Graham Q1 sales rise 29% to $71.3 million; GAAP net income falls 15%
Graham Corporation reported first-quarter fiscal 2027 results for the quarter ended June 30, 2026, with net sales up 29% to $71.3 million, including $6.6 million from the FlackTek acquisition. GAAP net income fell 15% to $3.9 million, or $0.33 per diluted share, from $0.42 a year earlier, as gross margin declined to 25.0%. The company reaffirmed its full-year fiscal 2027 guidance, and backlog reached $557.2 million.
Key points
- Net sales were $71.3 million, up 29% from $55.5 million, with Defense sales up $11.8 million, or 40%.
- GAAP net income was $3.9 million, down 15%; diluted EPS was $0.33 versus $0.42; adjusted EPS was $0.49 versus $0.45.
- Gross margin was 25.0% versus 26.5%, which the company attributed to a higher level of lower-margin Defense sales and material receipts.
- Fiscal 2027 guidance was reaffirmed, including net sales of $285 million to $295 million; cash was $27.0 million with no debt after a $50.0 million investment from accounts advised by T. Rowe Price.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
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