GHM

EX-99.1

2 d893234dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

News Release

Graham Corporation ¨ 20 Florence Avenue ¨ Batavia, NY 14020

IMMEDIATE RELEASE

Graham Corporation Reports Second Quarter Fiscal 2027 Results

Second Quarter Fiscal 2027 Highlights:

•

Net sales of $69.8 million, increased 6% compared to the prior year reflecting strength of diversified revenue base and the addition of FlackTek

•

Gross profit increased 38% to $19.7 million; Gross profit margin was 28.2%, up 650 basis points compared to the prior year reflecting improved mix and operational efficiencies

•

Net income per diluted share was $0.39 an increase of 39%; Adjusted net income per diluted share(1) was $0.52 an increase of 68%

•

Adjusted EBITDA (1) increased 64% to $10.3 million; Adjusted EBITDA margin(1) was 14.8%, up 530 basis points compared to the prior year

•

Orders (2) were $73.7 million; Book-to-Bill (2) ratio of 1.1x and record backlog (2) of $561.3 million marking the seventh consecutive quarter of record quarterly backlog(2)

•

Strong cash generation with $46.7 million of cash provided by operating activities during the second quarter; cash of $71.4 million and no outstanding debt at quarter end

•

Reaffirming full year fiscal 2027 guidance for net sales and adjusted EBITDA

BATAVIA, NY, November 5, 2026 – Graham Corporation (NYSE: GHM) (“GHM” or the “Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the Defense, Space, and Energy & Process industries, today reported financial results for its second quarter for the fiscal year ending March 31, 2027 (“fiscal 2027”).

Graham’s President and Chief Executive Officer, Matthew J. Malone stated, “Our second quarter results reflect strong execution across the business, highlighted by growth in Defense and Space, significant margin expansion and continued momentum across our end markets. Our record backlog of $561 million provides strong visibility into future growth and reinforces our confidence in the long-term opportunities ahead.”

Mr. Malone continued, “We are very pleased with the progress of FlackTek’s integration and the continued execution of our strategic initiatives, including the successful completion of our first customer test at our new cryogenic testing facility and the groundbreaking of our new facility in Arvada. We believe these investments position us to capitalize on expanding opportunities in Space and Defense, as well as emerging high-growth markets such as advanced defense systems and small modular reactors, while advancing toward our long-term financial targets.”

1

Adjusted net income per diluted share, Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. See attached tables and other information for important disclosures regarding Graham’s use of these non-GAAP measures.

2

Orders, backlog and book-to-bill ratio are key performance metrics. See “Key Performance Indicators” below for important disclosures regarding Graham’s use of these metrics.

Graham Corporation Reports Second Quarter Fiscal 2027 Results

November 5, 2026

Page 2 of 10

Second Quarter Fiscal 2027 Performance Review

(All comparisons are with the same prior-year period unless noted otherwise.)

($ in thousands except per share data)

Q2 FY27

Q2 FY26

$ Change

% Change

YTD

FY 2027

YTD

FY 2026

Change

% Change

Net sales

$ 69,760

$ 66,027

$ 3,733

6 %

$ 141,102

$ 121,514

$ 19,588

16 %

Gross profit

$ 19,673

$ 14,306

$ 5,367

38 %

$ 37,474

$ 29,027

$ 8,447

29 %

Gross margin

28.2 %

21.7 %

650 bps

26.6 %

23.9 %

270 bps

Operating income

$ 5,832

$ 4,271

$ 1,561

37 %

$ 9,984

$ 9,235

$ 749

8 %

Operating margin

8.4 %

6.5 %

190 bps

7.1 %

7.6 %

-50 bps

Net income

$ 4,637

$ 3,090

$ 1,547

50 %

$ 8,549

$ 7,685

$ 864

11 %

Net income margin

6.6 %

4.7 %

190 bps

6.1 %

6.3 %

-20 bps

Net income per diluted share

$ 0.39

$ 0.28

$ 0.11

39 %

$ 0.73

$ 0.69

$ 0.04

6 %

Adjusted net income*

$ 6,170

$ 3,429

$ 2,741

80 %

$ 11,908

$ 8,367

$ 3,541

42 %

Adjusted net income per diluted share*

$ 0.52

$ 0.31

$ 0.21

68 %

$ 1.01

$ 0.75

$ 0.26

35 %

Adjusted EBITDA*

$ 10,303

$ 6,295

$ 4,008

64 %

$ 19,053

$ 13,133

$ 5,920

45 %

Adjusted EBITDA margin*

14.8 %

9.5 %

530 bps

13.5 %

10.8 %

270 bps

*

Graham believes that, when used in conjunction with measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), adjusted net income, adjusted net income per diluted share, adjusted EBITDA and adjusted EBITDA margin, which are non-GAAP measures, help in the understanding of its operating performance. See attached tables and other information provided at the end of this press release for important disclosures regarding Graham’s use of these non-GAAP measures.

