This Week
  • Williamson businesses and residents are signing up to become part of a solar system.

  • RIT, RGH hold opening ceremonies for RIT's Clinical Health Sciences Center.

  • Thomas Bonadio has grown the Bonadio Group into the nation's 40th largest CPA firm.

  • Steve General Contractor was founded in 1973 by a Jamaican immigrant.

  • Tim Dougherty found satisfaction in creating a nutritional lifestyle.

  • The 2015 edition features an exclusive interview with Paychex CEO Martin Mucci.

Profit, sales fall at Graham for second quarter

Rochester Business Journal
October 26, 2012

Graham Corp. reported a drop in second-quarter sales and profit Friday as continued tough economic conditions hurt results.

The Batavia firm posted net income of $2.6 million, or 26 cents a diluted share, compared to a profit of $5.5 million, or 55 cents a diluted share, a year ago. Sales were down 23 percent to $25.9 million, versus sales of $33.6 million during last year’s second quarter.

Company leaders said the results from last year’s second quarter were boosted by a large Middle Eastern refinery project.

“Although customer actions are still somewhat tentative, we expect that bookings will continue to expand as we move forward,” said James Lines, president and CEO, in a statement. “Given the uncertain global economy, we are not yet experiencing a strong recovery. Nevertheless, we expect that building demand, when released, will generate a rapid uptick in orders once confidence is restored.”

Graham officials continue to expect fiscal 2013 sales of $105 million to $115 million.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail

What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment


Not registered? Sign up now!

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google