Earnings Releases·Nov 5, 2026, 6:30 AM ET

Graham Corporation — Second Quarter Fiscal 2027 Earnings Summary

Net sales rose 6% YoY to $69.8 million, driven by a $9.5 million contribution from FlackTek, while net income surged 50% YoY to $4.6 million and adjusted EPS increased 68% to $0.52.
Gross margin expanded 650 basis points to 28.2% and adjusted EBITDA grew 64% YoY to $10.3 million, supported by strong performance in Defense (up 12%) and Space (up 59%) segments.
Full-year fiscal 2027 net sales and adjusted EBITDA guidance were reaffirmed, though gross margin guidance was raised to 25.0–26.0% and SG&A guidance increased to 17.5–18.5% to reflect higher acquisition and integration costs.
Record backlog reached $561.3 million (up 12% YoY) with a book-to-bill ratio of 1.1x, while the company maintains a debt-free balance sheet with $71.4 million in cash and $74.7 million available under its credit facility.