- Preliminary revenue and adjusted EBITDA in line with guidance
provided in February
- Launches new corporate brand and website
Graham Corporation (NYSE: GHM), a global leader in the design
and manufacture of mission critical fluid, power, heat transfer and
vacuum technologies for the defense, space, energy and process
industries, announced that it will present the Company’s new
strategic plan and review its fourth quarter fiscal year 2022
financial results on Thursday, June 9, 2022.
During the discussion, Daniel J. Thoren, President and CEO and
Christopher J. Thome, CFO, will discuss results for the fourth
quarter and full year fiscal 2022 and provide details of the
Company’s progress to leverage Graham’s diversified business.
Graham’s new strategy and near and long-term outlook will also be
discussed. The strategic plan and financial results will be
released after the close of financial markets on Wednesday, June 8,
2022.
The Company also announced that it has rebranded with a new logo
and website to reflect the changes being made at Graham Corporation
to reflect the reenergized organization.
Mr. Thoren, commented, “These are exciting times at Graham as we
roll out our new strategy, advance critical U.S. Navy projects at
both our operations, and reenergize the earnings power in our
legacy business. We have developed a new logo to reflect the new
organization and launched a website that we believe better captures
our future. We look forward to discussing our progress and
potential during our webinar.”
The Company noted that preliminary revenue and adjusted EBITDA
for fiscal 2022 is in line with guidance provided on February 7,
2022. Guidance for revenue was in the range of $120 million to $125
million and adjusted EBITDA was expected to be a loss of $5
million.
Corporate Strategy and Financial Results Webinar
- Thursday, June 9, 2022 at 11:00 a.m. Eastern Time
- Participants may pre-register for the event here: Graham Corp.
registration Link
- Internet webcast link and accompanying slide presentations will
be available here: Graham Strategy Briefing and Fourth Quarter
Fiscal 2022 Results
A question-and-answer session will follow the presentations.
Questions may be submitted through the webinar portal or,
alternatively, a teleconference number will be provided to ask any
questions live at the event.
A webcast replay will be available on the Company’s website at
ir.grahamcorp.com, where a transcript will also be posted once
available.
ABOUT GRAHAM CORPORATION Graham is a global leader in the
design and manufacture of mission critical fluid, power, heat
transfer and vacuum technologies for the defense, space, energy and
process industries. The Graham Manufacturing and Barber-Nichols’
global brands are built upon world-renowned engineering expertise
in vacuum and heat transfer, cryogenic pumps and turbomachinery
technologies, as well as its responsive and flexible service and
the unsurpassed quality customers have come to expect from the
Company’s products and systems.
Graham routinely posts news and other important information on
its website, www.grahamcorp.com, where additional information on
Graham Corporation and its businesses can be found.
Safe Harbor Regarding Forward Looking Statements This
news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to risks, uncertainties
and assumptions and are identified by words such as “expects,”
“estimates,” “outlook,” “anticipates,” “believes,” “implies”,
“could,” “opportunities,” “plans,” ”may,” “will,” “should,” and
other similar words. All statements addressing operating
performance, events, or developments that Graham Corporation
expects or anticipates will occur in the future, including but not
limited to, its ability and the timing needed to address challenges
in its defense business, including at the Batavia, NY operations,
profitability of future projects, the development and impact of
better documentation of build processes and pricing models, its
ability to meet customers’ delivery expectations, the future impact
of low margin defense projects and related cost overruns, expected
expansion and growth opportunities within its domestic and
international markets, anticipated revenue, adjusted EBITDA,
adjusted EBITDA margins, and SG&A expenses, the timing of
conversion of backlog to sales, market presence, profit margins,
tax rates, foreign sales operations, its ability to improve cost
competitiveness and productivity, customer preferences, changes in
market conditions in the industries in which it operates, labor
constraints, the effect on its business of volatility in
commodities prices, including, but not limited to, changes in
general economic conditions and customer behavior, forecasts
regarding the timing and scope of the economic recovery in its
markets, its acquisition and growth strategy and its operations in
China, India and other international locations, are forward-looking
statements. Because they are forward-looking, they should be
evaluated in light of important risk factors and uncertainties.
These risk factors and uncertainties are more fully described in
Graham Corporation’s most recent Annual Report filed with the
Securities and Exchange Commission, included under the heading
entitled “Risk Factors.”
Should one or more of these risks or uncertainties materialize
or should any of Graham Corporation’s underlying assumptions prove
incorrect, actual results may vary materially from those currently
anticipated. In addition, undue reliance should not be placed on
Graham Corporation’s forward-looking statements. Except as required
by law, Graham Corporation disclaims any obligation to update or
publicly announce any revisions to any of the forward-looking
statements contained in this news release.
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version on businesswire.com: https://www.businesswire.com/news/home/20220602005926/en/
Christopher J. Thome Vice President - Finance and CFO Phone:
(585) 343-2216 dpawlowski@keiadvisors.com
Deborah K. Pawlowski Kei Advisors LLC Phone: (716) 843-3908
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