Business Wire·Jun 8, 2026, 7:00 AM ET

Graham Corporation Reports Fourth Quarter and Full-Year Fiscal 2026 Results

GHM

Graham Corporation reported record quarterly revenue of $67.1 million (up 13%) and full-year revenue of $245.3 million (up 17%) for fiscal 2026.
Quarterly net income per diluted share was $0.18, while fiscal 2026 net income per diluted share was $1.12.
Fiscal 2026 adjusted net income per diluted share increased 13% to $1.40, and adjusted EBITDA rose 16% to $26.0 million.
The company achieved a record backlog of $532.6 million (up 29% year-over-year), supported by record full-year orders of $359 million resulting in a 1.5x book-to-bill ratio.
Graham completed the acquisition of FlackTek™, establishing advanced mixing and materials processing as its third core technology platform.
Defense market sales drove quarterly growth, while Space market revenue increased 14% and Energy & Process sales remained consistent with prior year levels.
Gross margin for the full year was 23.5%, impacted by a lower-margin sales mix and tariff costs, though partially offset by operational efficiencies.
Cash provided by operating activities for fiscal 2026 was $15.9 million, while capital expenditures totaled $15.8 million focused on capacity expansion.
The balance sheet was strengthened in Q1 fiscal 2027 with a $50 million investment, of which $13 million was used for debt repayment.
Fiscal 2027 guidance projects net sales between $285 million and $295 million and adjusted EBITDA between $35 million and $40 million.
Approximately 35% to 40% of the backlog is expected to convert to revenue over the next twelve months.