Part I. FINANCIAL INFORMATION Unaudited Condensed Consolidated Financial Statements The company's unaudited statements show increased net income and sales, including detailed notes on various accounting policies Condensed Consolidated Statements of Operations (Three Months Ended June 30) | Metric | 2025 (in thousands) | 2024 (in thousands) | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net sales | $55,487 | $49,951 | $5,536 | 11.1% | | Gross profit | $14,721 | $12,368 | $2,353 | 19.0% | | Operating income | $4,964 | $3,224 | $1,740 | 53.9% | | Income before provision for income taxes | $5,013 | $3,294 | $1,719 | 52.2% | | Net income | $4,595 | $2,966 | $1,629 | 54.9% | | Basic Net income per share | $0.42 | $0.27 | $0.15 | 55.6% | | Diluted Net income per share | $0.42 | $0.27 | $0.15 | 55.6% | Condensed Consolidated Balance Sheets (As of) | Metric | June 30, 2025 (in thousands) | March 31, 2025 (in thousands) | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total current assets | $127,523 | $141,372 | $(13,849) | -9.8% | | Total assets | $252,339 | $264,110 | $(11,771) | -4.5% | | Total current liabilities | $121,059 | $136,150 | $(15,091) | -11.1% | | Total liabilities | $128,955 | $144,533 | $(15,578) | -10.8% | | Total stockholders' equity | $123,384 | $119,577 | $3,807 | 3.2% | Condensed Consolidated Statements of Cash Flows (Three Months Ended June 30) | Metric | 2025 (in thousands) | 2024 (in thousands) | Change ($) | | :--- | :--- | :--- | :--- | | Net cash (used) provided by operating activities | $(2,259) | $8,716 | $(10,975) | | Net cash used by investing activities | $(7,004) | $(3,148) | $(3,856) | | Net cash used by financing activities | $(1,614) | $(889) | $(725) | | Net (decrease) increase in cash and cash equivalents | $(10,824) | $4,672 | $(15,496) | | Cash and cash equivalents at end of period | $10,753 | $21,611 | $(10,858) | Basis of Presentation The interim financial statements are prepared according to GAAP and include all wholly-owned subsidiaries - The unaudited condensed consolidated financial statements include wholly-owned subsidiaries in Colorado, Florida, China, and India, prepared in accordance with GAAP for interim financial information and SEC rules19 - Results for the three months ended June 30, 2025, are not necessarily indicative of the full fiscal year ending March 31, 202620 Revenue Recognition Revenue is recognized upon satisfaction of performance obligations, with detailed disaggregation by market, region, and method - Revenue is recognized when performance obligations are satisfied, either upon shipment or over time, depending on contract terms21 - Remaining unsatisfied performance obligations (backlog) as of June 30, 2025, totaled $482,860, with 35% to 40% expected to be recognized within one year27 Revenue Disaggregated by Market (Three Months Ended June 30) | Market | 2025 (in thousands) | 2024 (in thousands) | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Defense | $29,535 | $29,094 | $441 | 1.5% | | Energy & Process | $22,574 | $16,910 | $5,664 | 33.5% | | Space | $3,378 | $3,947 | $(569) | -14.4% | | Net sales | $55,487 | $49,951 | $5,536 | 11.1% | Revenue Disaggregated by Geographic Region (Three Months Ended June 30) | Geographic Region | 2025 (in thousands) | 2024 (in thousands) | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Asia | $3,283 | $5,304 | $(2,021) | -38.1% | | Canada | $3,510 | $996 | $2,514 | 252.4% | | Middle East | $1,346 | $983 | $363 | 36.9% | | South America | $393 | $55 | $338 | 614.5% | | U.S. | $46,322 | $40,930 | $5,392 | 13.2% | | All other | $633 | $1,683 | $(1,051) | -62.5% | | Net sales | $55,487 | $49,951 | $5,536 | 11.1% | Revenue Recognition Method (Three Months Ended June 30) | Method | 2025 | 2024 | | :--- | :--- | :--- | | Revenue recognized over time | 80% | 82% | | Revenue recognized at shipment | 20% | 18% | Inventories Inventories are valued at the lower of cost or net realizable value using the average cost method - Inventories are valued at the lower of cost or net realizable value using the average cost method28 Major Classifications of Inventories (in thousands) | Classification | June 30, 2025 | March 31, 2025 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Raw materials and