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GHM Graham

Graham Corp. engages in the design, manufacture, and sale of equipment for the energy, defense, chemical, and petrochemical industries. Its products include surface condensers, ejector, heliflow spiral tube heat exchangers, desuperheaters and mircromix water heaters. The company was founded on March 7, 1983 and is headquartered in Batavia, NY.

Company profile

GHM stock data

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Calendar

1 Feb 21
21 Apr 21
31 Mar 22
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 20 Mar 19 Mar 18 Mar 17
Revenue
Cost of revenue
Operating income
Operating margin
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Financial data from Graham earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Mar 21 Glajch Jeffrey Common Stock Sell Dispose S No No 16.73 1,800 30.11K 59,154
8 Mar 21 Glajch Jeffrey Common Stock Sell Dispose S No No 16.04 5,193 83.3K 60,954
5 Mar 21 Glajch Jeffrey Common Stock Sell Dispose S No No 15.9 3,007 47.81K 66,147
4 Mar 21 Glajch Jeffrey Common Stock Sell Dispose S No No 15.93 5,800 92.39K 69,154
12 Jun 20 Schnorr Lisa M. Common Stock Buy Aquire P No No 12.31 811 9.98K 12,214
9 Jun 20 Schnorr Lisa M. Common Stock Grant Aquire A No No 0 3,543 0 11,403
9 Jun 20 Malvaso James J Common Stock Grant Aquire A No No 0 3,543 0 26,119

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

84.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 82 77 +6.5%
Opened positions 7 6 +16.7%
Closed positions 2 10 -80.0%
Increased positions 26 19 +36.8%
Reduced positions 27 33 -18.2%
13F shares
Current Prev Q Change
Total value 181.58M 132.42M +37.1%
Total shares 8.47M 7.47M +13.4%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
American Century Investment Management 1.01M $15.36M NEW
American Century Companies 979.41K $14.87M +3.2%
ArrowMark Colorado 741.49K $11.26M -4.9%
BLK Blackrock 718.28K $10.9M +3.7%
Vanguard 538.21K $8.17M +1.0%
Renaissance Technologies 465.5K $7.07M +1.1%
Kennedy Capital Management 452.81K $6.87M +0.5%
Royce & Associates 414.28K $6.29M 0.0%
Dimensional Fund Advisors 400.02K $6.07M -4.1%
THB Asset Management 257.31K $3.91M -13.2%
Largest transactions
Shares Bought/sold Change
American Century Investment Management 1.01M +1.01M NEW
American Capital Management 19.03K -74.07K -79.6%
THB Asset Management 257.31K -38.98K -13.2%
ArrowMark Colorado 741.49K -38.21K -4.9%
American Century Companies 979.41K +30.58K +3.2%
BEN Franklin Resources 30K +30K NEW
BLK Blackrock 718.28K +25.65K +3.7%
GBL Gamco Investors 200.23K +22.62K +12.7%
BK Bank Of New York Mellon 83.22K +19.23K +30.0%
JPM JPMorgan Chase & Co. 59.17K +18.75K +46.4%

Financial report summary

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Risks
  • 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.
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