Graham Q1 sales beat estimates
Graham Q1 sales beat estimates
Overview
U.S. mission-critical engineering firm's fiscal Q1 revenue rose 29%, beating analyst expectations
Adjusted EBITDA for fiscal Q1 rose 28%, beating analyst expectations
Outlook
Graham reaffirms fiscal 2027 net sales guidance of $285 mln to $295 mln
Company expects fiscal 2027 adjusted EBITDA of $35 mln to $40 mln
Graham sees fiscal 2027 gross margin of 24.5% to 25.5%
Result Drivers
DEFENSE AND SPACE SALES - Co said revenue growth was driven by higher sales to Defense and Space markets, including new and existing programs
SALES MIX IMPACT - Gross margin declined 150 bps due to higher Defense sales and material receipts with lower profit margins
Company press release: ID:nBw2YqfLda
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Beat | $71.34 mln | $65.60 mln (5 Analysts) |
Q1 Adjusted EPS |
| $0.49 |
|
Q1 EPS |
| $0.33 |
|
Q1 Net Income |
| $3.91 mln |
|
Q1 Adjusted EBITDA | Beat | $8.75 mln | $6.98 mln (4 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Graham Corp is $130.00, about 24.4% above its August 5 closing price of $104.47
The stock recently traded at 53 times the next 12-month earnings vs. a P/E of 48 three months ago
Reuters Recommended Reads
Aug 5 - Redwire Corporation beats Q2 revenue estimates on strong space and defense demand, reaffirms 2026 outlook
Aug 4 - Kratos Defense Q2 revenue jumps 30.5%, raises 2026 outlook
Aug 4 - Leidos lifts annual forecasts on strong defense demand
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)