Company profile

Timothy J. O'Shaughnessy
Incorporated in
Fiscal year end
IRS number

GHM stock data



5 Nov 19
25 Jan 20
31 Mar 20


Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 21.64M 20.59M 23.64M 17.2M
Net income 1.21M 82K -4.55M 95K
Diluted EPS 0.12 0.01 -0.46 0.01
Net profit margin 5.57% 0.40% -19.26% 0.55%
Net change in cash -1.89M -1.25M -1.65M -6.7M
Cash on hand 11.88M 13.77M 15.02M 16.68M
Cost of revenue 16.7M 15.88M 18.84M 13.46M
Annual (USD) Mar 19 Mar 18 Mar 17 Mar 16
Revenue 91.83M 77.53M 91.77M 90.04M
Net income -308K -9.84M 5.02M 6.13M
Diluted EPS -0.03 -1.01 0.52 0.61
Net profit margin -0.34% -12.70% 5.47% 6.81%
Net change in cash -25.44M 982K 15.4M -3.2M
Cash on hand 15.02M 40.46M 39.47M 24.07M
Cost of revenue 69.92M 60.56M 69.61M 66.78M

Financial data from Graham earnings reports

13F holders
Current Prev Q Change
Total holders 82 75 +9.3%
Opened positions 11 7 +57.1%
Closed positions 4 10 -60.0%
Increased positions 28 22 +27.3%
Reduced positions 24 28 -14.3%
13F shares
Current Prev Q Change
Total value 187.93M 192.16M -2.2%
Total shares 7.61M 7.72M -1.4%
Total puts 11.6K 12.6K -7.9%
Total calls 36.5K 0 +Infinity%
Total put/call ratio 0.3 Infinity NaN%
Largest owners
Shares Value Change
ArrowMark Colorado 702.51K $13.95M -4.2%
BLK BlackRock 682.85K $13.56M +0.7%
THB Asset Management 536.62K $10.66M -9.5%
Vanguard 526.71K $10.46M -0.7%
Dimensional Fund Advisors 474.04K $9.41M -1.2%
Deprince Race & Zollo 472.69K $9.39M -23.3%
Renaissance Technologies 469.98K $9.33M +10.3%
Royce & Associates 431.65K $8.57M +14.6%
American Century Companies 268.39K $5.33M +57.6%
Foundry Partners 250.91K $4.98M -4.1%
Largest transactions
Shares Bought/sold Change
Deprince Race & Zollo 472.69K -143.31K -23.3%
American Capital Management 203.18K -138.94K -40.6%
Kennedy Capital Management 124.45K +124.45K NEW
American Century Companies 268.39K +98.11K +57.6%
Essex Investment Management 0 -82.19K EXIT
River & Mercantile Asset Management 0 -82.19K EXIT
North Star Investment Management 3.2K -70.85K -95.7%
THB Asset Management 536.62K -56.06K -9.5%
Royce & Associates 431.65K +54.9K +14.6%
Renaissance Technologies 469.98K +43.82K +10.3%

Financial report summary

  • Risks related to our business
  • The relative costs of oil, natural gas, nuclear power, hydropower and numerous forms of alternative energy production may have a material adverse impact on our business and operating results.
  • Our business is highly competitive. If we are unable to successfully implement our business strategy and compete against entities with greater resources than us or against competitors who have a relative cost advantage, we risk losing market share to current and future competitors.
  • A change in our end use customers, our markets, or a change in the engineering procurement and construction companies serving our markets could harm our business and negatively impact our financial results.
  • A change in the structure of our markets; the relationships between engineering and procurement companies, original equipment suppliers, others in the supply chain and any of their relationships with the end users could harm our business and negatively impact our financial results.
  • The loss of, or significant reduction or delay in, purchases by our largest customers could reduce our revenue and adversely affect our results of operations.
  • We may experience customer concentration risk related to strategic growth for U.S. Navy projects.
  • The impact of potential changes in customs and trade policies and tariffs imposed by the U.S. and those imposed in response by other countries, including China, as well as rapidly changing trade relations, could materially and adversely affect our business and results of operations.
  • Global demand growth could be led by emerging markets, which could result in lower profit margins and increased competition.
  • Intellectual property rights are difficult to enforce in China and India, which could harm our business.
  • Uncertainties with respect to the Chinese legal system may adversely affect the operations of our Chinese subsidiary.
  • Changes in U.S. and foreign energy policy regulations could adversely affect our business.
  • Efforts to reduce large U.S. federal budget deficits could result in government cutbacks or shifts in focus in defense spending or in reduced incentives to pursue alternative energy projects, resulting in reduced demand for our products, which could harm our business and results of operations.
  • U.S. Navy orders are subject to annual government funding. A disruption in funding could adversely impact our business.
  • Changes in the competitive environment for U.S. Navy procurement could adversely impact our ability to grow this portion of our business.
  • Contract liabilities for large U.S. Navy contracts may be beyond our normal insurance coverage and a claim could have an adverse impact on our financial results.
  • Any future lapse in U.S. government appropriations may disrupt U.S. export processing and related procedures and, as a result, may materially and adversely affect our revenue, results of operations and business.
  • Near-term income statement impact from competitive contracts could adversely affect our operating results.
  • Our operating results could be adversely affected by customer contract cancellations and delays.
  • An extended downturn could adversely impact the financial stability of our customers and increase the risk of uncollectable accounts receivables.
  • Given our size and specialization of our business, if we lose any member of our management team and we experience difficulty in finding a qualified replacement, our business could be harmed.
  • During certain high demand periods, there can be a shortage of skilled production workers, especially those with high-end welding capabilities. We could experience difficulty hiring or replacing those individuals, which could adversely affect our business.
  • Our acquisition strategy may not be successful or may increase business risk.
  • If we become subject to product liability, warranty or other claims, our results of operations and financial condition could be adversely affected.
  • If third parties infringe upon our intellectual property or if we were to infringe upon the intellectual property of third parties, we may expend significant resources enforcing or defending our rights or suffer competitive injury.
  • We are subject to foreign currency fluctuations which may adversely affect our operating results.
  • Security threats and other sophisticated computer intrusions could harm our information systems, which in turn could harm our business and financial results.
  • We face potential liability from asbestos exposure and similar claims that could result in substantial costs to us as well as divert attention of our management, which could have a material adverse effect on our business and results of operations.
  • Many of our large international customers are nationalized or state-owned businesses. Any failure to comply with the United States Foreign Corrupt Practices Act could adversely impact our competitive position and subject us to penalties and other adverse consequences, which could harm our business and results of operations.
Management Discussion
  • Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • We are a global business that designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries.  For the defense industry, our equipment is used in nuclear propulsion power systems for the U.S. Navy.  For the chemical and petrochemical industries, our equipment is used in fertilizer, ethylene, methanol and downstream chemical facilities.
  • Our global brand is built upon our world-renowned engineering expertise in vacuum and heat transfer technology, responsive and flexible service and high quality standards.  We design and manufacture custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems.  Our equipment can also be found in other diverse applications such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, and heating, ventilating and air conditioning.
Content analysis ?
H.S. freshman Avg
New words: core, driver, insight, Likewise, October, quantity, sustainability
Removed: cogeneration, comparable, diversifying, growing, led, magnitude, oil, recovery, reducing, robust