This Week
  • UTC Retail Inc. grabbed the top spot on the 2014 Rochester Top 100.

  • Siblings Bradley Calkins and Katherine Lindahl are co-CEOs of Rochester Midland.

  • Kelby Russell wants you to know: Local wines are among the world's finest.

  • The number of temporary help employees locally has grown since the recession.

  • Employee cross-training has become essential for organizations to run smoothly.

  • P3 Systems Inc. sells and services new and refurbished networking equipment.

Graham sales, profit rise in Q1; stock jumps

Rochester Business Journal
July 25, 2013

Graham Corp. Thursday reported increases in first-quarter profit and sales, driven by growth in the petroleum-refining sector, as well as higher volume and improved margins.

The Batavia, Genesee County manufacturer reported net income of $3.8 million, or 38 cents a diluted share, compared with $1.4 million, or 14 cents a diluted share, a year ago.

Sales were up 25 percent to $28.3 million from $22.5 million last year.

“We have begun fiscal 2014 with solid execution on our large projects, complemented by a higher level of short-cycle sales,” said James Lines, Graham president and CEO, in a statement. “Quality projects, favorable project mix and volume drove our bottom-line expansion.”

Graham expects to report sales of $100 million to $115 million this fiscal year.

Shares of Graham (NYSE MKT: GHM) were trading around $33.83 midday, up 7 percent from Thursday’s close of $31.61.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


What You're Saying 

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

Post Your Own Comment

 
Username:
Password:

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