Graham Corp Reports Strong Q2 2027 Results Driven by Defense and Space Growth
Graham Corp (GHM) reported strong second-quarter fiscal 2027 results, characterized by a 6% increase in net sales to $69.8 million. The company saw significant margin expansion, with gross margins rising to 28.2% from 21.7% in the prior year, fueled by the acquisition of FlackTek and a favorable product mix. Adjusted EBITDA surged 64% to $10.3 million. The growth was primarily driven by the defense sector, which accounted for 66% of total sales, and a 59% increase in space revenue. While the Energy and Process segment saw a 17% decline due to international geopolitical uncertainty, record backlog levels of $561.3 million provide significant visibility. The company also reaffirmed its optimistic full-year guidance for both revenue and adjusted EBITDA.
Tickers: $GHM
Topics: Acquisitions Adjusted EBITDA Defense and Space Markets Gross Margin Net Sales