Graham Corporation Reports Fiscal 2020 Third Quarter and Year-to-Date Results
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Graham (GHM) Misses Q3 EPS by 29c, Revenues Miss; Lowers FY20 Gross Margin Outlook, Offers FY20 Revenue Guidance
January 29, 2020 6:39 AM ESTGraham (NYSE: GHM) reported Q3 EPS of $0.00, $0.29 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $25 million versus the consensus estimate of $29.69 million.
Third quarter revenue of $25 million; third quarter orders of $20 millionBacklog remains strong at $123 million as of December 31Reiterating fiscal 2020 revenue guidance of 20% to 26% growth and revising gross margin to between 21% and 22%James R. Lines, Grahams President and Chief Executive Officer, commented, The third quarter results met our revenue expectations, however, operating profit fell short of expectations due to an... More
