: http://www.graham-mfg.com
Incorporated In: DE, USA
$GHM share structure
## source: otcmarkets.com
Market Value: $331,292,982 a/o Oct 28, 2014
Shares Outstanding: 10,118,906 a/o Aug 01, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.1
$GHM extra dd links
Company name: Graham Corp.
Company website: http://www.graham-mfg.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/GHM/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/GHM/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=GHM+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=GHM+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=GHM+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/GHM/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/GHM/news - http://finance.yahoo.com/q/h?s=GHM+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/GHM/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/GHM/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/GHM/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/GHM/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/GHM/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/GHM/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/GHM/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/GHM/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=GHM+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/GHM
DTCC (dtcc.com): http://search2.dtcc.com/?q=Graham+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Graham+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Graham+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.graham-mfg.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.graham-mfg.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.graham-mfg.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/GHM/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/GHM
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/GHM/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/GHM/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/GHM/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000716314&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/GHM/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/GHM/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/GHM/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/GHM/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=GHM&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=GHM
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/GHM/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=GHM+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=GHM+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=GHM
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=GHM
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=GHM+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/GHM/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=GHM+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/GHM.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=GHM
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/GHM/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/GHM/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/GHM/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/GHM/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/GHM
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/GHM
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/GHM:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=GHM
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=GHM
$GHM DD Notes ~ http://www.ddnotesmaker.com/GHM
Pop :)
Graham Corporation Awarded $3 Million in Refinery Orders
Graham Corporation (NYSE Amex: GHM) a manufacturer of critical equipment for energy, petrochemical and other process industries, today announced that it has been awarded two orders from refinery customers totaling approximately $3 million
One order is for an upgrade to an existing Graham ejector system at a U.S. refinery that is being reengineered to expand the refiner’s capability to process a wider variety of crude feedstock. The order is expected to ship in the second quarter of Graham’s fiscal year 2011, which begins on April 1, 2010
The second order is for custom-engineered steam surface condensers to be installed at a large oil refinery currently under construction in the Middle East and is Graham’s third order related to this project. The two previous orders are currently in backlog. Shipment of the condensers is scheduled for the fourth quarter of fiscal year 2011. With this most-recent order, Graham has now received approximately $23 million in bookings from major refinery projects that are currently moving forward in the region, although the Company does not expect that additional significant orders will be released for the major refinery projects in that region for the next nine to 18 months
Graham’s total order activity for the third quarter of fiscal year 2010, which ended December 31, 2009, was approximately $51.6 million. Such amount represents orders received from a variety of markets, including refining, chemical processing, power generation and fertilizer for projects in China, Indonesia, Thailand, India, Mexico, Saudi Arabia and the United States. Included in the $51.6 million was a very large order, exceeding $25 million, from Northrop Grumman Shipbuilding for the supply of four steam surface condensers for the U.S. Navy's second aircraft carrier of the Gerald R. Ford class, the unnamed CVN 79. Revenue for the large order for the U.S. Navy aircraft carrier is expected to be recognized beginning in fiscal 2012 and is expected to continue to be recognized into fiscal 2014
Consistent with its prior guidance, Graham continues to expect that revenue for fiscal year 2010, which ends March 31, 2010, will be in the range of $60 million to $65 million and gross margin will be in the 33% to 35% range
Graham Corporation Awarded Over $25 Million Surface Condenser Order
Graham Corporation (NYSE Amex: GHM) a manufacturer of critical equipment for energy, petrochemical and other process industries, today announced it has received an order in excess of $25 million from Northrop Grumman Shipbuilding for the supply of four steam surface condensers for the second aircraft carrier of the Gerald R. Ford class, the unnamed CVN 79
