FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ___________. Commission File Number 1-8462 GRAHAM CORPORATION (Exact name of Registrant as specified in its charter) Delaware 16-1194720 (State or ot ...

© 2021 Graham Corp. 1 NYSE: GHM • June 1, 2021 BNI Acquisition Announcement and Q4FY2021 Teleconference James R. Lines Chief Executive Officer Jeffrey F. Glajch Vice President & Chief Financial Officer Dan Thoren President and Chief Operating Officer Safe Harbor Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject t ...

Company Overview - Graham Corporation manufactures custom-fabricated, engineered-to-order products and solutions for defense, energy, and process industries[7] - The company's market capitalization is $158 million with 9.99 million common shares outstanding as of March 18, 2021[8] - Institutional holders own 77% of the company, while insider ownership is 4.4%[8] Financial Performance and Strategy - The company's Q3 FY21 TTM sales were $94.9 million and orders were $120.5 million[18] - Graham is aiming to increase predictable revenue streams by executing defense backlog, focusing on core installed base, and acquiring new products for core and defense markets[22] - The company intends to strengthen financial results and margins by increasing skilled labor, earning sole-source bidding opportunities, standardizing defense manufacturing processes, and acquiring strong performing businesses[23] - Graham expects $20 million to $30 million in annual revenue from penetrating the defense industry[26] - YTD FY21 sales were $71.8 million, compared to $67.5 million in YTD FY20[28] - YTD FY21 diluted EPS was $0.20, compared to $0.13 in YTD FY20[29] Market Outlook and Orders - The company is cautiously optimistic about the market outlook, with an active pipeline in Asia for refining but weakness in North America[42] - In Q3 FY2021, defense industry orders increased by $45.2 million to $52.3 million compared to Q3 FY2020[45]

© 2021 Graham Corp. 1 NYSE: GHM • February 25, 2021 Gabelli 31st Annual Pump, Valve & Water Symposium James R. Lines President & Chief Executive Officer Jeffrey F. Glajch Vice President & Chief Financial Officer Safe Harbor Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to risks, uncertainties and assumptions ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) 585-343-2216 or (Exact name of registrant as specified in its charter) (Registrant's telephone number, including area code) For the quarterly period ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ___________ Delaw ...

Graham Corp (NYSE:GHM) Q3 2021 Results Earnings Conference Call January 28, 2021 11:00 AM ET Company Participants Christopher Gordon - Investor Relations, Kei Advisors Jeffrey Glajch - Vice President, Finance and Administration, Chief Financial Officer and Corporate Secretary Alan Smith - Vice President and General Manager James Lines - President and Chief Executive Officer Conference Call Participants Theodore O'Neill - Litchfield Hills John Franzreb - Sidoti & Company, LLC Brett Kearney - Gabelli Funds Th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | Trading | | | --- | --- | --- | | Title of each class | Symbol(s) | Name of each exchange on which registered | | Common Stock, Par Value $0.10 Per Share | GHM | NYSE | For the tran ...

Financial Performance - Net sales for the first quarter of fiscal 2021 were $16,710, down 19% compared to $20,593 for the first quarter of fiscal 2020[64] - Net loss for the first quarter of fiscal 2021 was ($1,818), resulting in a diluted loss per share of ($0.18), compared to a net income of $82 and diluted income per share of $0.01 in the first quarter of fiscal 2020[64] - Gross profit margin for the first quarter of fiscal 2021 was 9%, down from 23% in the first quarter of fiscal 2020[64] - Orders booked in the first quarter of fiscal 2021 were $11,468, compared to $15,089 in the first quarter of fiscal 2020[64] - SG&A expenses for the first quarter of fiscal 2021 were $3,902, a decrease of $665 compared to $4,567 in the first quarter of fiscal 2020[64] - The effective tax rate in the first quarter of fiscal 2021 was 17%, compared to 23% in the first quarter of fiscal 2020[64] - Cash flow was negative in Q1 fiscal 2021, but positive cash flow from operations is expected for the remainder of the fiscal year[96] Sales and Backlog - Domestic sales decreased by $5,010, or 35%, in the first quarter of fiscal 2021, while international sales increased by $1,127, or 18%[64] - The backlog was $107,220 at June 30, 2020, compared to $112,389 at March 31, 2020[64] - Backlog as of June 30, 2020, was $107,220 million, down 5% from $112,389 million at March 31, 2020, with 70% to 75% expected to convert to sales within one year[90] - The company anticipates defense programs in backlog will generate $20 million to $25 million in annual revenue in fiscal 2021 and beyond[91] Cash and Investments - Cash and short-term investments at June 30, 2020, were $67,172, down from $73,003 at March 31, 2020[64] - Cash and investments decreased to $67,172 million as of June 30, 2020, from $73,003 million on March 31, 2020[86] - The company had a $25,000 million revolving credit facility with JP Morgan Chase, which can be increased to $50,000 million if needed[88] Future Projections and Plans - Fiscal 2021 revenue is projected to be between $90,000 million and $95,000 million, with a gross profit margin of 20% to 22%[95] - Production capability was approximately 50% of normal in Q1 fiscal 2021 due to COVID-19, but the company expects to operate at near normal capacity for the remaining quarters[93] - The company expects growth in its naval nuclear propulsion business due to strategic actions to increase market share, with 51% of total backlog related to U.S. Navy defense[64] - The company plans to continue seeking organic growth opportunities and potential acquisitions to expand its market presence[92] Dividend and Capital Expenditures - Dividend payments in Q1 fiscal 2021 were $1,097 million, up from $988 million in Q1 fiscal 2020, while capital expenditures increased to $338 million from $294 million[84]

