Graham Corporation Fiscal Q2 2027 Sales Rise 6% to $69.8 Million: Adjusted EPS of $0.52, Backlog at a Record $561.3 Million for a Seventh Consecutive Quarter
BATAVIA, NEW YORK — Graham Corporation (NYSE: GHM) on November 5 reported results for the second quarter of its fiscal year ending March 31, 2027. Net sales were $69.8 million, up 6% year over year, with the FlackTek acquisition contributing $9.5 million of revenue. Gross profit rose 38% to $19.7 million, for a gross margin of 28.2%, up 650 basis points. GAAP net income increased to $4.6 million, or $0.39 per diluted share; adjusted net income was $6.2 million, or $0.52 per share, up 68%; and adjusted EBITDA rose 64% to $10.3 million, a margin of 14.8%.
Orders and cash flow set their own records: quarterly orders were $73.7 million, a book-to-bill ratio of 1.1 times, and backlog reached $561.3 million, a record for the seventh consecutive quarter. The company generated $46.7 million of operating cash flow in the quarter, ended with $71.4 million of cash and cash equivalents and no outstanding debt, and had $74.7 million available under its revolving credit facility. President and Chief Executive Officer Matthew J. Malone said the second-quarter results reflected strong execution across the business, with growth in Defense and Space, significant margin expansion and continued momentum across end markets, and that the record backlog provides strong visibility into future growth.
For the full fiscal year, Graham reaffirmed guidance of $285 million to $295 million in net sales and $35 million to $40 million in adjusted EBITDA, while raising its gross margin outlook by about 50 basis points to 25.0% to 26.0% of sales. Graham designs and manufactures fluid, power, heat transfer, vacuum and advanced mixing technologies for the defense, space, and energy and process industries, and is headquartered in Batavia, New York.
Source: Graham Corporation
Published by GSM · USA (original Chinese edition)
Photo: 图：格雷厄姆公司（Graham Corporation）标志。图片来源：格雷厄姆公司官方投资者关系网站。 / Photo: The Graham Corporation logo. Source: Graham Corporation's official investor relations website.
