Graham Corporation Reports Sales Grew to $28 Million for Fiscal 2021 Second Quarter
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Graham (GHM) Tops Q2 EPS by 20c, Revenues Beat; Raises FY21 Revenue Guidance Above Consensus
October 28, 2020 6:39 AM EDTGraham (NYSE: GHM) reported Q2 EPS of $0.27, $0.20 better than the analyst estimate of $0.07. Revenue for the quarter came in at $28 million versus the consensus estimate of $23.13 million.
Second quarter sales of $28 million yielded $0.27 earnings per shareOrders were $35.0 million in the quarter; Backlog improved sequentially to $114.9 millionRevenue guidance increased to $93 million to $97 million and gross margin expectation improved to 21% to 23%James R. Lines, Grahams President and Chief Executive Officer, commented, Results in the second quarter benefited from... More
