Graham Earnings Call Transcripts
Fiscal Year 2026
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A multi-year transformation has positioned the company as a diversified, technology-driven leader in defense, space, energy, and process markets, targeting 8%-10% organic revenue growth and 14%-16% EBITDA margins by 2029. Priorities include operational excellence, aftermarket, global expansion, innovation, and disciplined capital allocation.
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Record revenue, orders, and backlog were achieved in fiscal 2026, driven by strong defense and space performance, strategic acquisitions, and operational investments. Fiscal 2027 guidance calls for double-digit growth in revenue and EBITDA, supported by a robust backlog and favorable market trends.
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A five-year transformation has driven strong growth, operational excellence, and strategic expansion, especially in defense and new technologies. Facility investments, innovation synergies, and a robust backlog support margin expansion and future growth, with new markets like SMRs and disruptive acquisitions such as FlackTek enhancing the outlook.
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Mission-critical product provider is leveraging a diversified defense-commercial portfolio, recent acquisitions, and operational investments to drive double-digit growth and margin expansion. Backlog and cash flow support continued organic and inorganic growth, with higher-margin opportunities emerging as legacy contracts roll off.
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Revenue grew 21% to $56.7M with adjusted EBITDA up 50%, driven by strong defense and energy markets. Record backlog, strategic acquisitions, and facility expansions support raised guidance and long-term growth targets.
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Revenue rose 23% to $66M with strong growth in defense, energy, and space, driving record backlog and robust bookings. Investments in advanced manufacturing and the Xdot acquisition support long-term growth, while full-year guidance and fiscal 2027 targets are reaffirmed.
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Revenue rose 11% to $55.5M with strong growth in energy, process, and defense markets, driving record backlog and a 33% increase in adjusted EBITDA. Guidance for 2026-2027 is reiterated, with robust order flow and strategic investments supporting long-term growth.
Fiscal Year 2025
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A refreshed strategy focuses on defense, energy, and space, with strong growth in defense and a robust backlog supporting future investments. Financial performance is improving, with higher margins and cash flow, and new facilities and products are set to drive further growth.
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Fiscal 2025 saw 13% revenue growth and a 69% increase in adjusted EBITDA, with record backlog and strong defense market momentum. Guidance for fiscal 2026 projects continued growth, margin expansion, and major capital investments, while strategic initiatives and a robust M&A pipeline support long-term targets.
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Diversification into defense and space has doubled company size, with strong growth in revenue, margin, and backlog. Leadership transition and ongoing investments in technology, facilities, and people support a goal of $240M-$250M revenue and $35M EBITDA by FY27.
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Revenue grew 7.3% to $47M with margin expansion and strong defense performance. Backlog reached $385M, supporting robust guidance for fiscal 2025 and ongoing investments in capacity, R&D, and leadership succession.
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Record revenue and margin expansion were driven by strong defense and space demand, with backlog reaching $407 million and full-year guidance raised for both gross margin and adjusted EBITDA. Strategic investments in new technology and facilities support long-term growth.
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Record quarterly sales and net income growth were driven by strong defense and refining markets, with backlog near $400 million and robust cash generation. Fiscal 2025 guidance was reiterated, and major project wins and facility expansion support long-term growth.
Fiscal Year 2024
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Management outlined a successful transformation to a defense-focused, diversified business with strong growth in revenue, margins, and backlog. Long-term Navy contracts, strategic capital investments, and disciplined M&A support confidence in achieving ambitious 2027 financial goals.
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Management outlined a strategy of diversified growth, operational excellence, and targeted investments, with defense—especially Navy contracts—now the core revenue driver. Financial results show steady improvement, a strong balance sheet, and a record backlog, supporting guidance for double-digit growth and margin expansion through 2027.
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The company has transformed into a diversified, defense-focused manufacturer, achieving record revenue and profitability in fiscal 2024. Strong order growth and a robust backlog support double-digit revenue and margin expansion targets through 2027, with ongoing investments in capacity, efficiency, and selective M&A.
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Record revenue, orders, and profitability were achieved, driven by defense contracts and strategic investments. Fiscal 2025 guidance calls for 11% revenue growth and further margin expansion, with a strong backlog and ongoing capital projects supporting long-term targets.