Graham Corporation Awarded Over $40 Million in Orders in First Quarter Fiscal Year 2023
July 29 2022 - 5:55AM
Business Wire
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 was awarded $40.3 million in orders
during its first quarter fiscal year 2023.
Within the $40.3 million of total orders, there were several
orders and trends noteworthy of mention:
- $10.0 million for commercial aftermarket
- $7.3 million of combined pump/turbo pump orders to multiple
customers in the space industry
- $7.0 million for vacuum distillation systems for a refinery in
India
- $5.6 million of combined orders for critical U.S. Navy
submarine and carrier programs
Daniel J. Thoren, President and CEO, commented, “We are truly
excited about the breadth and diversity we are seeing in our
backlog and order pipeline. We are engineering experts in complex
fluid, power, heat transfer and vacuum systems and this expertise
is being recognized in more growth-oriented markets of defense,
space and alternative energy, which augments our global energy and
process businesses.”
Graham will be hosting a conference call and webcast to review
its first quarter results that were announced separately today. The
call will be held today at 10:00 a.m. eastern time and can be
accessed at (201) 689 8560. An Internet webcast link and
accompanying slide presentation can be found at
https://ir.grahamcorp.com/.
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.
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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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