James R. Lines, Graham’s President and Chief Executive Officer, commented, “Project management and design control, judicious quality management, adherence to rigorous fabrication requirements and on-time delivery are all critical to our customer and are hallmarks of our Company. Our selection by Northrop Grumman Shipbuilding for this project is a testament to the strength of the Graham brand. Graham has a long and proud history of providing equipment for the U.S. Navy dating back to the 1940s, and we look forward to continuing our relationship as a supplier for the next class of super carrier.” Revenue from the contract award is expected to begin to be recognized in fiscal 2012 which begins April 1, 2011, and will continue into fiscal 2014. The surface condensers are expected to be engineered and manufactured in the Company’s Batavia, New York, facility
ABOUT GRAHAM CORPORATION With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a global designer, manufacturer and supplier of custom-engineered ejectors, pumps, condensers, vacuum systems and heat exchangers. For over 70 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. Sold either as components or complete system solutions, the principal markets for Graham’s equipment are the energy, petrochemical and other process industries. Graham's equipment can be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning
Graham Corporation’s reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on the Company can be found
ABOUT NORTHROP GRUMMAN Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide
Safe Harbor Regarding Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended
Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing operating performance, events, or developments that Graham Corporation expects or anticipates will occur in the future, including but not limited to, statements relating to anticipated revenue, profit margins, foreign sales operations, its strategy to build its global sales representative channel, the effectiveness of automation in expanding its engineering capacity, its ability to improve cost competitiveness, customer preferences, changes in market conditions in the industries in which it operates, changes in general economic conditions and customer behavior and its acquisition strategy are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Graham Corporation's most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should any of Graham Corporation's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Graham Corporation's forward-looking statements. Except as required by law, Graham Corporation disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release
Graham Corporation Awarded Orders Totaling More Than $16 Million
$29.6 Million in Total Orders Booked in Second Quarter Fiscal 2010
* Press Release
* Source: Graham Corporation
* On 6:57 am EDT, Friday October 30, 2009
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Companies:
o Graham Corp.
BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE Amex: GHM) a manufacturer of critical equipment for the oil refinery, petrochemical and power industries, today announced that it has been awarded orders for two refinery projects in the Middle East and a fertilizer project in Asia with a combined value exceeding $16 million. The orders were booked in Graham’s second quarter of fiscal 2010, which ended September 30, 2009, and are included in the $29.6 million in total orders booked during the quarter. The Company anticipates the majority of the related products shipping during the second half of fiscal 2011, which begins on April 1, 2010, and the early part of fiscal 2012.
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Symbol Price Change
GHM 14.65 0.00
Chart for GRAHAM CP
{"s" : "ghm","k" : "c10,l10,p20,t10","o" : "","j" : ""}
James R. Lines, Graham’s President and Chief Executive Officer, commented, “It is encouraging to see increased purchasing activity in our international markets, particularly in Asia and the Middle East, where we expected the recovery from the global recession to begin. We are also seeing renewed quoting activity in South America. However, we do not believe our markets are in full recovery, and we continue to expect non-uniform order levels for several more quarters.”
Mr. Lines concluded, “Throughout this contraction in the industries we serve, we have consistently maintained our customer support levels and have sought to strengthen our relationships with our customers as we all work through the economic slowdown. We remain committed to being ready for the upturn in our markets through continuous improvement in order execution and production efficiency, and by seeking opportunities to acquire companies that would contribute to expanded geographic capabilities, broadened markets, new customers or additional product offerings.”
Graham announced separately today its financial results for the second quarter of fiscal 2010.
ABOUT GRAHAM CORPORATION
With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a global designer, manufacturer and supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers. For over 70 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. Sold either as components or complete system solutions, the principal markets for Graham’s equipment are the petrochemical, oil refining and electric power generation industries, including cogeneration and geothermal plants. Graham's equipment can be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning.
Graham Corporation’s reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on the Company can be found.
News...
Nice swing trading... Just like the old days on GHM.
Graham Corporation Announces First Quarter Fiscal 2010 Financial Results Release
and Conference Call
BATAVIA, N.Y., Jul 17, 2009 (BUSINESS WIRE) -- Graham Corporation (NYSE Amex:
GHM) announced today that it will release its results of operations for the first
quarter fiscal year 2010, which ended June 30, 2009, before the opening of the
financial markets on Friday, July 31, 2009.
