Graham Corporation filed its quarterly report on Form 10-Q with the SEC on August 6, 2026, covering the three months ended June 30, 2026, disclosing net sales, earnings, a common stock issuance, and balance sheet changes relative to March 31, 2026.

Key Highlights

  • Net sales of $71,342 thousand for the three months ended June 30, 2026, compared with $55,487 thousand in the same period of the prior year, according to the filing.
  • Net income of $3,912 thousand ($0.34 basic and $0.33 diluted per share) for the quarter, versus $4,595 thousand ($0.42 basic and diluted) in the prior-year quarter.
  • Common stock issuance of 600 thousand shares raised proceeds recorded as $49,862 thousand in the statements of changes in stockholders' equity, with stock issuance costs of $138 thousand reflected in the cash flow statement.
  • Total assets reached $363,960 thousand at June 30, 2026, up from $323,616 thousand at March 31, 2026.
  • Customer deposits increased to $113,135 thousand at June 30, 2026, from $102,421 thousand at March 31, 2026.
  • Long-term debt reduced to zero at June 30, 2026, compared with $13,000 thousand at March 31, 2026, following principal repayments of $13,000 thousand in the quarter.

Graham Corporation's Quarterly Operating and Financial Position Details

Graham Corporation (NYSE: GHM), a Delaware-incorporated manufacturer headquartered at 20 Florence Avenue, Batavia, New York, reported gross profit of $17,801 thousand for the three months ended June 30, 2026, compared with $14,721 thousand in the three months ended June 30, 2025, according to the filing. Selling, general and administrative expenses totaled $12,554 thousand in the current quarter versus $9,397 thousand in the prior-year period. Operating income was $4,152 thousand, down from $4,964 thousand in the same quarter a year earlier. The company reported income before provision for income taxes of $4,183 thousand, with a provision for income taxes of $271 thousand.

The filing shows that net cash used by operating activities was $12,650 thousand for the three months ended June 30, 2026, compared with $2,259 thousand used in the prior-year period. Net cash used by investing activities was $1,042 thousand, which included purchases of property, plant and equipment of $2,609 thousand, partially offset by $1,567 thousand from acquisitions, net of cash acquired. Financing activities provided net cash of $34,044 thousand, reflecting the issuance of 600 thousand shares of common stock, repayment of $13,000 thousand in debt obligations, and tax withholdings of $2,731 thousand related to net share settlements of restricted stock units and awards.

Total stockholders' equity rose to $192,196 thousand at June 30, 2026, from $140,315 thousand at March 31, 2026. Capital in excess of par value increased to $89,409 thousand from $41,699 thousand, reflecting the equity offering completed during the quarter. As of August 4, 2026, the filing reported 11,737,033 shares of common stock outstanding, with a par value of $0.10 per share. Goodwill stood at $37,326 thousand at June 30, 2026, compared with $38,078 thousand at March 31, 2026.

What Was Disclosed

Graham Corporation disclosed its unaudited condensed consolidated financial results for the three months ended June 30, 2026, including revenue growth, a decline in net income compared with the prior year, the repayment of all outstanding long-term debt, a common stock issuance, and an increase in total assets and customer deposits.