Benzinga | Oct 28, 2020 09:11AM EDT

Recap: Graham Q2 Earnings

Shares of Graham (NYSE:GHM) moved higher by 0.9% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 125.00% over the past year to $0.27, which beat the estimate of $0.07.

Revenue of $27,954,000 up by 29.16% year over year, which beat the estimate of $23,130,000.

Outlook

The upcoming fiscal year's revenue expected to be between $93,000,000 and $97,000,000.

How To Listen To The Conference Call

Date: Oct 28, 2020

Time: 11:00 AM

ET Webcast URL: http://public.viavid.com/index.php?id=141649

Technicals

Company's 52-week high was at $23.77

Company's 52-week low was at $10.36

Price action over last quarter: Up 1.60%

Company Description

Graham Corporation manufactures and sells critical equipment for the energy, defense, and chemical/petrochemical industries based with emphasis on the United States. Its suite of products includes ejectors, surface condensers, and liquid vacuum pumps. For the defense industry, its equipment is used in nuclear propulsion power systems for the U.S. Navy. For the chemical and petrochemical industries, its equipment is used in fertilizer, ethylene, methanol and downstream chemical facilities. The company derives its revenue from the sale of Vacuum equipment.