Key Developments: Graham Corp (GHM)
27.05USD
19 Jun 2013
$-0.42 (-1.53%)
$27.47
$27.50
$27.60
$27.05
35,320
30,345
$28.00
$16.20
Latest Key Developments (Source: Significant Developments)
Graham Corp Issues FY 2014 Revenue Guidance
Graham Corp announced that for fiscal 2014, it expects sales to be in a range of $100 million to $115 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $113 for fiscal 2014. Full Article
Graham Corp Declares Quarterly Cash Dividend
Graham Corp announced that its Board of Directors, at its regular meeting, declared a quarterly cash dividend of $0.03 per common share. The dividend will be payable June 27, 2013, to stockholders of record at the close of business on June 13, 2013. Full Article
Graham Corp Secures $12 Million In Orders For North American Oil Refineries
Graham Corp announced that it was recently awarded five orders totaling $12 million during its fourth quarter which ended March 31, 2013. The projects are expected to ship at various times from the third quarter of the fiscal year ending March 31, 2014 through the third quarter of the fiscal year ending March 31, 2015. Two of the orders are for ejector systems to be installed in refineries undergoing upgrades to accommodate the processing of different types of crude oil. One of these ejector systems will replace current Graham equipment in a U.S. oil refinery to enable the processing of synthetic crude while the other ejector system will also replace Graham equipment in a Canadian oil refinery in order to expand the variety of crude oil that the facility can accept and process. The order for a steam surface condenser for installation at a U.S. refinery will replace equipment that Graham originally provided nearly 50 years ago. The other two ejector system orders will be installed at an oil sands upgrader facility located in Alberta, Canada as part of an ongoing project to increase upgrading capacity in that region. Full Article
Graham Corp Lowers FY 2013 Revenue Guidance
Graham Corp adjusted fiscal 2013 guidance and expects revenue to be in the range of $102.5 million and $107.5 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $110 million for fiscal 2013. Full Article
Graham Corp Increases Cash Dividend by 50%
Graham Corp announced that it approved a 50%increase in the annual dividend on the Company`s common stock, raising the quarterly rate from 2.0 cents per share to 3.0 cents per share for an annual rate of 12.0 cents per share. The dividend will be payable February 27, 2013, to stockholders of record at the close of business on February 13, 2013. Graham has approximately 10 million shares of its common stock outstanding. Full Article
Graham Corp Reaffirms FY 2013 Revenue Guidance
Graham Corp announced that it continues to expect fiscal 2013 sales will be in the range of $105 million to $115 million. Full Article
Graham Corp Declares Quarterly Cash Dividend
Graham Corp announced that it has declared a quarterly cash dividend of $0.02 per common share. The dividend will be payable December 7, 2012, to stockholders of record at the close of business on November 16, 2012. Graham has approximately 9.98 million shares of its common stock outstanding. Full Article
Graham Corp Secures Five Orders
Graham Corp announced that it has been awarded five orders totaling $7.5 million. The orders are expected to ship over the next nine to 15 months. The diverse group of orders includes Graham’s traditional oil refining market, as well as growing presence in renewable energy applications. In the U.S., Graham will be providing an ejector system for the revamp of an oil refinery to improve conversion of crude oil to transportation fuels. In addition, Graham is designing and manufacturing ejector and liquid ring pump systems for a U.S. refinery that recycles used oil in a re-refining process to produce lubricating oils. Full Article
Graham Corporation Declares Quarterly Cash Dividend
Graham Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.02 per common share. The dividend will be payable October 5, 2012, to stockholders of record at the close of business on September 4, 2012. Full Article
Graham Corporation Reaffirms FY, H1 2013 Revenue Guidance; Comments On H2 2013 Revenue Guidance
Graham Corporation announced that it continues to expect fiscal 2013 sales will be in the range of $105-$115 million. The Company continues to expect sales in the first half of 2013 to be similar to the second half of 2012, but expects overall growth for fiscal 2013. Based on the timing of backlog converting to sales, it expects revenue and margins to strengthen in the latter (second) half of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $112 million for fiscal 2013; revenues of $25 million for the second quarter of 2013; revenues of $31 million for the third quarter of 2013; revenues of $36 million for the fourth quarter of 2013. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
