Graham Corp (GHM, Financial) filed Quarterly Report for the period ended 2009-12-31.
Graham Corp has a market cap of $157.9 million; its shares were traded at around $16.03 with a P/E ratio of 16.6 and P/S ratio of 1.5. The dividend yield of Graham Corp stocks is 0.5%.GHM is in the portfolios of Chuck Royce of ROYCE & ASSOCIATES.
Sales for the third quarter of fiscal 2010 were $12,166, a 51% decrease as compared with sales of $24,701 for the third quarter of fiscal 2009. The decrease in the current quarters sales was due to lower sales in all product lines, except aftermarket, which resulted from deferred investments by our customers in major capital projects as a result of the global economic downturn, which commenced in the fall of 2007. International sales accounted for 58% and 42% of total sales for the third quarter of fiscal 2010 and fiscal 2009, respectively. International sales year-over-year decreased $3,261, or 32%. International sales decreased in all markets, except Africa, which increased $1,190. The markets with the largest dollar decreases were Canada, off $1,517, Middle East, off $996, and South America, off $692. Domestic sales decreased $9,273, or 65% in the third quarter of fiscal 2010 compared with the third quarter of fiscal 2009.
Sales for the first nine months of fiscal 2010 were $48,412, a 37% decrease as compared with sales of $76,263 for the first nine months of fiscal 2009. The decrease was due to lower sales in all product lines, which resulted from deferred investments by our customers in major capital projects as a result of the global economic downturn, which commenced in the fall of 2007. International sales accounted for 52% and 37% of total sales for the first nine months of fiscal 2010 and fiscal 2009, respectively. International sales year-over-year decreased $3,389, or 12%. International sales decreased in all markets, except Asia and Africa, which increased $7,183 and $1,175, respectively. The markets with the largest dollar decreases were Canada, off $4,910, Middle East, off $2,746, Western Europe, off $1,985 and South America, off $1,729. Domestic sales decreased $24,462, or 51%, in the nine months ended December 31, 2009 compared with the
Net income for the three and nine months ended December 31, 2009 was $764 and $5,750, respectively, compared with $3,790 and $13,886, respectively, for the same periods in fiscal 2009. Income per diluted share in fiscal 2010 was $0.08 and $0.58 for the three and nine month periods, compared with $0.37 and $1.36 for the same periods of fiscal 2009.
Dividend payments and capital expenditures in the first nine months of fiscal 2010 were $591 and $502, respectively, compared with $557 and $1,193, respectively, for the first nine months of fiscal 2009.
Orders for the three and nine-month periods ended December 31, 2009 were $51,644 and $90,049, respectively, compared with $8,098 and $53,349 for the same periods in the prior fiscal year. Orders represent communications received from customers requesting us to supply products and services. During the third quarter of fiscal 2010, orders to all major industries increased, compared with the third quarter of fiscal 2009. Refining orders increased $12,276, orders for chemical and petrochemical increased $4,576 and power and other industrial applications increased $26,694. Orders for the first nine months of fiscal 2010 increased in all markets, with the refining market up $16,313, or 82%, petrochemical market up by $444, or 3%, and power and other industrial or commercial applications up 19,943, or 105%.
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Graham Corp has a market cap of $157.9 million; its shares were traded at around $16.03 with a P/E ratio of 16.6 and P/S ratio of 1.5. The dividend yield of Graham Corp stocks is 0.5%.GHM is in the portfolios of Chuck Royce of ROYCE & ASSOCIATES.
Highlight of Business Operations:
We continue to expect our new order levels to remain volatile, resulting in both good and weak quarters. For example, the past five quarters saw new order levels of $8,098, $20,524, $8,838, $29,567, and $51,644, sequentially. We believe that looking at our order level in one quarter does not provide an accurate indication of our future expectations or performance. Rather, we believe that looking at our orders and backlog over a rolling four-quarter time period provides a better measure of our business.Sales for the third quarter of fiscal 2010 were $12,166, a 51% decrease as compared with sales of $24,701 for the third quarter of fiscal 2009. The decrease in the current quarters sales was due to lower sales in all product lines, except aftermarket, which resulted from deferred investments by our customers in major capital projects as a result of the global economic downturn, which commenced in the fall of 2007. International sales accounted for 58% and 42% of total sales for the third quarter of fiscal 2010 and fiscal 2009, respectively. International sales year-over-year decreased $3,261, or 32%. International sales decreased in all markets, except Africa, which increased $1,190. The markets with the largest dollar decreases were Canada, off $1,517, Middle East, off $996, and South America, off $692. Domestic sales decreased $9,273, or 65% in the third quarter of fiscal 2010 compared with the third quarter of fiscal 2009.
Sales for the first nine months of fiscal 2010 were $48,412, a 37% decrease as compared with sales of $76,263 for the first nine months of fiscal 2009. The decrease was due to lower sales in all product lines, which resulted from deferred investments by our customers in major capital projects as a result of the global economic downturn, which commenced in the fall of 2007. International sales accounted for 52% and 37% of total sales for the first nine months of fiscal 2010 and fiscal 2009, respectively. International sales year-over-year decreased $3,389, or 12%. International sales decreased in all markets, except Asia and Africa, which increased $7,183 and $1,175, respectively. The markets with the largest dollar decreases were Canada, off $4,910, Middle East, off $2,746, Western Europe, off $1,985 and South America, off $1,729. Domestic sales decreased $24,462, or 51%, in the nine months ended December 31, 2009 compared with the
Net income for the three and nine months ended December 31, 2009 was $764 and $5,750, respectively, compared with $3,790 and $13,886, respectively, for the same periods in fiscal 2009. Income per diluted share in fiscal 2010 was $0.08 and $0.58 for the three and nine month periods, compared with $0.37 and $1.36 for the same periods of fiscal 2009.
Dividend payments and capital expenditures in the first nine months of fiscal 2010 were $591 and $502, respectively, compared with $557 and $1,193, respectively, for the first nine months of fiscal 2009.
Orders for the three and nine-month periods ended December 31, 2009 were $51,644 and $90,049, respectively, compared with $8,098 and $53,349 for the same periods in the prior fiscal year. Orders represent communications received from customers requesting us to supply products and services. During the third quarter of fiscal 2010, orders to all major industries increased, compared with the third quarter of fiscal 2009. Refining orders increased $12,276, orders for chemical and petrochemical increased $4,576 and power and other industrial applications increased $26,694. Orders for the first nine months of fiscal 2010 increased in all markets, with the refining market up $16,313, or 82%, petrochemical market up by $444, or 3%, and power and other industrial or commercial applications up 19,943, or 105%.
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