Graham Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 5, 2026, reporting second-quarter and first-half financial results for fiscal year 2027.

Key Highlights

  • Quarterly net income of $4,637 thousand: Up from $3,090 thousand in the same quarter of the prior year, according to the filing.
  • Net sales of $69,760 thousand for Q2: Compared with $66,027 thousand in the three months ended September 30, 2025.
  • Six-month net sales of $141,102 thousand: Up from $121,514 thousand for the six months ended September 30, 2025.
  • Cash and cash equivalents of $71,427 thousand: Sharply higher than $6,580 thousand at March 31, 2026, driven in part by common stock issuance proceeds of $50,517 thousand.
  • Customer deposits rose to $129,655 thousand: Compared with $102,421 thousand at March 31, 2026.
  • Shares outstanding of 11,737,969: As of November 5, 2026, per the cover page disclosure.
  • Long-term debt reduced to zero: Down from $13,000 thousand at March 31, 2026, following principal repayments during the six-month period.

Graham Corporation's Second-Quarter and First-Half FY2027 Financial Results

Graham Corporation (NYSE:GHM), headquartered in Batavia, New York, reported net income of $4,637 thousand for the three months ended September 30, 2026, compared with $3,090 thousand for the same period a year earlier, according to the filing. Gross profit for the quarter was $19,673 thousand, up from $14,306 thousand in the prior-year quarter. Operating income reached $5,832 thousand versus $4,271 thousand. Diluted earnings per share were $0.39 for the quarter, compared with $0.28 in the prior-year period.

For the six months ended September 30, 2026, the company reported net sales of $141,102 thousand, compared with $121,514 thousand for the same period in fiscal 2026. Six-month net income was $8,549 thousand versus $7,685 thousand. The filing shows selling, general and administrative expenses increased to $25,700 thousand for the six-month period from $19,186 thousand a year earlier. Net cash provided by operating activities was $34,070 thousand for the first half, compared with $11,324 thousand in the prior-year period, with customer deposits contributing $27,367 thousand to operating cash flows.

On the balance sheet as of September 30, 2026, total assets were $387,632 thousand, up from $323,616 thousand at March 31, 2026. The company disclosed that it issued common stock generating proceeds of $50,517 thousand during the six months ended September 30, 2026, contributing to a significant increase in capital in excess of par value, which rose to $90,707 thousand from $41,699 thousand. Long-term debt was eliminated entirely after $13,000 thousand in principal repayments during the period. Total stockholders' equity stood at $198,301 thousand, compared with $140,315 thousand at March 31, 2026.

What Was Disclosed

Graham Corporation's 10-Q for the quarter ended September 30, 2026 disclosed income statement, balance sheet, and cash flow data for the three- and six-month periods, along with a significant equity raise, full repayment of long-term debt, and a rise in customer deposits.