Financial Performance - Net sales for Q3 FY2020 were $25,286, a 47% increase compared to $17,198 in Q3 FY2019[82] - Net income for Q3 FY2020 was $9, down from $95 in Q3 FY2019, with diluted income per share remaining at $0[82] - Net income for the first nine months of fiscal 2020 was $1,296 million, a decrease of 69% compared to $4,245 million in the same period of fiscal 2019[103] - Revenue for fiscal 2020 is expected to be approximately $100,000 million to $105,000 million, excluding the commercial nuclear utility business sold in the first quarter of fiscal 2020[116] Orders and Backlog - Orders booked in Q3 FY2020 were $20,057, compared to $23,169 in Q3 FY2019, reflecting a decrease in commercial nuclear business orders[82] - Backlog at December 31, 2019, was $122,899, down from $127,765 at September 30, 2019[82] - Orders for the three-month period ended December 31, 2019, were $20,057 million, down 13% from $23,169 million in the same period last year[110] - Backlog decreased by 4% to $122,899 million at December 31, 2019, compared to $127,765 million on September 30, 2019[113] - Domestic orders accounted for 55% of total orders in the first nine months of fiscal 2020, compared to 64% in the same period of fiscal 2019[111] Profitability and Margins - Gross profit margin for Q3 FY2020 was 16%, down from 22% in Q3 FY2019, while gross profit increased to $4,044 from $3,742[87][97] - Gross profit margin for fiscal 2020 is expected to be in the range of 21% to 22%, down from 23.9% in fiscal 2019[117] Expenses and Investments - SG&A expenses for Q3 FY2020 were $4,441, an increase from $4,308 in Q3 FY2019, primarily due to investments in sales and support[99][100] - Capital expenditures for fiscal 2020 are projected to be between $2,500 million and $2,800 million, with 75% to 80% allocated for machinery and equipment[105] Cash and Investments - Cash and short-term investments at December 31, 2019, were $69,851, down from $77,753 on March 31, 2019[87] - Cash and investments decreased to $69,851 million on December 31, 2019, from $77,753 million on March 31, 2019, a decline of $7,902 million[106] - Approximately 95% of cash and investments are held in the U.S., with the remaining 5% invested in China operations[107] Market Outlook - The company expects order activity to improve over the next several fiscal quarters despite variability in new order levels[91] - The long-term outlook for the global energy and petrochemical markets supports growth plans, driven by rising populations and economic expansion[89] Taxation - The effective tax rate for the first nine months of fiscal 2020 was 22%, compared to 16% in the same period of fiscal 2019[102] Sales Distribution - Domestic sales accounted for 53% of total sales in Q3 FY2020, down from 83% in Q3 FY2019, while international sales surged by 313%[95]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 or Commission File Number 1-8462 GRAHAM CORPORATION (Exact name of registrant as specified in its charter) Delaware 16-1194720 (State or other jurisdiction of incorporation or organization) 20 Florence Avenue, Batavia, New York 14020 (Address of principal executive offices) (Zip ...