Graham Corporation reported record first quarter fiscal 2027 revenue of $71.3 million, up 29% year-over-year, while GAAP EPS was $0.33. The company achieved a record backlog of $557.2 million, driven by continued strength in its Defense and Space markets, and reaffirmed its full-year guidance.
Key Highlights
- Record net sales of $71.3 million increased 29% from the prior year, reflecting a 40% increase in sales to the Defense market and an 86% increase in the Space market.
- Backlog reached a new record of $557.2 million, a 15% increase year-over-year, supported by new orders of $95.9 million and a book-to-bill ratio of 1.3x.
- Gross margin contracted by 150 basis points to 25.0%, which the company attributed to a higher mix of lower-margin Defense sales during the quarter.
- The company strengthened its balance sheet with a $50.0 million stock issuance, using part of the proceeds to become debt-free.