Net sales for the second quarter of fiscal 2027 were $69.8 million, up $3.7 million, or 6%, compared with the second quarte

EX-99.1

2 d28324dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

IMMEDIATE RELEASE

Graham Corporation Reports First Quarter Fiscal 2027 Results

First Quarter Fiscal 2027 Highlights:

•

Record net sales of $71.3 million, increased 29% compared to the prior year reflecting strength of diversified revenue base

•

Gross profit increased 21% to $17.8 million; Gross profit margin was 25.0%

•

Net income per diluted share was $0.33; Adjusted net income per diluted share(1) was $0.49

•

Adjusted EBITDA (1) increased 28% to $8.8 million; Adjusted EBITDA margin(1) was 12.3%

•

Orders (2) were $95.9 million; Book-to-Bill (2) ratio of 1.3x and record backlog (2) of $557.2 million

•

Strengthened balance sheet with $27.0 million in cash and no outstanding debt following $50.0 million stock issuance and repayment of $13.0 million of debt during the quarter

•

Reaffirming full year fiscal 2027 guidance

BATAVIA, NY, August 6, 2026 – Graham Corporation (NYSE: GHM) (“GHM” or the “Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the Defense, Space, and Energy & Process industries, today reported financial results for its first quarter for the fiscal year ending March 31, 2027 (“fiscal 2027”).

Graham’s President and Chief Executive Officer, Matthew J. Malone stated, “Our first quarter results reflect continued disciplined execution and give us confidence as we look ahead to the remainder of fiscal 2027. Our revenue growth was across all of our business units, and bookings remained strong, which we believe, along with our record backlog, positions us well to achieve our long-term growth and profitability goals.

Mr. Malone continued, “At our Investor Day in June 2026, we introduced our three-year financial framework as we enter our next phase of growth which reflects the favorable tailwinds we see across our end markets. As we execute against our strategy, we remain focused on converting these opportunities into profitable growth, expanding margins and delivering long-term value for our shareholders.”

First Quarter Fiscal 2027 Performance Review

(All comparisons are with the same prior-year period unless noted otherwise.)

($ in thousands except per share data)

Q1 FY27

Q1 FY26

$ Change

% Change

Net sales

$ 71,342

$ 55,487

$ 15,855

29 %

Gross profit

$ 17,801

$ 14,721

$ 3,080

21 %

Gross margin

25.0 %

26.5 %

-150 bps

Operating income

$ 4,152

$ 4,964

$ (812 )

-16 %

Operating margin

5.8 %

8.9 %

-310 bps

Net income

$ 3,912

$ 4,595

$ (683 )

-15 %

Net income margin

5.5 %

8.3 %

-280 bps

Net income per diluted share

$ 0.33

$ 0.42

$ (0.09 )

-21 %

Adjusted net income*

$ 5,738

$ 4,938

$ 800

16 %

Adjusted net income per diluted share*

$ 0.49

$ 0.45

$ 0.04

9 %

Adjusted EBITDA*

$ 8,750

$ 6,838

$ 1,912

28 %

Adjusted EBITDA margin*

12.3 %

12.3 %

-0 bps

*

Graham believes that, when used in conjunction with measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), adjusted net income, adjusted net income per diluted share, adjusted EBITDA and adjusted EBITDA margin, which are non-GAAP measures, help in the understanding of its operating performance. See attached tables and other information provided at the end of this press release for important disclosures regarding Graham’s use of these non-GAAP measures.

1

Adjusted net income per diluted share, Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. See attached tables and other information for important disclosures regarding Graham’s use of these non-GAAP measures.

2

Orders, backlog and book-to-bill ratio are key performance metrics. See “Key Performance Indicators” below for important disclosures regarding Graham’s use of these metrics.

Graham Corporation Reports First Quarter Fiscal 2027 Results

August 6, 2026

Page 2 of 11

Net sales for the first quarter of fiscal 2027 were $71.3 million, up $15.9 million, or 29%, compared with the first quarter of fiscal 2026, reflecting the strength of our diversified revenue base, as well as the acquisition of FlackTek, which added $6.6 million to revenue during the quarter. The increase for the quarter was across multiple markets, including an $11.8 million, or 40%, increase in sales to the Defense market, primarily due to the timing of project milestones, as well as new programs and growth in existing programs. Sales to the Space market increased $2.9 million, or 86%, over the prior year first quarter, due to new programs and the ramp up of existing programs, as well as the FlackTek acquisition. Sales to the Energy & Process markets increased $1,098, or 5%, as increases in Aftermarket sales and contributions from FlackTek were partially offset by push outs on large capital project activity. Aftermarket sales to the Energy & Process and Defense markets of $9.7 million remained strong, increasing 20% over the first quarter of the prior

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