supplies | $5,806 | $5,859 | $(53) | -0.9% | | Work in process | $30,069 | $32,579 | $(2,510) | -7.7% | | Finished products | $1,511 | $1,587 | $(76) | -4.8% | | Total | $37,386 | $40,025 | $(2,639) | -6.6% | Intangible Assets The company's intangible assets primarily consist of customer relationships, technology, tradenames, and goodwill - Intangible amortization expense was $499 for the three months ended June 30, 2025, down from $554 in the prior year period31 Intangible Assets (Net Carrying Amount, in thousands) | Asset Type | June 30, 2025 | March 31, 2025 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Customer relationships | $12,874 | $13,159 | $(285) | -2.2% | | Technology and technical know-how | $10,121 | $10,310 | $(189) | -1.8% | | Tradename (amortized) | $133 | $158 | $(25) | -15.8% | | Goodwill (not amortized) | $25,520 | $25,520 | $0 | 0.0% | | Tradename (not amortized) | $6,700 | $6,700 | $0 | 0.0% | Equity-Based Compensation The company utilizes an equity incentive plan for granting stock options, RSUs, and stock awards - The 2020 Graham Corporation Equity Incentive Plan allows for grants of stock options, restricted stock units (RSUs), and stock awards32 Equity-Based Compensation Expense (Three Months Ended June 30, in thousands) | Type | 2025 | 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Restricted stock awards | $0 | $27 | $(27) | -100.0% | | Restricted stock units | $489 | $288 | $201 | 69.8% | | Employee stock purchase plan | $43 | $29 | $14 | 48.3% | | Total | $532 | $344 | $188 | 54.7% | Income Per Share This note provides the calculation and components of basic and diluted net income per share Income Per Share Data (Three Months Ended June 30) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Basic Net income per share | $0.42 | $0.27 | $0.15 | 55.6% | | Diluted Net income per share | $0.42 | $0.27 | $0.15 | 55.6% | | Weighted average common shares outstanding (Basic) | 10,927 | 10,862 | 65 | 0.6% | | Weighted average common and potential common shares outstanding (Diluted) | 11,033 | 10,958 | 75 | 0.7% | Product Warranty Liability This note details the changes in the company's product warranty liability during the period Product Warranty Liability Reconciliation (Three Months Ended June 30, in thousands) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Balance at beginning of period | $786 | $806 | $(20) | -2.5% | | (Income) expense for product warranties | $(2) | $23 | $(25) | -108.7% | | Product warranty claims paid | $(53) | $127 | $74 | -58.3% | | Balance at end of period | $731 | $702 | $29 | 4.1% | Cash Flow Statement This note provides supplemental information related to the consolidated statements of cash flows Supplemental Cash Flow Information (Three Months Ended June 30, in thousands) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Interest paid | $63 | $51 | $12 | 23.5% | | Income taxes paid | $29 | $46 | $(17) | -37.0% | | Capital purchases recorded in accounts payable | $660 | $423 | $237 | 56.0% | Commitments and Contingencies The company discloses its legal proceedings, investigations, and significant lease commitments - The Company is a co-defendant in asbestos-related lawsuits but believes their resolution will not materially impact financial position or results of operations38 - An investigation into a whistleblower complaint at Graham India Private Limited (GIPL) identified misconduct totaling $150 over four years, leading to employee terminations and strengthened internal controls39 - Fixed minimum lease payments to Ascent Properties Group, LLC were $252 for Q1 FY26, with future payments of $4,544 as of June 30, 202541 Income Taxes This note details the effective tax rate and the potential impact of recent tax legislation - The effective tax rate for Q1 FY26 was 8.3%, compared to 10% for Q1 FY25, primarily due to increased discrete tax benefits from restricted stock awards45 - The Company is analyzing the One Big Beautiful Bill Act (OBBB) but does not anticipate a material impact on its financial statements or effective tax rate46 Changes in Accumulated Other Comprehensive Loss This note reconciles the changes in each component of accumulated other comprehensive loss - Net current-period other comprehensive income was $212 thousand