A live webcast and teleconference will be held on Friday, July 31, 2009, at 11:00
a.m. Eastern Time. During the teleconference, James R. Lines, President and Chief
Executive Officer, and Jeffrey Glajch, Vice President Finance and Administration
and Chief Financial Officer, will review the Company's financial and operating
results as well as the Company's strategy and outlook. A question-and-answer
session will follow.
Graham's conference call can be accessed as follows:
-- The live webcast can be found at http://www.graham-mfg.com. Participants
should go to the website 10 -15 minutes prior to the scheduled conference in
order to register and download any necessary audio software.
-- The teleconference can be accessed by dialing 1-201-689-8560 and requesting
conference ID number 328035 approximately 5 - 10 minutes prior to the call.
To listen to the archived conference call:
-- The webcast will be archived at http://www.graham-mfg.com. A transcript will
also be posted, once available.
-- A replay can be heard by calling 1-201-612-7415, and entering the conference
ID number 328035 and account number 3055. The telephonic replay will be available
from 2:00 p.m. on the day of release through August 7, 2009, at 11:59 p.m.
Eastern Time.
ABOUT GRAHAM CORPORATION
With world-renowned engineering expertise in vacuum and heat transfer technology,
Graham Corporation is a global designer, manufacturer and supplier of ejectors,
pumps, condensers, vacuum systems and heat exchangers. For over 70 years, Graham
Corporation has built a reputation for top quality, reliable products and
high-standards of customer service. Sold either as components or complete system
solutions, the principal markets for Graham's equipment are the petrochemical,
oil refining and electric power generation industries, including cogeneration and
geothermal plants. Graham equipment can be found in diverse applications, such as
metal refining, pulp and paper processing, ship-building, water heating,
refrigeration, desalination, food processing, drugs, heating, ventilating and air
conditioning. Graham's reach spans the globe. Its equipment is installed in
facilities from North and South America to Europe, Asia, Africa and the Middle
East.
Graham routinely posts news and other important information on its website,
http://www.graham-mfg.com, where additional comprehensive information on the
Company can be found.
SOURCE: Graham Corporation
Graham Corporation
Jeffrey F. Glajch, 585-343-2216
Vice President Finance and CFO
jglajch@graham-mfg.com
or
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com
Copyright Business Wire 2009
24-Jun-09 Upgrade Roth Capital Hold -> Buy $14 -> $15
Cool deal -- I've emailed but got generic info. Good luck.
I know...that still leaves me up 40%. Help, the sky is falling, too funny. That is local news doom and gloom for ya!
I'm trying to get a meeting with the engineering manager to get the skinny on current and upcoming projects. I'll keep you posted.
-007
Added as a sticky -- but we hit the 200MA...lol. 8% after the climb is bad?
Local news artical about Grahams current condition.
Soapy - I hope this is appropriate.
I really like GHM - but read the filings - that's key. When manufacturing recovers, GHM will be landing nice contracts. Also a great daytrader when the volume rolls in.
Graham Corporation Announces Fourth Quarter and Fiscal Year 2009 Financial
Results Release and Conference Call
BATAVIA, N.Y., May 15, 2009 (BUSINESS WIRE) -- Graham Corporation (NYSE Amex:
GHM) announced today that it will release its results of operations for the
fourth quarter and fiscal year 2009, which ended March 31, 2009, before the
opening of the financial markets on Friday, May 29, 2009.
A live webcast and teleconference will be held on Friday, May 29, 2009, at 11:00
a.m. Eastern Time. During the teleconference, James R. Lines, President and Chief
Executive Officer, and Jeffrey Glajch, Vice President Finance and Administration
and Chief Financial Officer, will review the Company's financial and operating
results as well as the Company's strategy and outlook. A question-and-answer
session will follow.
Graham's conference call can be accessed as follows:
-- The live webcast can be found at http://www.graham-mfg.com. Participants
should go to the website 10 -15 minutes prior to the scheduled conference in
order to register and download any necessary audio software.
-- The teleconference can be accessed by dialing 1-201-689-8560 and requesting
conference ID number 323111 approximately 5 - 10 minutes prior to the call.
