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.
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
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Graham Corporation. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Graham Corporation. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Graham Corporation are shown below. More…
Income Statement Ratios
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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…
Risk Rating Analysis
Star Chart Analysis
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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.