Graham Corp (GHM) said after close Wednesday that it lost $0.02 per share in quarter four 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $39.7 million, beating estimates by $1.7 million.
In the same quarter a year ago, the company earned $0.04 per share on revenue of $25.7 million.
The stock is up 7.36% to $8.75 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Graham Corp a Bullish Sentiment Rank from InvestorsObserver.
Graham Corp has performed a little above average during the past few months. Before the report, Graham Corp received a Long-Term Technical Rank by InvestorsObserver of 51, putting it in the top half of stocks. The firm was recently trading at a 52-week low of $7.12 on April 6, 2022 and set a 52-week high on June 16, 2021 at $14.51.
Graham Corporation manufactures and sells critical equipment for the energy, defense, and chemical/petrochemical industries based with emphasis on the United States. Its suite of products includes ejectors, surface condensers, and liquid vacuum pumps. For the defense industry, its equipment is used in nuclear propulsion power systems for the U.S. Navy. For the chemical and petrochemical industries, its equipment is used in fertilizer, ethylene, methanol and downstream chemical facilities. The company derives its revenue from the sale of Vacuum equipment.
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Graham Corp Up 7.36% To $8.75 After Earnings Beat
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