To listen to the archived conference call:
-- The webcast will be archived at http://www.graham-mfg.com. A transcript will
also be posted, once available.
-- A replay can be heard by calling 1-201-612-7415, and entering the conference
ID number 323111 and account number 3055. The telephonic replay will be available
from 2:00 p.m. on the day of release through June 5, 2009, at 11:59 p.m. Eastern
Time.
ABOUT GRAHAM CORPORATION
With world-renowned engineering expertise in vacuum and heat transfer technology,
Graham Corporation is a global designer, manufacturer and supplier of ejectors,
pumps, condensers, vacuum systems and heat exchangers. Over the past 73 years,
Graham Corporation has built a reputation for top quality, reliable products and
high-standards of customer service. Sold either as components or complete system
solutions, the principal markets for Graham's equipment are the petrochemical,
oil refining and electric power generation industries, including cogeneration and
geothermal plants. Graham equipment can be found in diverse applications, such as
metal refining, pulp and paper processing, ship-building, water heating,
refrigeration, desalination, food processing, drugs, heating, ventilating and air
conditioning. Graham's reach spans the globe. Its equipment is installed in
facilities from North and South America to Europe, Asia, Africa and the Middle
East.
Graham routinely posts news and other important information on its website,
http://www.graham-mfg.com, where additional comprehensive information on the
Company can be found.
SOURCE: Graham Corporation
Graham Corporation
Jeffrey F. Glajch, 585-343-2216
Vice President Finance and CFO
jglajch@graham-mfg.com
or
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com
Copyright Business Wire 2009
Hey, if you have pics and stuff, let's get them into the iBOX. Welcome to the forum and enjoy it.
Don't worry about pumping -- it's tough to push a big board via iHUB.
Soapy...Nice to see you here. I'm long in SPNG with you too. I actually live in Batavia and have had professional dealings with Graham. Though they have been recently dealing with a rough time they are ramping up with new orders and work. I am now investing long with them and look forward to a great future. I have more to share but don't want to come off as a pumper.
GLTA!
Please do not trade on my opinions, DD is the best medicine!
-007
Moved nicely. Short.
*** Graham Corporation Awarded $2.5 Million in Surface Condenser Orders
$20.8 million in Orders Received in the Fourth Quarter of Fiscal 2009
BATAVIA, N.Y., Apr 07, 2009 (BUSINESS WIRE) -- Graham Corporation (NYSE Amex:
GHM) announced today that it has been awarded $2.5 million in orders for surface
condensers to be installed in conjunction with the renovation of an oil refinery
in the Middle East and the renovation of an oil refinery in South America. Both
orders were booked during Graham's recently completed fiscal 2009 fourth quarter,
which ended March 31, 2009. The order for the Middle East refinery is expected to
ship during Graham's fiscal 2010 third quarter, which ends December 31, 2009.
Shipment to the South American facility is scheduled for Graham's fiscal 2010
fourth quarter, which ends March 31, 2010.
James R. Lines, Graham's President and Chief Executive Officer, commented, "The
fourth quarter was a much stronger quarter for bookings than the trailing third
quarter. We believe that the pipeline for projects remains active, with the
refinery sector demonstrating greater robustness in the quarter than we had seen
in the previous six months. We also received a few fertilizer project orders.
However, we are still seeing a good deal of caution on the part of refiners and
chemical processers to initiate new projects as they continue to evaluate the
potential for further reduction in costs and the availability of capital."
Graham had $20.8 million in orders during the fourth quarter, compared with $8.1
million in orders during the trailing fiscal 2009 third quarter and $35.1 million
in orders during the fourth quarter of fiscal 2008.
Mr. Lines added, "Although short-term visibility for us continues to be
uncertain, we remain confident that long-term growth in the world's energy needs
will translate into additional demand for Graham's products."
