Brief: Graham Corporation Reports Fiscal 2022 First Quarter Results

Graham

10/08/2021 11:36

Aug 10 (Reuters) - Graham Corp  GHM.N :
    * ORATION REPORTS FISCAL 2022 FIRST QUARTER RESULTS
    * Q1 REVENUE $20.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$23.8
MILLION
    * Q1 ADJUSTED NON-GAAP LOSS PER SHARE $0.28 EXCLUDING ITEMS
    * Q1 LOSS PER SHARE $0.31
    * Q1 EARNINGS PER SHARE ESTIMATE $-0.05 -- REFINITIV IBES
DATA
    * FISCAL 2022 GUIDANCE REMAINS UNCHANGED
    * EXPECTS ABOUT 35% TO 40% OF BACKLOG WILL CONVERT TO
REVENUE IN
LAST NINE MONTHS OF FISCAL 2022
    * ABOUT $25 MILLION TO $27 MILLION OF BACKLOG RELATED TO
DEFENSE
INDUSTRY IS EXPECTED TO CONVERT TO SALES IN FISCAL 2022
    * BACKLOG AT END OF QUARTER WAS $235.9 MILLION, INCLUSIVE OF
BN
BACKLOG OF $94.4 MILLION

Source text for Eikon:  ID:nBw6VxFJFa 
Further company coverage:  GHM.N 

 ((Reuters.Briefs@thomsonreuters.com;))