for the three months ended June 30, 2025, compared to $122 thousand in the prior year47 Accumulated Other Comprehensive Loss (in thousands) | Component | April 1, 2025 | June 30, 2025 | Change ($) | | :--- | :--- | :--- | :--- | | Pension and Other Postretirement Benefit Items | $(6,671) | $(6,509) | $162 | | Foreign Currency Items | $(316) | $(266) | $50 | | Total | $(6,987) | $(6,775) | $212 | Debt The company details its revolving credit facility, outstanding letters of credit, and compliance with financial covenants - As of June 30, 2025, the Company had a $50,000 revolving credit facility with $44,254 available484952 - The Company was in compliance with financial covenants, including a consolidated total leverage ratio not exceeding 3.50:1.00 and a fixed charge coverage ratio of at least 1.20:1.0050 - Total letters of credit outstanding as of June 30, 2025, were $10,648, down from $10,997 at March 31, 202554 Segment Information The company operates as a single reporting segment and uses Adjusted EBITDA to evaluate performance - The Company operates as one reporting segment, designing and manufacturing technologies for the Defense, Energy & Process, and Space industries55 - The CEO, as CODM, evaluates performance based on Adjusted EBITDA, a non-GAAP measure, to assess operating performance and earnings power55 Adjusted EBITDA Reconciliation (Three Months Ended June 30, in thousands) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net income | $4,595 | $2,966 | $1,629 | 54.9% | | Adjusted EBITDA | $6,838 | $5,137 | $1,701 | 33.1% | | Net income as a % of revenue | 8.3% | 5.9% | 2.4% pts | 40.7% | | Adjusted EBITDA as a % of revenue | 12.3% | 10.3% | 2.0% pts | 19.4% | Accounting and Reporting Changes The company is currently evaluating the impact of newly issued accounting standards updates - The FASB issued ASU 2023-09 (Income Taxes) effective for annual periods after December 15, 2024, requiring additional income tax disclosures60 - The FASB issued ASU No. 2024-03 (Expense Disaggregation Disclosures) effective for fiscal years after December 15, 2026, requiring additional income statement expense disclosures61 Management's Discussion and Analysis of Financial Condition and Results of Operations This section analyzes financial condition and results, covering market performance, liquidity, backlog, and future outlook - Graham Corporation is a global leader in mission-critical technologies for Defense, Energy & Process, and Space industries, with key subsidiaries including Barber-Nichols, LLC6264 - Orders booked in Q1 FY26 were $125,898, leading to a backlog increase of $70,525 to $482,860 at June 30, 2025, with a book-to-bill ratio of 2.3x70 - Cash and cash equivalents decreased by $10,824 to $10,753 at June 30, 2025, primarily due to cash used by operating activities ($2,259) and capital expenditures ($7,004)70 - Leadership changes were announced, with Daniel J. Thoren transitioning to Executive Chairman and Matthew J. Malone assuming the CEO role, effective June 10, 202570 Key Financial Highlights (Three Months Ended June 30) | Metric | 2025 (in thousands) | 2024 (in thousands) | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net sales | $55,487 | $49,951 | $5,536 | 11% | | Gross profit | $14,721 | $12,368 | $2,353 | 19% | | Gross profit margin | 26.5% | 24.8% | 1.7% pts | 6.9% | | SG&A expenses | $9,833 | $9,274 | $559 | 6% | | SG&A as a percent of sales | 17.7% | 18.6% | -0.9% pts | -4.8% | | Net income | $4,595 | $2,966 | $1,629 | 55% | | Income per diluted share | $0.42 | $0.27 | $0.15 | 56% | Overview The company designs and manufactures custom-engineered technologies for various critical industries worldwide - Graham Corporation specializes in custom-engineered vacuum, heat transfer, cryogenic pump, and turbomachinery technologies for Defense, Energy & Process, and Space industries62 - Key subsidiaries include Barber-Nichols, LLC (turbomachinery), P3 Technologies, LLC (turbomachinery engineering), and operations in China and India64 Summary of Highlights The first quarter of fiscal 2026 saw significant growth in sales, gross profit, net income, and backlog - Energy & Process sales increased by $5,664 (33%) due to Chemical/Petrochemical and New Energy markets, with strong