Graham Corporation Announces Record $92 Million in Orders for Second Quarter of Fiscal Year 2023 and Schedules Financial Results Conference Call and Webcast
24 Outubro 2022 - 5:15PM
Business Wire
Second quarter fiscal year 2023 financial
results to be released before the market opens on November 7, 2022
with the related teleconference and webcast scheduled for 11:00 am
ET that morning
Graham Corporation (NYSE: GHM), 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, announced a record $92 million in orders for its second
quarter of fiscal 2023.
The second quarter order level was driven by:
- $70 million from the defense industry driven by repeat orders
for critical U.S. Navy programs. Revenue from second quarter fiscal
2023 defense orders is expected to be recognized from fiscal 2024
through fiscal 2026;
- $9 million for petroleum refining, primarily related to the
commercial aftermarket;
- $4 million of orders for highly engineered pumps and turbo
pumps for a variety of applications and customers in the commercial
space industry.
“Our record level of orders in the second quarter reflects our
continued expansion into the defense business and the success we
have had meeting our customers’ requirements. We believe this is a
testament to our engineering know-how, improved execution, and
long-standing relationship with the U.S. Navy to provide mission
critical systems for high-profile programs,” commented Daniel J.
Thoren, President and CEO. “From an operational perspective, we
have invested considerable time and capital to meet critical
deliveries for the U.S. Navy, demonstrating that we are a supplier
they can count on. Beyond defense, demand for our products in the
second quarter of 2023 has been solid in our other markets. Of
note, the commercial space and commercial aftermarket industries
continue to recognize the value of our innovative solutions and
engineering services.”
Second Quarter Fiscal Year 2023 Webcast and Conference
Call Graham’s management will host a conference call and live
webcast on Monday, November 7, 2022 at 11:00 am ET to review its
financial condition and operating results, strategy and outlook.
The review will be accompanied by a slide presentation, which will
be made available immediately prior to the conference call on
Graham’s website: graham-mfg.com.
A question-and-answer session will follow the formal
presentation. Graham’s conference call can be accessed by calling
(201) 689-8560. Alternatively, the webcast can be monitored on
Graham’s investor relations website.
A telephonic replay will be available from 2:00 p.m. ET today
through Monday, November 14, 2022. To listen to the archived call,
dial (412) 317-6671 and enter conference ID number 13733207. A
transcript of the call will be placed on Graham’s investor
relations website Graham IR once available.
ABOUT GRAHAM CORPORATION Graham 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 Graham Manufacturing and
Barber-Nichols’ global brands are built upon world-renowned
engineering expertise in vacuum and heat transfer, cryogenic pumps,
and turbomachinery technologies, as well as its responsive and
flexible service and the unsurpassed quality customers have come to
expect from the Company’s products and systems.
Graham routinely posts news and other important information on
its website, www.grahamcorp.com, where additional information on
Graham Corporation and its businesses can be found.
Safe Harbor Regarding Forward Looking Statements This
news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to risks, uncertainties and
assumptions and are identified by words such as “expects,” “plans,”
“anticipates,” “believes,” “will,” “can,” and other similar words.
All statements addressing operating performance, events, or
developments that Graham Corporation expects or anticipates will
occur in the future, including but not limited to, the evolution
and future of the Company, the Company’s opportunities, the
Company’s ability to deliver value to its shareholders, orders,
backlog, revenue, and its operating strategy are forward-looking
statements. Because they are forward-looking, they should be
evaluated in light of important risk factors and uncertainties.
These risk factors and uncertainties are more fully described in
Graham Corporation’s most recent Annual Report filed with the
Securities and Exchange Commission, including under the heading
entitled “Risk Factors,” its quarterly reports on Form 10-Q, and
other filings it makes with the Securities and Exchange Commission.
Should one or more of these risks or uncertainties materialize or
should any of Graham Corporation’s underlying assumptions prove
incorrect, actual results may vary materially from those currently
anticipated. In addition, undue reliance should not be placed on
Graham Corporation’s forward-looking statements. Except as required
by law, Graham Corporation disclaims any obligation to update or
publicly announce any revisions to any of the forward-looking
statements contained in this news release.
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version on businesswire.com: https://www.businesswire.com/news/home/20221024005936/en/
Christopher J. Thome Vice President - Finance and CFO Phone:
(585) 343-2216
Deborah K. Pawlowski Kei Advisors LLC Phone: (716) 843-3908
dpawlowski@keiadvisors.com
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