Key Developments: Graham Corp (GHM)
23.82USD
24 May 2013
$-0.05 (-0.21%)
$23.87
$23.79
$24.00
$23.55
5,991
28,415
$24.81
$16.20
Latest Key Developments (Source: Significant Developments)
Graham Corporation Lowers FY 2012 Revenue Guidance
Graham Corporation updated fiscal 2012 revenue guidance to approximately $103.2 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $107 million for fiscal 2012. 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 April 16, 2012, to stockholders of record at the close of business on April 9, 2012. Graham has approximately 9.9 million shares of its common stock outstanding. Full Article
Graham Corporation Secures $8 Million Orders For Petrochemical Projects
Graham Corporation announced that it has secured $8 million in orders that are expected to be delivered in the fourth quarter of Graham’s fiscal year 2013, which ends March 31, 2013. Full Article
Graham Corporation Narrows FY 2012 Revenue Guidance To A Range In Line With Analysts' Estimates
Graham Corporation announced that for fiscal 2012, it expects revenue to be in the range of $105 million to $108 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenues of $108 for fiscal 2012. Full Article
Graham Corporation Secures $7.0 Million Orders For Energy Markets
Graham Corporation announced that it has been awarded three orders totaling $7.0 million. Two orders were awarded by Westinghouse Electric Company to Graham's subsidiary Energy Steel & Supply Co. for the supply of structural supports and assemblies at two nuclear power plant sites in the Southeastern United States where four AP1000 pressurized water reactor units are under construction. Deliveries to the two sites are projected to span fiscal years 2013, 2014 and 2015. The third order is for a steam surface condenser to be installed at a 20MW biomass to energy facility associated with a cellulosic ethanol plant under construction in the U.S. Delivery of the condenser is planned for the second fiscal quarter of 2013 ending September 30, 2012. Full Article
Graham Corporation Secures $4.3 Million In Contracts
Graham Corporation announced that it has been awarded three new orders with a combined value of $4.3 million. All three orders are expected to ship in the fiscal year ending March 31, 2013 (fiscal 2013). An order for an ethylene production facility in Asia, which is expanding production capacity, requires two of Graham’s custom-engineered surface condensers. These condensers are planned for shipment in the third quarter of fiscal 2013, which ends December 2012. The additional two orders are for U.S. installations. A Graham vacuum ejector system will be installed in an oil refinery that is being revamped to expand its capacity and provide the capability of processing Bakken crude oil from North Dakota shale formations. It is expected to be shipped in the first quarter of fiscal 2013, which ends June 2012. Finally, Graham will supply a steam surface condenser in the second quarter of fiscal 2013, which ends September 2012, for a 40 MW biomass power plant. Full Article
Graham Corporation Raises FY 2012 Revenue Guidance
Graham Corporation announced that its revenue guidance is adjusted to a range of $104 to $110 million for fiscal 2012 from previous range of $95 million to $105 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $102 million for fiscal 2012 Full Article
Graham Corporation Declares Quarterly Cash Dividend
Graham Corporation announced that its Board of Directors, at its regular meeting declared a quarterly cash dividend of $0.02 per common share. The dividend will be payable January 6, 2012, to stockholders of record at the close of business on December 5, 2011. Full Article
Graham Corporation Receives Surface Condenser Orders Totaling $4.3 Million
Graham Corporation announced that it has been awarded orders for three steam surface condensers, two for the Chinese market and one for the U.S. market, totaling $4.3 million. The first two steam surface condensers are for a new petrochemical facility under construction in China and the third is for a capacity expansion of a U.S.-based ethylene production facility. The U.S. order will replace a condenser supplied by Graham more than 45 years ago that is still in operation. All three condensers are planned to be produced in Graham’s Batavia, New York facility, with deliveries planned for the quarter ending June 30, 2012. Graham’s current fiscal year ends March 31, 2012. Full Article
Graham Corporation Secures Two Surface Condenser Orders Totaling $2.4 Million for the Indian Market
Graham Corporation announced that it has been awarded orders for two surface condensers, both for the Indian market, totaling $2.4 million. One of the orders is for the expansion of a petrochemical facility to increase production of ethylene, with delivery planned for the quarter ending June 30, 2012. The second order will increase the production of transportation fuels at an oil refinery, with delivery expected to occur in the quarter ending September 30, 2012. Graham’s current fiscal year ends March 31, 2012. Full Article
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