Graham Corporation (GHM) Releases Earnings Results, Beats Expectations By $0.01 EPS

Graham Corporation (GHM) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.04. The company posted revenue of $22.36 million in the period, compared to analysts expectations of $20.35 million. The company’s revenue was down -19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Graham Corporation opened for trading at $18.44 and hit $18.83 on the upside on Thursday, eventually ending the session at $18.76, with a gain of 1.13% or 0.21 points. The heightened volatility saw the trading volume jump to 4,453 shares. Company has a market cap of $181 M.

In a different news, on Sep 10, 2015, James J Barber (director) purchased 3,000 shares at $17.00 per share price. According to the SEC, on Aug 26, 2015, Gerard T Mazurkiewicz (director) sold 300 shares at $17.16 per share price. On Jun 5, 2015, Jeffrey Glajch (VP-Finance; CFO) sold 5,754 shares at $21.39 per share price, according to the Form-4 filing with the securities and exchange commission.

Graham Corporation designs manufactures and sells critical equipment for the energy defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors vacuum pumping systems surface condensers and vacuum systems. It is also a nuclear code accredited fabrication and specialty machining company. It supplies components used inside reactor vessels and outside containment vessels of nuclear power facilities. Its equipment is found in other applications such as metal refining pulp and paper processing water heating refrigeration desalination food processing pharmaceutical heating ventilating and air conditioning. For the defense industry its equipment is used in nuclear propulsion power systems for the United States Navy. Its subsidiary Graham Vacuum and Heat Transfer Technology (Suzhou) Co. Ltd. provides sales and engineering support for it in the People’s Republic of China and management oversight throughout Southeast Asia.

Graham Corporation

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