Graham Corporation (GHM)

In the past six months, Graham Corp. reported strong financial results for Q3 2026, exceeding revenue and EPS expectations, with net sales rising 21% year-over-year and adjusted net income at $0.31 per diluted share. Graham expanded through acquisitions, closing the acquisition of Xdot Bearing Technologies in October 2025 and agreeing to acquire FlackTek in January 2026. The company's stock price has shown significant appreciation, with a 65.79% increase between January 17, 2025, and January 16, 2026.

Demand for Graham Corp.'s products and services can exhibit some seasonality, particularly with a peak ordering season in 3Q FY2026. The company's strong and growing backlog, which reached a record $515.6 million in Q3 FY26, provides significant visibility into future demand. While the company has seen robust demand, particularly in its Defense sector, there have been mentions of some slowing in large capital expenditure purchases within the energy/process market.

Graham Corporation is a U.S.-based industrial engineering company specializing in the design, manufacture, and service of fluid, power, heat transfer, and vacuum technologies. Its core offerings include liquid ring vacuum pumps, surface condensers, heat exchangers, and custom-engineered vacuum systems, which are applied across diverse end markets such as power generation, petrochemical, oil and gas, LNG, semiconductor manufacturing, defense, and space. The company also provides aftermarket sales and services and has recently introduced product innovations like the NextGen™ Steam Ejector Nozzle and the integration of Xdot Foil Bearing Technology.

Headquartered in Batavia, New York, Graham Corporation has a global presence, operating in the United States, Asia, Canada, the Middle East, and South America. The company has expanded and consolidated its engineering and sales operations in Pune, India, to strengthen its global operating model. In the U.S., Graham has a Navy facility in Batavia, NY, with advanced Radiographic Testing (RT) equipment, a renovated assembly and test facility in Arvada, CO, supporting Space customer schedules, and a new cryogenic propellant testing facility in Jupiter, FL, for life-cycle turbopumps.

Graham Corporation has maintained a strong brand reputation over the past year, characterized by engineering excellence and innovation. The company was named "2024 Manufacturer of the Year" by Buffalo Business First. Graham is known for its world-renowned engineering expertise in vacuum and heat transfer, cryogenic pumps, and turbomachinery technologies, as well as its responsive service and product quality. The company's strategic acquisitions, such as Xdot Bearing Technologies and FlackTek, further demonstrate its focus on technological diversification and expanding its high-tech engineering platform.

Graham Corporation is a publicly traded company with ownership distributed among institutional investors, retail investors, and individual shareholders. Institutional investors hold approximately 81% of the company's stock, with major holders including Brandes Investment Partners, Lp, BlackRock, Inc., and Vanguard Group Inc. Individual investors, including company executives and directors, hold a smaller stake, with Daniel J. Thoren holding approximately 3.2% of the company's stock. Retail investors hold about 57.31% of GHM stock.