Graham Corp Q1 FY25 10-Q Filing
Ticker: GHM · Form: 10-Q · Filed: Aug 7, 2024 · CIK: 716314
| Field | Detail |
|---|---|
| Company | Graham CORP (GHM) |
| Form Type | 10-Q |
| Filed Date | Aug 7, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, credit-facility
TL;DR
GRAHAM CORP Q1 FY25 10-Q FILED. FINANCIALS AND CREDIT FACILITY UPDATES.
AI Summary
Graham Corporation filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the first quarter of fiscal year 2025. Key financial data and disclosures related to their credit facilities and stock units are included.
Why It Matters
This filing provides investors with the latest financial health and operational status of Graham Corp, crucial for understanding their performance and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- 20240630 — End of Fiscal Q1 (Reporting period for the 10-Q)
- 20240807 — Filing Date (Date the 10-Q was submitted to the SEC)
Key Players & Entities
- GRAHAM CORP (company) — Filer of the 10-Q
- 20240630 (date) — End of reporting period
- 20240807 (date) — Filing date
- 161194720 (dollar_amount) — IRS Number
- 001-08462 (dollar_amount) — SEC File Number
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 7, 2024.
What is Graham Corporation's IRS number?
Graham Corporation's IRS number is 161194720.
What is Graham Corporation's SEC file number?
Graham Corporation's SEC file number is 001-08462.
What is the primary business of Graham Corp based on SIC code?
Graham Corp's primary business is in GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, with SIC code 3560.
Filing Stats: 4,385 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-08-07 08:00:26
Key Financial Figures
- $0.10 — ch registered Common Stock, Par Value $0.10 Per Share GHM NYSE Indicate by ch
Filing Documents
- ghm-20240630.htm (10-Q) — 1704KB
- ghm-ex10_3.htm (EX-10.3) — 33KB
- ghm-ex10_4.htm (EX-10.4) — 93KB
- ghm-ex10_5.htm (EX-10.5) — 68KB
- ghm-ex31_1.htm (EX-31.1) — 13KB
- ghm-ex31_2.htm (EX-31.2) — 13KB
- ghm-ex32_1.htm (EX-32.1) — 9KB
- img102395108_0.jpg (GRAPHIC) — 48KB
- 0000950170-24-092280.txt ( ) — 8230KB
- ghm-20240630.xsd (EX-101.SCH) — 1367KB
- ghm-20240630_htm.xml (XML) — 1321KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 28 Item 4.
Controls and Procedures
Controls and Procedures 28 Part II. OTHER INFORMATION Item 1A.
Risk Factors
Risk Factors 30 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 30 Item 6. Exhibits 31
Signatures
Signatures 32 2 GRAHAM CORPORATION AND SUBSIDIARIES FORM 10-Q JUNE 30, 2024
– FINANCI AL INFORMATION
PART I – FINANCI AL INFORMATION
Unaudited Condensed Con solidated Financial Statements
Item 1. Unaudited Condensed Con solidated Financial Statements GRAHAM CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS O F OPERATIONS (Dollar amounts in thousands, except per share data) (Unaudited) Three Months Ended June 30, 2024 2023 Net sales $ 49,951 $ 47,569 Cost of products sold 37,583 36,592 Gross profit 12,368 10,977 Other operating expenses and income: Selling, general and administrative 8,838 7,019 Selling, general and administrative – amortization 436 274 Other operating income, net ( 130 ) — Operating income 3,224 3,684 Other expense, net 91 93 Interest (income) expense, net ( 161 ) 185 Income before provision for income taxes 3,294 3,406 Provision for income taxes 328 766 Net income $ 2,966 $ 2,640 Per share data Basic: Net income $ 0.27 $ 0.25 Diluted: Net income $ 0.27 $ 0.25 Weighted average common shares outstanding: Basic 10,862 10,653 Diluted 10,958 10,719 See Notes to Condensed Consolidated Financial Statements. 3 GRAHAM CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEM ENTS OF COMPREHENSIVE INCOME (Dollar amounts in thousands) (Unaudited) Three Months Ended June 30, 2024 2023 Net income $ 2,966 $ 2,640 Other comprehensive income (loss): Foreign currency translation adjustment ( 28 ) ( 252 ) Defined benefit pension and other postretirement plans net of income tax expense of $ 45 and $ 47 , respectively 150 164 Total other comprehensive income (loss) 122 ( 88 ) Total comprehensive income $ 3,088 $ 2,552 See Notes to Condensed Consolidated Financial Statements. 4 GRAHAM CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Dollar amounts in thousands, except per share data) (Unaudited) June 30, 2024 March 31, 2024 Assets Current assets: Cash and cash equivalents $ 21,611 $ 16