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Graham Corp Q3 Profit and Revenue See Significant Growth

Graham Corp shows strong growth with a profit increase. The company's net income rose to $1.59 million from $0.17 million last year, indicating positive earnings per share of $0.14.

Date: 
AI Rating:   7

Overview

Graham Corp reported notable growth for the third quarter, with profits and revenue both significantly increasing compared to the previous year. This positive performance may influence investor sentiment.

Net Income

The company's net income rose to $1.59 million from just $0.17 million last year, a substantial increase that reflects strong operational performance.

Earnings Per Share (EPS)

EPS for the third quarter also increased to $0.14 from $0.02 last year, showcasing the company's ability to generate more profit per share, which is a favorable indicator for shareholders.

Revenue Growth

Graham Corp's revenue increased by 7.3%, reaching $47.04 million compared to $43.82 million last year. This growth illustrates the company's expanding market presence and operational efficiency.

Full Year Guidance

The company has provided guidance for full year revenue in the range of $200 - $210 million, which is promising and suggests continued growth ahead.