NYSE$GHM

Graham Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported sales growth and positive earnings per share.

Graham Corporation reported strong second-quarter results, driven by increased defense industry sales and improved efficiencies. Sales grew to $28 million, resulting in earnings per share of $0.27. The company's backlog improved sequentially to $114.9 million, and revenue guidance for the fiscal year was increased to $93 million to $97 million.

  • Sales increased to $28 million, driven by strong defense industry sales.
  • Earnings per share reached $0.27.
  • Orders for the quarter were $35.0 million, and backlog improved to $114.9 million.
  • Revenue guidance for fiscal year 2021 was raised to $93 million to $97 million.

Headline financials

Total Revenue

$28M

Previous: $21.6M+29.2%
EPS (adj)

$0.27

Previous: $0.12+125.0%
Gross Margin

27.5%

No prior period
Operating Margin

12.3%

No prior period
Orders

$35M

No prior period
Backlog

$115M

No prior period
Capital Expenditures

-$797K

Previous: -$679K-17.4%
Free Cash Flow

-$3.06M

Previous: -$2.59M-17.8%
Net Income

$2.74M

Previous: $1.21M+127.7%
Operating Income

$2.91M

Previous: -$5.87M+149.6%
Gross Profit

$7.69M

Previous: $4.95M+55.5%
Cash & Equivalents

$62.4M

No prior period
Total Assets

$145M

No prior period
Stock-Based Comp

$330K

No prior period

Revenue & EPS history

Graham · Revenue · Quarterly

$28M

Q2 2021+29.2%vs Q2 2020
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Graham Corporation increased its revenue guidance for fiscal 2021 and raised expectations for gross margin while tightening the range for SG&A expense.

Tailwinds

  • Revenue between $93 million and $97 million
  • Gross margin between 21% and 23%
  • SG&A expense between $17.0 million and $17.5 million
  • Effective tax rate of approximately 22%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.1%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+2.7%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+22.9%

Q2 2025

Best reaction

-25.5%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-10.3%-2.7%
Q3 2026+12.9%+19.7%+10.7%
Q2 2026+0.5%-2.0%-6.8%
Q1 2026-18.3%-15.9%-14.4%
Q4 2025+6.3%+10.1%+25.7%
Q3 2025-17.4%-20.4%-31.9%
Q2 2025+22.9%+24.6%+29.6%
Q4 2024+12.6%+17.7%+7.7%
Q3 2024+11.7%+15.9%+20.8%
Q2 2024-4.4%+1.4%+6.2%
Q1 2024+15.7%+20.3%+17.3%
Q1 2025+15.7%+20.3%+17.3%
Q4 2023+11.1%+11.1%+11.3%
Q3 2023+11.6%+16.4%+32.7%
Q2 2023+18.1%+16.6%+13.5%
Q1 2023+12.3%+17.7%+44.7%
Q4 2022+16.4%+20.6%-9.0%
Q3 2022-25.5%-23.0%-34.1%
Q2 2022-3.2%-1.5%-1.8%
Q1 2022-4.8%-9.7%-9.3%
Q4 2021+2.3%-0.1%-6.7%
Q3 2021-5.3%-2.7%-1.5%
Q2 2021-0.3%+1.5%+21.6%
Q1 2021+6.1%+5.8%+8.6%
Q4 2020-10.1%-10.1%-13.7%
Q3 2020-7.8%-10.8%-17.2%
Q2 2020+10.4%-2.0%-7.0%
Q1 2020+1.2%+1.8%-11.7%
Q4 2019+0.0%+1.4%-0.9%
Q3 2019-1.5%-1.1%-0.8%
Q2 2019+1.0%+1.2%-10.4%
Q1 2019+3.5%+10.0%+9.4%
Q4 2018+1.2%-1.3%-1.5%
Q3 2018+5.9%+0.5%-6.9%
Q2 2018-10.4%-11.1%-10.0%
Q1 2018-3.1%-3.0%-0.9%
Q4 2017-0.7%-3.5%-6.1%
Q3 2017+3.4%-0.3%+3.5%
Q2 2017-0.1%-3.6%+24.4%
Q1 2017-4.3%-4.2%+3.0%
Q4 2016-4.8%-1.1%+1.2%
Q3 2016+0.2%
Q2 2016-3.4%
Q1 2016+8.8%
Q4 2015-5.9%
Q3 2015-8.9%
Q2 2015+0.1%
Q1 2015-3.4%
Q4 2014+6.5%
Q3 2014-4.6%
Q2 2014-2.8%
Q1 2014+5.2%
Q4 2013+13.6%
Q3 2013+1.8%
Q2 2013+0.9%
Q1 2013+1.2%
Q4 2010-0.6%
Q4 2012-6.5%
Q3 2011+0.5%
Q3 2012+0.5%
Q2 2012+6.3%
Q4 2011-17.6%
Q2 2011-17.6%
Q1 2011-17.6%
Q1 2012-17.6%

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