Company profile

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

GHM stock data



15 Jun 20
12 Jul 20
31 Mar 21


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 23.08M 25.29M 21.64M 20.59M
Net income 576K 9K 1.21M 82K
Diluted EPS 0.06 0 0.12 0.01
Net profit margin 2.50% 0.04% 5.57% 0.40%
Net change in cash 22.1M -1.03M -1.89M -1.25M
Cash on hand 32.96M 10.85M 11.88M 13.77M
Cost of revenue 18.64M 21.24M 16.7M 15.88M
Annual (USD) Mar 20 Mar 19 Mar 18 Mar 17
Revenue 90.6M 91.83M 77.53M 91.77M
Net income 1.87M -308K -9.84M 5.02M
Diluted EPS 0.19 -0.03 -1.01 0.52
Net profit margin 2.07% -0.34% -12.70% 5.47%
Net change in cash 17.93M -25.44M 982K 15.4M
Cash on hand 32.96M 15.02M 40.46M 39.47M
Cost of revenue 72.46M 69.92M 60.56M 69.61M

Financial data from Graham earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
12 Jun 20 Schnorr Lisa M. Common Stock Buy Aquire P No 12.31 811 9.98K 12,214
9 Jun 20 Schnorr Lisa M. Common Stock Grant Aquire A No 0 3,543 0 11,403
9 Jun 20 Malvaso James J Common Stock Grant Aquire A No 0 3,543 0 26,119
9 Jun 20 Mazurkiewicz Gerard T Common Stock Grant Aquire A No 0 3,543 0 17,823
9 Jun 20 Barber James J Common Stock Grant Aquire A No 0 3,543 0 23,538
76.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 78 92 -15.2%
Opened positions 7 12 -41.7%
Closed positions 21 2 +950.0%
Increased positions 28 34 -17.6%
Reduced positions 32 27 +18.5%
13F shares
Current Prev Q Change
Total value 139.9M 224.08M -37.6%
Total shares 7.62M 7.72M -1.4%
Total puts 10.2K 0 NEW
Total calls 0 0
Total put/call ratio Infinity
Largest owners
Shares Value Change
ArrowMark Colorado 775.18K $10M +7.9%
BLK BlackRock 714.79K $9.22M +3.5%
Deprince Race & Zollo 601.56K $7.76M +15.6%
American Century Companies 565.94K $7.3M +55.5%
Vanguard 534.5K $6.9M +19.0%
THB Asset Management 459.67K $5.93M -12.9%
Renaissance Technologies 458.8K $5.92M -4.3%
Dimensional Fund Advisors 448.52K $5.79M -3.1%
Royce & Associates 418.08K $5.39M 0.0%
Foundry Partners 215.87K $2.79M -2.7%
Largest transactions
Shares Bought/sold Change
American Century Companies 565.94K +201.9K +55.5%
AWM Investment 0 -158.73K EXIT
Cadence Capital Management 0 -87.95K EXIT
Vanguard 534.5K +85.31K +19.0%
Deprince Race & Zollo 601.56K +81.06K +15.6%
THB Asset Management 459.67K -68.25K -12.9%
ArrowMark Colorado 775.18K +56.69K +7.9%
Emancipation Management 0 -51.78K EXIT
Ancora Advisors 45.16K +45.16K NEW
Two Sigma Investments 0 -35.14K EXIT

Financial report summary

  • Our business, financial condition and results of operations have been and may continue to be adversely affected by global public health pandemics, including the recent COVID-19 pandemic.
  • The COVID-19 pandemic may disrupt and cause delays in our supply chains, and such disruptions could adversely affect our results of operations and financial performance.
  • Disruption to the global oil markets and resulting substantial price decline, including from the impact of the COVID-19 pandemic, could adversely affect our customers’ and our own results of operations and financial performance.
  • COVID-19 disruption could impact our management team due to illness from the pandemic.
  • The markets we serve include the petroleum refining and petrochemical industries. These industries are both highly cyclical in nature and dependent on the prices of crude oil and natural gas as well as on the differential between the two prices. As a result, volatility in the prices of oil and natural gas may negatively impact our operating results.
  • 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.
  • A transition toward different types of energy may have a material adverse impact on our business and operating results.
  • 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 size of our contracts with the U.S. Navy may produce volatility over the short term financial results.
  • 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.
  • 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.
  • Regulation of foreign investment in India may adversely affect the operations of our Indian subsidiary.
  • 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.
  • New technology used by the ships for the U.S. Navy may delay projects and may impact our ability to grow this portion of our business.
  • Lapses in U.S. government appropriations have, and any future lapses could 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.
  • 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.
Management Discussion
  • We are a global business that designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries.  Our energy markets include oil refining, cogeneration, and alternative power.  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.
  • Graham's 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.
  • Our corporate headquarters are located in Batavia, New York.  We have production facilities co-located with our headquarters in Batavia.  We also have wholly-owned foreign subsidiaries, Graham Vacuum and Heat Transfer Technology (Suzhou) Co., Ltd. ("GVHTT"), located in Suzhou, China and Graham India Private Limited ("GIPL"), located in Ahmedabad, India.  GVHTT provides sales and engineering support for us in the People's Republic of China and management oversight throughout Southeast Asia.  GIPL serves as a sales and market development office focusing on the refining, petrochemical and fertilizer markets.
Content analysis ?
H.S. freshman Good
New words: absenteeism, accessing, aforementioned, Aid, arrangement, assistance, averse, back, caustic, CECL, closure, Columbia, compound, compressed, Condensed, confidence, consumer, content, convene, Delinquent, distancing, distribution, division, economy, endeavoring, entry, exacerbate, facilitate, fact, factory, fell, FTSE, fundamental, geopolitical, Hayward, home, hydrogen, hygiene, imbalance, implicit, importantly, IRC, lacking, laptop, layout, leader, lifetime, million, occasion, October, onsite, outbreak, outlined, outset, pandemic, PLC, precautionary, prevalent, proactive, produce, proven, ramping, reallocate, reinvest, Relief, remote, remotely, renew, renewal, residual, ROU, situation, solve, staggered, strained, sublease, travel, Tyler, unavailable, unaware, unreimbursed, Virginia, war, wholly, worn
Removed: accredited, accurately, attestation, bond, capitalization, Citigroup, clarify, dated, deemed, Deloitte, depict, detection, disqualifying, diversifying, ESOP, fifteen, frame, growing, identifying, improved, Insider, largely, licensing, LLP, machining, Moody, Narrow, netted, noncash, noncontributory, par, partially, pertain, prevention, print, recognizing, recovery, restructuring, Scope, specialty, speculative, testing, Touche, treated, unqualified