Core Viewpoint - Graham Corporation reported its financial results for the third quarter of fiscal year 2026, highlighting its position as a leader in critical technologies for various industries [1]. Financial Performance - The company’s financial results for the third quarter indicate significant performance metrics, although specific figures were not detailed in the provided text [1]. - The fiscal year ending March 31, 2026, is emphasized as a key period for the company [1]. Leadership Commentary - Matthew J. Malone, President and CEO of Graham Corporation, provided insights on the third quarter results, indicating a positive outlook for the company [1].

Financial Performance - Revenue for Q2 FY26 increased by $12.5 million, a 23% increase compared to the prior-year period[23] - Q2 FY26 gross profit increased by $1.5 million, a 12% increase[29] - The gross margin decreased by 220 bps to 21.7%[29] - Q2 FY26 GAAP Net Income was $3.1 million[11] - Adjusted EBITDA for Q2 FY26 was $6.3 million, a 12% increase[11] - The company expects net sales between $225 million and $235 million for FY26[47] Orders and Backlog - Q2 FY26 orders totaled $83.2 million[11] - The book-to-bill ratio for Q2 FY26 was 1.3x[11] - Record backlog reached $500.1 million[11] - Defense accounted for 85% of the backlog, Energy & Process 10%, and Space 5%[42] Strategic Investments and Acquisition - A new Navy Facility in Batavia, NY was completed in Q2 FY26, backed by a $13.5 million customer grant as part of a $17.6 million expansion[13] - Graham Corporation acquired Xdot Bearing Technologies for $1.5 million, including earn-outs[19]