Graham (GHM) Raises Quarterly Dividend 100% to $0.08; 1.4% Yield
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January 30, 2015 6:57 AM EST
Graham (NYSE: GHM) reported Q3 EPS of $0.39, $0.07 better than the analyst estimate of $0.32. Revenue for the quarter came in at $33.6 million versus the consensus estimate of $31.9 million.
James R. Lines, Graham's President and Chief Executive Officer, commented, "Execution in fiscal 2015 continues to be strong, as we convert the robust order volume won during fiscal 2014 and earlier in this fiscal year. Our expanded facilities in Batavia are now being utilized, allowing us to generate solid throughput and gross profit expansion, and, by leveraging our SG&A, drive bottom line results."
Orders during the third quarter... More
January 29, 2015 5:13 PM EST
Graham (NYSE: GHM) announced today that its Board of Directors has: (i) declared a 100% increase in the Company's regular quarterly dividend; and (ii) authorized a stock repurchase program of up to $18 million.
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