Graham Corporation (GHM)

Over the past six months, Graham Corp.'s stock has experienced significant appreciation. On August 5, 2025, Graham reported its quarterly earnings, with $0.45 earnings per share, surpassing the consensus estimate of $0.25. In October 2025, Weiss Ratings upgraded Graham's shares from a "hold" to a "buy" rating. On October 23, 2025, Graham's President & CEO, CFO, and President/COO participated in the Gabelli Funds 35th Annual Pump, Valve & Water Symposium. On October 27, 2025, Graham Corporation announced it would release its second-quarter fiscal year 2026 financial results on November 7, 2025.

Historically, Graham Corporation's business was heavily reliant on the cyclical energy markets, but the company has undergone a significant transformation and diversification strategy to reduce its exposure to these cycles. A majority of its revenue now comes from defense with long-term contracts, shifting away from the previous reliance on petrochemical and refining. This diversification suggests a reduced overall demand seasonality compared to its past, with defense contracts providing a more stable revenue stream.

Graham Corporation is a global leader in the design and manufacture of mission-critical fluid, power, heat transfer, and vacuum technologies, operating within the Capital Goods sector, specifically in the Industrial Machinery and Components industry. The company's primary products include vacuum systems, condensers, heat exchangers, and evaporators, engineered to optimize energy usage and enhance process efficiency in various industrial applications. Graham serves diverse markets, including oil refining, cogeneration, nuclear and alternative power within the energy sector, and provides equipment for nuclear propulsion power systems for the U.S. Navy in the defense industry. Additionally, Graham's technologies are utilized in the chemical/petrochemical industries and the space industry.

Graham Corporation is headquartered in Batavia, New York, USA, and has a significant international presence, exporting its products and services globally. Its international operations include subsidiaries in China and India, and domestically, Graham maintains a sales office in Houston, Texas, and a service office in Covington, Louisiana.

Graham Corporation has a strong brand reputation built on its engineering excellence and commitment to quality, receiving numerous awards and recognition. The company emphasizes responsive and flexible service and the quality customers expect from its products and systems. Its reputation is also bolstered by its role as a strategic supplier to the U.S. Navy.

Institutional investors hold a significant majority of Graham Corporation's shares, approximately 80% as of October 18, 2025. Major institutional shareholders include Brandes Investment Partners, Lp, BlackRock, Inc., and Vanguard Group Inc. Individual investors hold a smaller stake, around 13% as of October 18, 2025. Insiders, including CEO Daniel Thoren, own some shares.