ABOUT GRAHAM CORPORATION
With world-renowned engineering expertise in vacuum and heat transfer technology,
Graham Corporation is a global designer, manufacturer and supplier of ejectors,
pumps, condensers, vacuum systems and heat exchangers. Over the past 73 years,
Graham has built a reputation for top quality, reliable products and
high-standards of customer service. Sold either as components or complete system
solutions, the principal markets for Graham's equipment are the petrochemical,
oil refining and electric power generation industries, including cogeneration and
geothermal plants. Graham's equipment can be found in diverse applications, such
as metal refining, pulp and paper processing, ship-building, water heating,
refrigeration, desalination, food processing, pharmaceutical, heating,
ventilating and air conditioning.
Graham Corporation's reach spans the globe. Its equipment is installed in
facilities from North and South America to Europe, Asia, Africa and the Middle
East. Graham routinely posts news and other important information on its website,
http://www.graham-mfg.com, where additional comprehensive information can be
found.
Safe Harbor Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements are
subject to risks, uncertainties and assumptions and are identified by words such
as "expects," "estimates," "projects," "anticipates," "believes," "could," and
other similar words. All statements addressing operating performance, events, or
developments that Graham Corporation expects or anticipates will occur in the
future, including but not limited to, statements relating to anticipated
revenues, profit margins, foreign sales operations, its strategy to build its
global sales representative channel, the effectiveness of automation in expanding
its engineering capacity, its ability to improve cost competitiveness, customer
preferences, changes in market conditions in the industries in which Graham
Corporation operates, changes in general economic conditions and customer
behavior and Graham Corporation's acquisition strategy are forward-looking
statements. Because they are forward-looking, they should be evaluated in light
of important risk factors and uncertainties. These risk factors and uncertainties
are more fully described in Graham Corporation's most recent Annual and Quarterly
Reports filed with the Securities and Exchange Commission, including under the
heading entitled "Risk Factors." Should one or more of these risks or
uncertainties materialize, or should any of Graham Corporation's underlying
assumptions prove incorrect, actual results may vary materially from those
currently anticipated. In addition, undue reliance should not be placed on Graham
Corporation's forward-looking statements. Except as required by law, Graham
Corporation disclaims any obligation to update or publicly announce any revisions
to any of the forward-looking statements contained in this press release.
SOURCE: Graham Corporation
For More Information:
Graham Corporation
Jeffrey F. Glajch, 585-343-2216
Vice President Finance and CFO
jglajch@graham-mfg.com
or
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com
Copyright Business Wire 2009
She's trying to move... watching.
OK... Let's see if the bottom holds.
I appreciate your input! I'll pick some up as soon as our baby gives us the long-anticipated PR.
While DOW 6,000 makes me sick too, the P/E in 2000 was 43, which is obviously unsustainable. The people who became intoxicated with optimisim at the peak will be the same people who panic in the end and sell at a single digit P/E ratio. People have a herd mentality and make emotional decisions instead of business decisions. That's why long-term bear markets usually end with the P/E ratio in the 5 - 8 range. Considering we are at about 12 right now, the DOW will almost certainly fail to hold 6,000 and we have to consider a breach of 5,000 a real possibility. A counter-trend bear market bounce will give the herd reason to be optimistic and many will fall victim to a suckers' rally.
All just my opinion but I've been expecting this type of crash. There will be some amazing buying opportunities for independent thinkers who don't get wiped-out on the way down!
As usual, 10s and 8s...
Most Interesting Must do my own DD but I am open to all imput THANX //REALBIZ//JIMMY
6k DOW just makes me sick since there is no real reason for it. Makes me wonder about people in the market.
Yes, I think GHM will be a leader in the manufacturing sector. Their PRs show revenue (even now...) and the 10s are solid. Just a matter of time and finding the bottom for the swing.
Call the company too -- they are pretty good on that.
Do you think this will rally if/when the general market bounces, which seems over-due to me? Will it be a counter-trend bear market bounce, like the general market, IMO?
Remember our conversation about DOW 6,000? I bet someone $1,000 in July of 2004 that the DOW will fall below 6,000 within ten years. Everyone thought I was crazy at that time, but not any more.
Not oversold yet.
Still weak but watching now.
Thanks. Please post something if/when you take a position. I appreciate all your input!
Not yet... Waiting for the chart :)