This Week
  • CFO David Klein is leader of the financial team at Constellation Brands.

  • CEO Eric Converse has VirtualScopics on the verge of generating cash.

  • MaeTec Power Inc. began as a part-time operation in 2003.

  • Renovations of buildings downtown are helping to give new life to the center city.

  • Mirror Show Management grabbed the top spot on the 2015 Rochester Top 100.

  • Liz Madison is bringing the farm to doorsteps across Wayne and Monroe counties.

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

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