Graham Corp Q2 2024 10-Q Filing
Ticker: GHM · Form: 10-Q · Filed: Nov 8, 2024 · CIK: 716314
| Field | Detail |
|---|---|
| Company | Graham CORP (GHM) |
| Form Type | 10-Q |
| Filed Date | Nov 8, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Graham Corp's Q2 2024 10-Q is in. Check financials and stock comp details.
AI Summary
Graham Corporation filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the second quarter. Key financial figures and business segments are presented, along with information on stock-based compensation plans and accumulated other comprehensive income.
Why It Matters
This filing provides investors with the latest financial health and operational status of Graham Corporation, crucial for making informed investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 2024-11-08 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- GRAHAM CORP (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2024-11-08 (date) — Filing date
- P3 Technologies Llc (company) — Mentioned in relation to financial data
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 8, 2024.
What is Graham Corporation's fiscal year end?
Graham Corporation's fiscal year ends on March 31.
What is the SIC code for Graham Corporation?
The Standard Industrial Classification (SIC) code for Graham Corporation is 3560, which falls under GENERAL INDUSTRIAL MACHINERY & EQUIPMENT.
Are there any specific subsidiaries or related entities mentioned in the filing context provided?
Yes, P3 Technologies Llc is mentioned in the context of financial data for the period ending June 30, 2024.
Filing Stats: 4,390 words · 18 min read · ~15 pages · Grade level 19.1 · Accepted 2024-11-08 08:30:22
Key Financial Figures
- $0.10 — ch registered Common Stock, Par Value $0.10 Per Share GHM NYSE Indicate by ch
Filing Documents
- ghm-20240930.htm (10-Q) — 2024KB
- ghm-ex31_1.htm (EX-31.1) — 14KB
- ghm-ex31_2.htm (EX-31.2) — 14KB
- ghm-ex32_1.htm (EX-32.1) — 10KB
- img102397991_0.jpg (GRAPHIC) — 57KB
- img102397991_1.jpg (GRAPHIC) — 72KB
- img102397991_2.jpg (GRAPHIC) — 72KB
- 0000950170-24-123710.txt ( ) — 9257KB
- ghm-20240930.xsd (EX-101.SCH) — 1101KB
- ghm-20240930_htm.xml (XML) — 1811KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 29 Item 4.
Controls and Procedures
Controls and Procedures 30 Part II. OTHER INFORMATION Item 1A.
Risk Factors
Risk Factors 31 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 31 Item 6. Exhibits 32
Signatures
Signatures 33 2 GRAHAM CORPORATION AND SUBSIDIARIES FORM 10-Q SEPTEMBER 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 Six Months Ended September 30, September 30, 2024 2023 2024 2023 Net sales $ 53,563 $ 45,076 $ 103,514 $ 92,645 Cost of products sold 40,764 37,885 78,347 74,477 Gross profit 12,799 7,191 25,167 18,168 Other operating expenses and income: Selling, general and administrative 8,723 6,115 17,561 13,134 Selling, general and administrative – amortization 437 273 873 547 Other operating income ( 596 ) — ( 726 ) — Operating income 4,235 803 7,459 4,487 Other expense, net 91 94 182 187 Interest (income) expense, net ( 153 ) 55 ( 314 ) 240 Income before provision for income taxes 4,297 654 7,591 4,060 Provision for income taxes 1,016 243 1,344 1,009 Net income $ 3,281 $ 411 $ 6,247 $ 3,051 Per share data Basic: Net income $ 0.30 $ 0.04 $ 0.57 $ 0.29 Diluted: Net income $ 0.30 $ 0.04 $ 0.57 $ 0.28 Weighted average common shares outstanding: Basic 10,887 10,699 10,875 10,675 Diluted 11,024 10,810 10,995 10,761 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 Six Months Ended September 30, September 30, 2024 2023 2024 2023 Net income $ 3,281 $ 411 $ 6,247 $ 3,051 Other comprehensive income: Foreign currency translation adjustment 131 ( 58 ) 103 ( 310 ) Defined benefit pension and other postretirement plans net of income tax expense of $ 45 and $ 47 for the three months ended September 30, 202