Graham(US:GHM)2021-03-30 18:03Company 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]