aftermarket sales up 33%66 - Backlog increased by $70,525 to $482,860, driven by $125,898 in new orders, including $86,500 for the U.S. Navy's Virginia Class Submarine program70 - Cash and cash equivalents decreased by $10,824 to $10,753, primarily due to $2,259 cash used in operations and $7,004 in capital expenditures70 Q1 FY26 Financial Highlights (vs. Q1 FY25) | Metric | 2025 (in thousands) | 2024 (in thousands) | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net sales | $55,487 | $49,951 | $5,536 | 11% | | Gross profit | $14,721 | $12,368 | $2,353 | 19% | | Gross profit margin | 26.5% | 24.8% | 1.7% pts | 6.9% | | SG&A expenses | $9,397 | $8,838 | $559 | 6% | | Net income | $4,595 | $2,966 | $1,629 | 55% | | Diluted EPS | $0.42 | $0.27 | $0.15 | 56% | Cautionary Note Regarding Forward-Looking Statements This report contains forward-looking statements that are subject to various risks and uncertainties - The report contains forward-looking statements subject to known and unknown risks that may cause actual results to differ materially from expectations6768 - Readers should not place undue reliance on forward-looking statements and should consider risk factors detailed in the Form 10-K68 Current Market Conditions The company anticipates strong demand in Defense, a transition in Energy & Process, and growth potential in Space - End market disclosures have been updated, consolidating several markets into "Energy & Process"7071 - Demand in the Defense market is expected to remain strong and expand due to budget plans and accelerated ship build schedules72 - The Energy & Process market faces transition, with long-term growth expected from industrial goods and alternative/clean energy737475 - The Company is investing in technology like the NextGen™ steam ejector nozzle, with an estimated market opportunity exceeding $50,000 over 5-10 years76 - The Space market offers growth potential, but revenue can be uncertain due to the variable nature of sales77 - The Defense market comprised 87% of total backlog at June 30, 2025, reflecting a strategic focus on this market78 Results of Operations The company achieved higher sales, improved gross profit margin, and significant growth in net income for the quarter - Gross profit margin improved by 170 basis points to 26.5% in Q1 FY26, driven by higher sales volume and better execution85 - SG&A expenses increased by $559 (6%) to $9,833, reflecting investments, but decreased as a percentage of sales from 18.6% to 17.7%86 - Net income for Q1 FY26 was $4,595 ($0.42 diluted EPS), up from $2,966 ($0.27 diluted EPS) in Q1 FY2590 Net Sales by Market (Three Months Ended June 30) | Market | 2025 (in thousands) | % of Total | 2024 (in thousands) | % of Total | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Defense | $29,535 | 53% | $29,094 | 58% | $441 | 2% | | Energy & Process | $22,574 | 41% | $16,910 | 34% | $5,664 | 33% | | Space | $3,378 | 6% | $3,947 | 8% | $(569) | -14% | | Net sales | $55,487 | 100% | $49,951 | 100% | $5,536 | 11% | Net Sales by Geographic Region (Three Months Ended June 30) | Geographic Region | 2025 (in thousands) | % of Total | 2024 (in thousands) | % of Total | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | United States | $46,322 | 83% | $40,930 | 82% | $5,392 | 13% | | International | $9,165 | 17% | $9,021 | 18% | $144 | 2% | | Net sales | $55,487 | 100% | $49,951 | 100% | $5,536 | 11% | Non-GAAP Measures Management uses non-GAAP measures like Adjusted EBITDA and adjusted net income to assess performance - Adjusted EBITDA, adjusted net income, and adjusted net income per diluted share are non-GAAP measures used to assess financial and operating performance9192 - These non-GAAP measures exclude charges and credits not directly related to operating performance, such as depreciation, amortization, and acquisition costs93 Adjusted Net Income Reconciliation (Three Months Ended June 30, in thousands) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net income (GAAP) | $4,595 | $2,966 | $1,629 | 54.9% | | Adjusted net income (Non-GAAP) | $4,938 | $3,584 | $1,354 | 37.8% | | GAAP net income per diluted share | $0.42 | $0.27 | $0.15 | 55.6% | | Adjusted net income per diluted share | $0.45 | $0.33 | $0.12 | 36.4% | Liquidity and Capital