GRAHAM CORP (GHM) Form 8-K — Nov 5, 2026
Graham Corporation (NYSE: GHM) reported Q2 fiscal 2027 results on November 5, 2026, with net sales of $69.8 million, up 6% year-over-year, including a $9.5 million contribution from the FlackTek acquisition. Profitability surged well ahead of the top line: gross margin expanded 650 basis points to 28.2%, net income rose 50% to $4.6 million ($0.39 diluted EPS), and adjusted EBITDA climbed 64% to $10.3 million with a 14.8% margin, up 530 basis points. The company posted a record $561.3 million backlog (up 12% YoY, seventh straight record quarter), a 1.1x book-to-bill, $71.4 million of cash with zero debt, and $46.7 million of Q2 operating cash flow.
Key figures
- Eps
- 0.39
- Revenue
- 69760000
- Guidance
- FY2027 net sales $285M-$295M (reaffirmed); adjusted EBITDA $35M-$40M (reaffirmed); gross margin 25.0%-26.0% (raised from 24.5%-25.5%); capex lowered to $15.0M-$20.0M
- Net Income
- 4637000
- Total Debt
- 0
- Revenue Yoy
- 6%
- Total Assets
- 387632000
- Cash Position
- 71427000
- Shares Outstanding
- 11738000
- Orders
- $73.7M
- Backlog
- $561.3M (record, 7th consecutive record quarter, +12% YoY)
- Adjusted eps
- $0.52 (+68% YoY)
- Book to bill
- 1.1x quarterly, 1.2x YTD
- Gross margin
- 28.2% (+650 bps)
- Adjusted ebitda
- $10.3M (+64% YoY)
- Adjusted ebitda margin
- 14.8% (+530 bps)
- Operating cash flow q2
- $46.7M
AI analysis
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