Core Insights - Graham Corporation reported strong performance in the second quarter of fiscal 2026, with a record backlog of $500.1 million and healthy demand across its end markets, particularly in Defense and Space sectors [3][5][16]. Financial Performance - Net sales increased by 23% to $66.0 million compared to $53.6 million in the same quarter last year [5][7]. - Gross profit rose by 12% to $14.3 million, with a gross profit margin of 21.7%, down 220 basis points from the previous year [5][8]. - Net income per diluted share was $0.28, while adjusted net income per diluted share was $0.31, reflecting no change from the prior year [5][39]. - Adjusted EBITDA increased by 12% to $6.3 million, with an adjusted EBITDA margin of 9.5% [5][39]. Orders and Backlog - Orders for the quarter totaled $83.2 million, resulting in a book-to-bill ratio of 1.3x [5][14]. - The backlog at the end of the quarter was a record $500.1 million, a 23% increase year-over-year, with approximately 85% of the backlog attributed to the Defense industry [5][16]. Market Segments - Sales in the Defense market contributed $9.9 million to growth, driven by project milestones and new programs [7]. - The Energy & Process market saw an 11% increase in sales, primarily due to growth in China, although sales in India decreased due to project timing [7]. Cash Management and Balance Sheet - The company maintained a strong balance sheet with no debt, $20.6 million in cash, and access to $44.7 million under its revolving credit facility [5][11]. - Cash provided by operating activities for the quarter was $13.6 million [10]. Strategic Outlook - The company is focused on high-return initiatives to enhance productivity and profitability, including investments in automation and advanced testing technologies [3][5]. - Full-year fiscal 2026 guidance remains unchanged, with expectations for revenue between $225 million and $235 million and adjusted EBITDA between $22 million and $28 million [19][21].

Core Viewpoint - Graham Corporation will release its second quarter fiscal year 2026 financial results on November 7, 2025, and will host a conference call to discuss these results along with the company's strategy and outlook [1][2]. Financial Results Announcement - The financial results will be announced before the markets open on November 7, 2025 [1]. - A conference call will take place at 11:00 a.m. Eastern Time on the same day, with a question-and-answer session to follow [2][3]. Conference Call Details - The conference call can be accessed via phone at (201) 689-8560 or through an internet webcast [3]. - A replay of the call will be available from 3:00 p.m. ET on the day of the teleconference until November 14, 2025 [3]. Company Overview - Graham Corporation is a global leader in designing and manufacturing mission-critical technologies for the Defense, Energy & Process, and Space industries [4]. - The company is recognized for its engineering expertise in vacuum and heat transfer, cryogenic pumps, and turbomachinery technologies [4].