Resources The company's liquidity was impacted by bonus payments and increased capital expenditures, while maintaining a strong credit facility - Net cash used by operating activities was $2,259 in Q1 FY26, compared to $8,716 provided in Q1 FY25, primarily due to bonus payments97 - Capital expenditures increased to $7,004 in Q1 FY26, driven by investments in new manufacturing and testing facilities98 - Fiscal 2026 capital expenditures are projected to be $15,000 to $18,00099 - The Company has a $50,000 revolving credit facility with $44,254 available as of June 30, 2025, and was in compliance with all financial covenants101102 Liquidity Metrics (in thousands) | Metric | June 30, 2025 | March 31, 2025 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Cash and cash equivalents | $10,753 | $21,577 | $(10,824) | -50.2% | | Working capital | $6,464 | $5,222 | $1,242 | 23.8% | | Working capital ratio | 1.1 | 1.0 | 0.1 | 10.0% | Orders, Backlog, and Book-to-Bill Ratio Significant new orders, particularly in Defense, drove a substantial increase in total backlog and a strong book-to-bill ratio - Orders, backlog, and book-to-bill ratio are key operational metrics used to track current and future business performance105 - Orders booked in Q1 FY26 were $125,898, including $86,500 for the U.S. Navy's Virginia Class Submarine program, resulting in a book-to-bill ratio of 2.3x109 - Backlog increased 22% year-over-year to $482,860 at June 30, 2025, with 35% to 40% expected to be recognized within one year111 Orders by Market (Three Months Ended June 30, in thousands) | Market | 2025 | % of Total | 2024 | % of Total | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Defense | $106,690 | 85% | $28,617 | 51% | $78,073 | 273% | | Energy & Process | $18,795 | 15% | $25,796 | 46% | $(7,001) | -27% | | Space | $413 | 0% | $1,354 | 2% | $(941) | -69% | | Total orders | $125,898 | 100% | $55,767 | 100% | $70,131 | 126% | Backlog by Market (in thousands) | Market | June 30, 2025 | % of Total | June 30, 2024 | % of Total | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Defense | $417,768 | 87% | $327,827 | 83% | $89,941 | 27% | | Energy & Process | $51,975 | 11% | $60,890 | 15% | $(8,915) | -15% | | Space | $13,117 | 3% | $8,058 | 2% | $5,059 | 63% | | Total backlog | $482,860 | 100% | $396,775 | 100% | $86,085 | 22% | Outlook The company reiterates its full-year fiscal 2026 guidance and remains on track to achieve its fiscal 2027 goals - The Company reiterates its full-year fiscal 2026 guidance, including Net Sales of $225,000-$235,000 and Adjusted EBITDA of $22,000-$28,000112113 - The Company is on track to achieve fiscal 2027 goals of 8% to 10% average annualized organic revenue growth and low to mid-teens Adjusted EBITDA margins114 Contingencies and Commitments The company does not expect asbestos litigation or misconduct at its India subsidiary to materially impact financial results - The Company is a defendant in asbestos-related lawsuits but believes the resolution will not have a material adverse effect on its financial position116 - An investigation into misconduct at Graham India Private Limited (GIPL) concluded, with no material impact on consolidated results anticipated117 Critical Accounting Policies, Estimates, and Judgments Key accounting estimates involve revenue recognition, contingencies, and business combinations - Critical accounting estimates include labor hour estimates, total cost, and operational milestones for revenue recognition, accounting for contingencies, and business combinations119 New Accounting Pronouncements Management expects no material impact from recently issued accounting pronouncements not yet adopted - Management evaluates new ASUs and accounting pronouncements, expecting no material impact from recently issued ones not yet adopted, other than those discussed in Note 14120 Quantitative and Qualitative Disclosures About Market Risk The company details its exposure to market risks, including foreign currency, price, and interest rate fluctuations - Principal market risks include foreign currency exchange rates, price risk, and interest rate risk121 Foreign Currency The company has limited exposure to foreign currency risk, with international sales comprising 17% of the