Graham Corp Files 10-Q for Q3 2024
Ticker: GHM · Form: 10-Q · Filed: Feb 7, 2025 · CIK: 716314
| Field | Detail |
|---|---|
| Company | Graham CORP (GHM) |
| Form Type | 10-Q |
| Filed Date | Feb 7, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, operations, credit-facility
TL;DR
Graham Corp 10-Q filed: Q3 2024 financials and operations update. Check credit facility details.
AI Summary
Graham Corporation filed its 10-Q for the period ending December 31, 2024. The company reported on its financial performance and operations, including details on its revolving credit facility and employee compensation. Specific financial figures and operational segments were detailed within the filing.
Why It Matters
This filing provides investors with an update on Graham Corporation's financial health and operational status, crucial for understanding the company's performance and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial and operational information.
Key Players & Entities
- GRAHAM CORP (company) — Filer
- 20241231 (date) — Period of Report
- 20250207 (date) — Filing Date
- 161194720 (dollar_amount) — IRS Number
- DE (company) — State of Incorporation
- 0331 (date) — Fiscal Year End
- 5853432216 (dollar_amount) — Business Phone
- ghm:NewRevolvingCreditFacilityMember (company) — Financial Instrument
FAQ
What was Graham Corporation's fiscal year end?
Graham Corporation's fiscal year ends on March 31st (0331).
When was this 10-Q filing submitted?
This 10-Q filing was submitted on February 7, 2025 (20250207).
What is the period of report for this 10-Q?
The period of report for this 10-Q is December 31, 2024 (20241231).
What is Graham Corporation's business address?
Graham Corporation's business address is 20 Florence Ave, Batavia, NY 14020.
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.
Filing Stats: 4,386 words · 18 min read · ~15 pages · Grade level 19.6 · Accepted 2025-02-07 08:30:24
Key Financial Figures
- $0.10 — ch registered Common Stock, Par Value $0.10 Per Share GHM NYSE Indicate by ch
Filing Documents
- ghm-20241231.htm (10-Q) — 2619KB
- ghm-ex31_1.htm (EX-31.1) — 14KB
- ghm-ex31_2.htm (EX-31.2) — 14KB
- ghm-ex32_1.htm (EX-32.1) — 11KB
- img102421056_0.jpg (GRAPHIC) — 120KB
- img102421056_1.jpg (GRAPHIC) — 188KB
- img102421056_2.jpg (GRAPHIC) — 225KB
- 0000950170-25-015879.txt ( ) — 11787KB
- ghm-20241231.xsd (EX-101.SCH) — 1114KB
- ghm-20241231_htm.xml (XML) — 2328KB
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 DECEMBER 31, 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 Nine Months Ended December 31, December 31, 2024 2023 2024 2023 Net sales $ 47,037 $ 43,818 $ 150,551 $ 136,463 Cost of products sold 35,351 34,095 113,698 108,572 Gross profit 11,686 9,723 36,853 27,891 Other operating expenses and income: Selling, general and administrative 9,260 8,429 26,821 21,563 Selling, general and administrative – amortization 436 383 1,309 930 Other operating income ( 220 ) — ( 946 ) — Operating income 2,210 911 9,669 5,398 Loss on extinguishment of debt — 726 — 726 Other expense, net 91 93 273 280 Interest (income) expense, net ( 128 ) 37 ( 442 ) 277 Income before provision (benefit) for income taxes 2,247 55 9,838 4,115 Provision (benefit) for income taxes 659 ( 110 ) 2,003 899 Net income $ 1,588 $ 165 $ 7,835 $ 3,216 Per share data Basic: Net income $ 0.15 $ 0.02 $ 0.72 $ 0.30 Diluted: Net income $ 0.14 $ 0.02 $ 0.71 $ 0.30 Weighted average common shares outstanding: Basic 10,890 10,775 10,880 10,709 Diluted 11,057 10,920 11,016 10,792 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 Nine Months Ended December 31, December 31, 2024 2023 2024 2023 Net income $ 1,588 $ 165 $ 7,835 $ 3,216 Other comprehensive (expense) income: Foreign currency translation adjustment ( 208 ) 137 ( 105 ) ( 173 ) Defined benefit pension and other postretirement