Graham (GHM) Tops Q3 EPS by 2c
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Graham Corporation Reports Fiscal 2016 Third Quarter Results
January 29, 2016 6:55 AM ESTThird quarter sales of $17.3 million were lower than expected, primarily due to short-term delays caused by customersFiscal 2016 revenue expectations were lowered to range of $90 million to $95 million, adjusted for third quarter sales; Maintained gross margin and SG&A guidanceBacklog at quarter-end grew to $113.2 million$1.3 million in net income for the third quarter, or $0.13 per diluted share, positively impacted by income from cancellation feesApproximately 141,000 shares repurchased in the quarter
BATAVIA, N.Y., Jan. 29, 2016 (GLOBE... More