total - International consolidated sales were 17% of total sales for the first three months of fiscal 2026123 - Foreign currency exchange rate fluctuations increased cash balances by $53 in Q1 FY26123 - The Company has limited exposure to foreign currency purchases (approximately 4% of cost of products sold) and held no forward foreign currency contracts124 Price Risk The company faces price pressure from global competition and cost inflation in labor, materials, and tariffs - The Company faces competition from global manufacturers with lower production costs, leading to potential price pressure125 - Significant cost inflation in labor, raw materials, tariffs, and supply chain costs is a concern125 - The estimated impact of increased tariffs over the prior year is $2,000 to $5,000 for fiscal 2026126 Interest Rate Risk The company's interest rate risk is minimal as it currently has no variable rate debt outstanding - The Company may borrow under its variable-rate Revolving Credit Facility to fund strategic growth127 - As of June 30, 2025, there was no variable rate debt outstanding on the Revolving Credit Facility and no interest rate derivatives127 Controls and Procedures Management confirms the effectiveness of disclosure controls and procedures with no material changes to internal controls - Disclosure controls and procedures were evaluated as effective in all material respects as of June 30, 2025128 - No material changes to internal control over financial reporting occurred during the quarter129 Conclusion regarding the effectiveness of disclosure controls and procedures The CEO and CFO concluded that disclosure controls and procedures were effective as of the end of the period - The CEO and CFO concluded that disclosure controls and procedures were effective in all material respects as of June 30, 2025128 Changes in internal control over financial reporting No material changes were made to the company's internal control over financial reporting during the quarter - No material changes to internal control over financial reporting occurred during the quarter covered by this Form 10-Q129 Part II. OTHER INFORMATION Risk Factors No material changes have occurred to the risk factors previously disclosed in the company's Annual Report on Form 10-K - No material changes from the risk factors previously disclosed in the Company's Form 10-K for fiscal year ended March 31, 2025130 Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities This section confirms no issuer purchases of equity securities occurred and reiterates the company's current dividend policy - No purchases of equity securities by the issuer were made during the period131 Purchase of Equity Securities by the Issuer The company did not purchase any of its equity securities during the reporting period - No equity securities were purchased by the issuer131 Dividend Policy The company has no current intention to pay dividends and may be restricted by its credit facility - The revolving credit facility may restrict the ability to declare or pay dividends132 - No dividends were paid during the three months ended June 30, 2025, or during fiscal 2025, and there is no current intention to pay dividends132 Exhibits This section lists all exhibits filed with the Form 10-Q, including certifications and interactive data files - The report includes certifications from the Principal Executive Officer and Principal Financial Officer (Exhibits 31.1, 31.2, 32.1)134 - Material contracts referenced include the Annual Stock-Based Long-Term Incentive Award Plan and the Annual Executive Cash Bonus Program134 - Interactive Data Files (XBRL) are embedded within the Inline XBRL document134 Index of Exhibits The index lists material contracts, officer certifications, and interactive data files filed with the report - Lists material contracts, certifications (Rule 13a-14(a)/15d-14(a) and Section 1350), and Interactive Data Files (XBRL)134 Signatures The report is duly signed by the Vice President-Finance and Chief Financial Officer on behalf of the corporation - The report was signed by Christopher J. Thome, Vice President-Finance, Chief Financial Officer, Chief Accounting Officer and Corporate Secretary, on August 5, 2025137
Graham(GHM) - 2026 Q1 - Quarterly Report