NYSE$GHM

Graham Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Graham Corporation reported an increase in revenue and a net loss for the fourth quarter of fiscal year 2022.

Graham Corporation reported a 55% increase in revenue to $39.7 million for the quarter, driven by the Barber-Nichols acquisition and strong aftermarket sales. However, the company recorded a net loss of $1.4 million due to challenges in the defense business at Graham's Batavia operations.

  • Revenue increased 55% to $39.7 million in the quarter.
  • Defense industry revenue was $18.7 million, representing 47% of total revenue.
  • Barber-Nichols acquisition contributed $14.6 million of orders in the quarter.
  • Net loss for the fourth quarter was $1.4 million.

Headline financials

Total Revenue

$39.7M

Previous: $25.7M+54.8%
EPS (adj)

-$0.02

Previous: $0.04-150.0%
Capital Expenditures

$415K

Previous: $696K-40.4%
Free Cash Flow

$11.9M

Previous: -$3.09M+485.9%
Net Income

-$1.4M

Previous: $400K-450.0%
Operating Income

-$2.1M

Previous: $600K-450.0%
Gross Profit

$4.21M

Previous: $5M-15.8%
Cash & Equivalents

$14.7M

Previous: $59.5M-75.2%
Total Assets

$184M

Previous: $144M+27.3%
Stock-Based Comp

$210K

Previous: $43K+388.4%

Revenue & EPS history

Graham · Revenue · Quarterly

$39.7M

Q4 2022+54.8%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

Graham Corporation expects fiscal 2023 revenue to grow to $135 million to $150 million and adjusted EBITDA to increase to $6.5 million to $9.5 million.

Tailwinds

  • Revenue in fiscal 2023 is expected to be $135 million to $150 million.
  • Gross margins of approximately 16% to 17% are expected.
  • Adjusted EBITDA for fiscal 2023 is expected to be approximately $6.5 million to $9.5 million.
  • The Company expects the first quarter of fiscal 2023 to remain challenging and for results to improve as the year progresses.
  • Capital expenditures for fiscal 2023 are expected to be $4.5 million to $5.5 million.

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 Q4 2022

Historical avgQ4 2022

+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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