Q1 2026 Graham Corp Earnings Call Transcript
Key Points
- Revenue increased by 11% to $55.5 million, driven by strong performance in energy, process markets, and aftermarket sales.
- Adjusted EBITDA rose by 33% year over year to $6.8 million, reflecting operational excellence.
- Record backlog of $482.9 million, a 22% increase over the prior year, providing strong business visibility.
- Strong momentum in US Navy programs with significant follow-on orders, ensuring stable revenue streams.
- Strategic investments in new facilities and technologies are on schedule, expected to enhance future growth and efficiency.
- Tariff impacts remain a concern, with potential costs estimated between $2 million and $5 million.
- The timing of larger global capital projects is becoming more uncertain, which could affect future revenue.
- Despite strong results, the company did not raise its gross margin guidance due to expected lower margin work later in the year.
- The space segment, while showing traction, is still in early phases and not yet significantly contributing to revenue.
- The aftermarket sales growth, which contributed to higher margins, may not sustain at the same level throughout the year.
Good day and welcome to Graham Corporation first quarter 2026 financial results conference call. (Operator Instructions). Please note this event is being recorded.
I would now like to turn the conference over to Mr. Tom Cook installations. Please go ahead.
Thank you and good morning everyone. Welcome to Graham's fiscal first quarter 2026 earnings call. With me on the call today are Matt Moore, President and Chief Executive Officer, and Christ, Chief Financial Officer. This morning we released our financial results. Our earnings release and accompanied presentation to today's call are available on our website at IR.grandcorp.com. You should be aware that we may make forward-looking statements during the formal discussion as well as during the Q&A session.
These statements apply to future events that are subject to risk and uncertainties, as well as other factors that could cause actual results to differ materially from what is stated here today. These risks and uncertainties and other factors are provided
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