Graham Reports Record FY26 Revenue & Backlog, Projects Strong FY27 Growth
GHM has more than doubled off its 52-week low of $40.605.
Summary
Graham Corporation announced record full-year revenue and backlog for fiscal 2026, and issued strong guidance for fiscal 2027, projecting substantial growth in sales and profitability.
Key Events · Earnings and Guidance · GHM
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Record Full-Year FY26 Revenue
Net sales increased 17% year-over-year to a record $245.3 million for fiscal year 2026.
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Strong FY27 Guidance Issued
The company projects fiscal 2027 net sales of $285 million to $295 million (18% growth at midpoint) and Adjusted EBITDA of $35 million to $40 million (44% growth at midpoint), with gross margins expected to improve to 24.5%-25.5%.
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Record Backlog and Orders
Graham achieved a record backlog of $532.6 million, increasing 29% year-over-year, and reported record full-year orders of $359 million, resulting in a 1.5x Book-to-Bill ratio.
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Q4 Profitability Decline
Fourth quarter net income per diluted share decreased 55% to $0.18, and Adjusted EBITDA declined 11% to $6.8 million, primarily due to a less favorable product mix.
Analysis · GHM · Technology
Graham Corporation reported record full-year fiscal 2026 revenue and backlog, driven by strong demand in Defense and Space markets. While Q4 profitability metrics saw a decline, the company provided robust fiscal 2027 guidance, projecting significant growth in net sales and Adjusted EBITDA, along with improved gross margins. This outlook suggests strong operational momentum and future profitability.
At the time of this filing, GHM was trading at $104.00 on NYSE in the Technology sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $40.61 to $110.01. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.