Q1 2027 Graham Corp Earnings Call Transcript

Aug 6, 2026 / 03:00 PM GMT

Release Date Price: $104.96 (+0.47%)

Transcript 8-K

Key Points

Positve

Record first quarter revenue of $71.3 million, up 29% year-over-year, with growth across all businesses.
Record backlog of $557 million, marking the sixth consecutive quarter of record backlog, providing high revenue visibility.
Strong defense demand with revenue up 40%, supported by new orders for submarine programs and the MK48 torpedo, including a new competitive win for the MK-19 air turbine pump.
Space revenue surged 86% year-over-year, with a book-to-bill ratio of 2.3 times, driven by programs transitioning from development to production.
FlackTech integration is progressing well, contributing $6.6 million in revenue and a 2 times book-to-bill ratio, with strong potential for cross-selling opportunities.

Negative

Gross margin decreased to 25% from 26.5% in the prior year, primarily due to a higher mix of lower-margin defense revenue and material receipts.
Net income declined to $3.9 million, or $0.33 per diluted share, from $4.6 million, or $0.42 per diluted share, in the prior year period.
Energy and process revenue growth was only 5%, as continued strength in aftermarket was offset by ongoing pushouts in large capital projects.
SG&A expenses increased by $3.2 million due to acquisition and integration activities, incremental costs from FlackTech, and investments in people and technology.
Net cash used by operating activities was $12.7 million, reflecting timing of billings, collections, and the payment of fiscal 2026 bonuses.

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

GHM.N - Graham Corp
Q1 2027 Graham Corp Earnings Call
Aug 06, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings.

Welcome to the Graham Corporation fiscal 1st quarter 2027 earnings 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 Tom Cook Investor Relations.

Thank you, Tom, you may begin.

Thank you, Dylan, and good morning, everyone.

Welcome to Graham's 1st quarter fiscal 2027 earnings call.

With me on the call today are Matt Malone, President and CEO, and Chris Dome, Chief Financial

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