Graham: Fiscal 4Q Earnings Snapshot
BATAVIA, N.Y. (AP) _ Graham Corp. (GHM) on Thursday reported a fiscal fourth-quarter loss of $4.6 million, after reporting a profit in the same period a year earlier.
The Batavia, New York-based company said it had a loss of 46 cents per share. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.
The maker of vacuum and heat-transfer equipment posted revenue of $23.6 million in the period.
For the year, the company reported that its loss narrowed to $308,000, or 3 cents per share. Revenue was reported as $91.8 million.
Graham expects full-year revenue in the range of $95 million to $100 million.
Graham shares have dropped 10% since the beginning of the year. The stock has decreased 20% in the last 12 months.