Q2 2026 Graham Corp Earnings Call Transcript

Nov 7, 2025 / 04:00 PM GMT

Release Date Price: $62.36 (+0.35%)

Transcript 10-Q8-K

Key Points

Positve

Revenue grew 23% to $66 million, driven by strong performance across all end markets.
Adjusted EBITDA increased 12% to $6.3 million, with a margin expansion of 40 basis points to 10.8%.
Bookings remain strong with a book-to-bill ratio of 1.3 times, driving backlog to a record $500.1 million, up 23% year over year.
The new 30,000 square foot advanced manufacturing facility in Batavia, New York, is expected to enhance capacity and capabilities for Navy programs.
The acquisition of Xtop Bearing Technologies is expected to be slightly accretive to fiscal 2026 results, broadening the product portfolio and strengthening competitive position.

Negative

Gross margin was impacted by an unusually high level of material receipts, reducing it by approximately 180 basis points.
The fiscal third quarter is typically the seasonally lowest revenue period due to holiday-related production schedules.
The impact of tariffs is estimated to be approximately $1 million for the first six months of fiscal 2026.
Extended decision cycles are being observed on certain large global capital projects.
The company faces potential delays in government-related projects due to appropriations and issuing of work orders.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GHM.N - Graham Corp
Q2 2026 Graham Corp Earnings Call
Nov 07, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Graham Corporation second quarter 2026 financial results conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press 0 on your telephone keypad.

Please note this conference is being recorded.

I will now turn the conference over to your host Tom Cook. Please go ahead.

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Unidentified_2 [2]
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Thank you, Carrie and good morning everyone. Welcome to Graham's

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