Graham Corporation Reports Fiscal 2016 Third Quarter Results

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Graham (GHM) Tops Q3 EPS by 2c

January 29, 2016 6:56 AM EST

Graham (NYSE: GHM) reported Q3 EPS of $0.13, $0.02 better than the analyst estimate of $0.11. Revenue for the quarter came in at $17.3 million versus the consensus estimate of $22.77 million.

Orders during the third quarter of fiscal 2016 were $22.3 million, net of a $3.3 million cancellation from backlog, relatively unchanged from the prior-year period. Gross orders were $25.6 million. Orders from the power and chemical/petrochemical markets were up $5.3 million and $1.3 million,... More