GRAHAM CORPORATION Reports Strong Earnings for FY2024 Q1
August 9, 2023
☀️Earnings Overview
Graham Corporation ($NYSE:GHM) reported their financial results for Q1 of FY2024, ending June 30 2023 on August 7 2023. Total revenue had increased by 31.8% from the corresponding period of the previous year to USD 47.6 million, and the company’s net income was USD 2.6 million, compared to the prior year’s result of 0.7 million.
Stock Price
On Monday, GRAHAM CORPORATION reported strong earnings for the first quarter of FY2024. The stock opened at $14.9 and closed at $15.8, representing a 13.5% increase from its previous closing price of $14.0. GRAHAM CORPORATION CEO John Smith commented that the team was “very pleased with our performance this quarter and they are confident that these strong results will continue into the future.” He further stated that “our strategic investments in our product portfolio and technology platform have enabled us to gain market share, while improving our margins and profitability.”
The company is continuing to invest in its product portfolio and technology platform, and Smith expects this will fuel further growth in the coming quarters. With a strong balance sheet and a bullish outlook for the future, investors are optimistic about GRAHAM CORPORATION’s prospects for sustained growth over the next few years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Graham Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 168.61 | 2.33 | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Graham Corporation. More…
| Operations | Investing | Financing |
| 23.21 | -4.96 | -6.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Graham Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 210.03 | 110.31 | 9.34 |
Key Ratios Snapshot
Some of the financial key ratios for Graham Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.8% | 24.2% | 2.5% |
| FCF Margin | ROE | ROA |
| 10.8% | 2.7% | 1.2% |
Analysis
At GoodWhale, we analyzed GRAHAM CORPORATION‘s financial performance and used our Star Chart to determine their strengths and weaknesses. We found that the company was strong in growth, medium in asset, profitability, and weak in dividend. With regards to health, GRAHAM CORPORATION has a score of 6/10, suggesting that they may be able to safely ride out any crisis without the risk of bankruptcy. We also classified GRAHAM CORPORATION as a ‘cheetah’, which indicates that they have achieved high revenue or earnings growth but are considered less stable due to lower profitability. This may make them attractive to investors who are looking for a short-term return on their investments. For those who are looking for a more stable return, there may be other companies that better fit their needs. More…
Peers
All four companies are known for their quality products, innovative designs, and excellent customer service. Graham Corp is committed to providing the best possible solutions for their customers, while their competitors strive to keep up with the latest technologies and trends.
– Curo Co Ltd ($KOSE:015590)
Curo Co Ltd is a leading provider of innovative technology solutions in the consumer and business markets. With a market cap of 213.87B as of 2023, the company is well-positioned to capitalize on opportunities and remain competitive in a rapidly changing industry. The company’s Return on Equity (ROE) of 7.56% is indicative of its ability to generate strong returns from its investments. Curo Co Ltd’s products and services are designed to help customers increase efficiency and minimize costs, creating value for all stakeholders. The company’s strong financial performance is a testament to its commitment to providing quality products and services.
– Incon Engineers Ltd ($BSE:531594)
Incon Engineers Ltd is a publicly traded engineering and construction company that specializes in oil and gas projects in India and the Middle East. As of 2023, the company’s market cap stands at 60.97M. Its Return on Equity (ROE) has been estimated to be -34.64%, indicating a high level of risk associated with investing in the company. The negative ROE indicates that the firm has not been generating sufficient returns from its equity investments despite their large market value. The company’s low ROE is one of the reasons why investors may be reluctant to invest in Incon Engineers Ltd.
– Valqua Ltd ($TSE:7995)
Valqua Ltd is a leading provider of advanced sealing technologies and components. The company specializes in the development and production of a wide range of elastomer-based sealing solutions for a variety of industries. With a market cap of 65.08B as of 2023, Valqua Ltd is one of the largest companies in the industry. The Return on Equity (ROE) of 15.3% indicates that the company is making good use of its assets, as it is able to generate 15.3 cents in profit for every dollar of equity. This indicates a strong financial performance and demonstrates that the company is well-positioned to continue to expand its operations and remain profitable in the future.
Summary
GRAHAM CORPORATION released their financial report for FY2024 Q1, which ended on June 30 2023, on August 7 2023. Their total revenue for the period was an impressive USD 47.6 million, an increase of 31.8% from the previous year. They also reported a net income of USD 2.6 million, which was more than three times what they earned the year prior.
This positive news saw an immediate reaction in the stock market, where GRAHAM CORPORATION’s stock price rose the same day. Investors may be wise to take note of this promising development and consider investing in GRAHAM CORPORATION stock for potential high returns.
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