Selling, general and administrative expenses, inclusive of amortization, increased in Q4 and FY24 + P3 acquisition-related costs - Lower bad expense; FY23 results included impact of a customer bankruptcy Cash Generation Enabled Debt Repayment and Strategic Investments March 31, 2024 Stockholders' equity 105.6 96.9 March 31, 2024 CapEx of $9.2M in 2024 Totals shown may not equal the sum due to rounding Record Full Year Orders(1) Driven By U.S. Navy Programs $28.0 $33.0 $20.8 $103.2 $22.8 $34.9 $15.6 $20.1 $2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (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, 2024 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 001-08462 GRAHAM CORPORATION (Exact name of Registrant as specified in its charter) | Delaware | 16-1194720 | | - ...

Exhibit 99.1 News Release Graham Corporation t 20 Florence Avenue t Batavia, NY 14020 IMMEDIATE RELEASE GRAHAM CORPORATION REPORTS EXPANDED MARGINS ON SALES GROWTH OF 18% TO A RECORD $185.5 MILLION FOR FISCAL 2024 BATAVIA, NY, June 7, 2024 – Graham Corporation (NYSE: GHM) ("GHM" or the "Company"), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries, today reported financial results for it ...

Investment Highlights and Strategic Rationale $39.9 $43.0 $47.6 $45.1 $43.8 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 SALES + Commercial aftermarket sales up 59% $6.2 $7.2 $11.0 $7.2 $9.7 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 15.6% 16.0% 23.1% 22.2% 16.6% + Better execution and pricing on defense contracts + Higher margin commercial aftermarket sales ADJUSTED EBITDA AND MARGIN(1) Selling, general and administrative expenses were 19% of sales, up from 13% last year Net income reflects approximately $0.7 mill ...

Financial Performance - Net sales for Q3 fiscal 2024 were $43,818, an increase of $3,945 or 10% compared to $39,873 in Q3 fiscal 2023, with organic growth of 7% excluding P3 Technologies[74] - Net income for Q3 fiscal 2024 was $165, or $0.02 per diluted share, compared to $368, or $0.03 per diluted share, in Q3 fiscal 2023; adjusted net income was $2,424, or $0.22 per diluted share, compared to $857, or $0.08 per diluted share, in the prior year[77] - Gross profit for Q3 FY24 was $9,723 million, reflecting a 56% increase from $6,227 million in Q3 FY23, with a gross profit margin of 22%[91] - For the first nine months of FY24, net sales reached $136,463 million, a 20% increase from $114,091 million in the same period of FY23[90] - Adjusted net income for the first nine months of FY24 was $7,369 million, compared to $2,511 million in the prior year[99] - Adjusted EBITDA for the three months ended December 31, 2023, was $3,852 million, representing an increase of 72% from $2,238 million in the same period of 2022, with an adjusted EBITDA margin of 8.8%[103] - Adjusted EBITDA for FY2024 is anticipated to be between $15 million and $16 million, including costs related to acquisitions and integration[119] Orders and Backlog - Orders booked in Q3 fiscal 2024 reached a record $123,267, compared to $20,044 in Q3 fiscal 2023, driven by follow-on orders for U.S. Navy programs[77] - Backlog as of December 31, 2023, was $399,244, up from $293,671 a year earlier, with P3 contributing $6,225 to the backlog[77] - Total orders for the three months ended December 31, 2023, were $123,267 million, an increase of 515% compared to $20,044 million in the same period of 2022[116] - The book-to-bill ratio for the nine-month period ended December 31, 2023, was 1.7x, indicating strong order growth driven by large defense orders[116] - Defense orders reached approximately $334,455, representing 84% of total backlog, a 43% increase from $234,485 in the previous year[118] Cash Flow and Capital Expenditures - Cash and cash equivalents decreased to $15,163 as of December 31, 2023, from $18,257 at March 31, 2023, primarily due to the acquisition of P3 and capital expenditures[77] - Capital expenditures for the first nine months of fiscal 2024 were $5,193 million, up from $2,394 million in the same period of fiscal 2023, with expectations for total capital expenditures between $8,000 million to $10,000 million for the fiscal year[106] - Net cash provided by operating activities for the first nine months of fiscal 2024 was $19,483 million, significantly higher than $8,946 million in the same period of fiscal 2023, driven by increased profitability and improved working capital management[105] - The company repaid $9,522 million in debt and used $6,812 million for the acquisition of P3 during the nine months ended December 31, 2023[107] Market Focus and Strategic Initiatives - The defense market comprised 84% of the total backlog as of December 31, 2023, reflecting the company's strategic focus on this sector[84] - The company anticipates strong demand for defense-related equipment due to increased defense budgets and geopolitical tensions[78] - The company is positioning itself to capitalize on growth opportunities in alternative and clean energy markets, including hydrogen production and geothermal power generation[81] - The defense industry accounted for 56% of sales in Q3 FY24, up from 54% in Q3 FY23, indicating a strategic shift towards defense[89] - U.S. orders accounted for 95% of total orders in Q3 FY2024, up from 40% in the same period last year[117] - The company aims for 8% to 10% average annualized organic revenue growth and Adjusted EBITDA margins in the low to mid-teens by FY2027[120] Challenges and Risks - The company is facing significant cost inflation in labor and raw materials due to global supply chain disruptions and geopolitical events[131] - Foreign currency exchange rate fluctuations reduced cash balances by $39 due to the strengthening of the U.S. dollar[128] - As of December 31, 2023, the company had $3,000 of variable rate debt outstanding, with a potential $30 impact on interest expense from a 1% change in rates[132]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 GRAHAM CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 20 Florence Avenue, Batavia, New York 14020 (Address of principal executive offices) (Zip Code) FORM 10-Q (Mark One) EXCHANGE ACT OF 1934 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 ...

Q1 FY2024 Teleconference Safe Harbor Statement Use of Forward-Looking Non-GAAP Financial Measures Orders(2) Growth driven by defense market more than doubling GAAP net income nearly tripled to $2.6 million; $0.25 per diluted share Adjusted EBITDA(1) was $5.6 million, up 105% y/y with margin increase of 420 bps to 11.8% Q1 book-to-bill ratio(2) of 1.4x with orders of $67.9 million + Defense up 133% y/y and 20% sequentially + Refining improved sequentially 29%, although down 13% y/y based on project timing GR ...

Graham Corporation (NYSE:GHM) Q1 2024 Earnings Conference Call August 7, 2023 11:00 AM ET Company Participants Debbie Pawlowski - Investor Relations Dan Thoren - President and Chief Executive Officer Chris Thome - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Gary Schwab - Valley Forge Capital Management Brett Kearney - GAMCO Investors Richard Ryan - Oak Ridge Financial Bill Baldwin - Baldwin Anthony Securities Operator Greetings, and welcome to the Graham ...

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 June 30, 2023 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 001-08462 GRAHAM CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdi ...

Graham Corporation (NYSE:GHM) Q4 2023 Earnings Conference Call June 8, 2023 11:00 AM ET Company Participants Deborah Pawlowski - Investor Relations Dan Thoren - President and Chief Executive Officer Chris Thome - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Richard Ryan - Oak Ridge Financial Brett Kearney - Gabelli Funds Bill Baldwin - Baldwin Anthony Securities Gary Schwab - Valley Forge Capital Management Operator Greetings, and welcome to the Graham Co ...