Graham Corp Files 10-K/A Amendment

TL;DR

Graham Corp filed a 10-K/A amendment for FY24 ending March 31. Check for updates.

AI Summary

Graham Corporation filed an amendment (Amendment No. 1) to its annual report on Form 10-K for the fiscal year ended March 31, 2024. This filing, dated June 28, 2024, provides updated information for the period ending March 31, 2024. The company, headquartered in Batavia, NY, is involved in the general industrial machinery and equipment sector.

Why It Matters

This amendment provides updated financial and operational information for Graham Corporation, crucial for investors and analysts assessing the company's performance and outlook.

Risk Assessment

Risk Level: low — This is a routine amendment to an annual report, not indicating new or elevated risks.

Key Numbers

• 001-08462 — SEC File Number (Identifies the company's filings with the SEC.)
• 16-1194720 — IRS Number (Company's Employer Identification Number.)

Key Players & Entities

• Graham Corporation (company) — Registrant
• 20 Florence Avenue, Batavia, New York 14020 (location) — Principal executive offices
• March 31, 2024 (date) — Fiscal year end
• June 28, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.10 — ich registered Common Stock, Par Value $0.10 Per Share GHM NYSE Securities regi
• $194 — et of income tax provision (benefit) of $194, $(149), and $209, for the years ended
• $209 — rovision (benefit) of $194, $(149), and $209, for the years ended March 31, 2024, 20
• $79 — accounts receivable, net of allowances ($79 and $1,841 at March 31, 2024 and 2023,
• $1,841 — receivable, net of allowances ($79 and $1,841 at March 31, 2024 and 2023, respectivel
• $1.00 — Stockholders' equity: Preferred stock, $1.00 par value, 500 shares authorized Commo

Filing Documents

• d853261d10ka.htm (10-K/A) — 910KB
• d853261dex231.htm (EX-23.1) — 3KB
• d853261dex311.htm (EX-31.1) — 10KB
• d853261dex312.htm (EX-31.2) — 11KB
• d853261dex321.htm (EX-32.1) — 5KB
• 0001193125-24-171389.txt ( ) — 1228KB
• ghm-20240331.xsd (EX-101.SCH) — 4KB
• ghm-20240331_cal.xml (EX-101.CAL) — 1KB
• ghm-20240331_def.xml (EX-101.DEF) — 16KB
• ghm-20240331_lab.xml (EX-101.LAB) — 22KB
• ghm-20240331_pre.xml (EX-101.PRE) — 18KB
• d853261d10ka_htm.xml (XML) — 7KB

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 10 2 Table of Contents REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the stockholders and the Board of Directors of Graham Corporation Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Graham Corporation and subsidiaries (the "Company") as of March 31, 2024 and 2023; the related consolidated statements of operations, comprehensive (loss) income, changes in stockholders' equity, and cash flows, for each of the three years in the period ended March 31, 2024 and the related notes and the schedule listed in the Index at Item 15 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of March 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended March 31, 2024, in conformity with accounting principles generally accepted in the United States of America. We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of March 31, 2024, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated June 7, 2024, expressed an unqualified opinion on the Company's internal control over financial reporting. Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and E

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Years Ended March 31, 2024, 2023 and 2022 (Amounts in thousands, except per share data) Note 1 - The Company and Its Accounting Policies: Graham Corporation, and its operating subsidiaries, (together, the "Company"), is a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries. The Company acquired Barber-Nichols, LLC ("BN") in June 2021. The accompanying Consolidated Financial Statements include BN at March 31, 2024, 2023 and for the period June 1, 2021 through March 31, 2024. The Company acquired P3 Technologies, LLC ("P3") in November 2023. The accompanying Consolidated Financial Statements include P3 at March 31, 2024 and for the period of November 9, 2023 through March 31, 2024. The Company's significant accounting policies are set forth below. The Company's fiscal years ended March 31, 2024, 2023 and 2022 are referred to as "fiscal 2024," "fiscal 2023" and "fiscal 2022," respectively. Principles of consolidation and use of estimates in the preparation of consolidated financial statements The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, BN, located in Arvada, CO, P3, located in Jupiter, FL, Graham Vacuum and Heat Transfer Technology (Suzhou) Co., Ltd., located in China, and Graham India Private Limited ("GIPL"), located in India. All intercompany balances, transactions and profits are eliminated in consolidation. The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the U.S. ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the related revenues and expenses during the reporting period. Actual amounts could

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View this 10-K/A filing on SEC EDGAR