The strong FY2027 guidance and record backlog provide visibility for future growth, but near-term margin pressure from mix and integration costs may weigh on sentiment. Monitor Q1 FY2027 for margin recovery and FlackTek contribution as key catalysts.
Price Chart
Executive Summary
Graham Corporation reported Q4 FY2026 revenue of $67.1M (+13% YoY), beating consensus, but GAAP net income fell 55% to $0.18/diluted share due to margin compression from mix shift and acquisition costs. Adjusted EPS of $0.33 beat the $0.30 consensus by 10%. Full-year revenue hit a record $245.3M and backlog reached $532.6M. FY2027 guidance calls for revenue of $285M-$295M and Adjusted EBITDA of $35M-$40M, implying ~18% revenue growth and ~44% EBITDA growth at the midpoints, which is bullish for the forward outlook.
Key Financial Metrics
Key Facts
- Record Q4 revenue of $67.1M, 13% YoY growth
- GAAP net income $0.18/diluted share, down 55% YoY
- Adjusted EPS $0.33 beat consensus of $0.30 (+10.9%)
- Gross margin contracted 430 bps to 22.7% due to mix and purchase accounting
- Record backlog of $532.6M, up 29% YoY
- FY2027 guidance: revenue $285M-$295M, Adj. EBITDA $35M-$40M
- Completed FlackTek acquisition; $50M PIPE from T. Rowe Price in April 2026
Financial Impact
Revenue +13% to $67.1M; GAAP net income -55% to $1.97M; Adjusted EBITDA -11% to $6.8M; FY2027 guidance implies 18% revenue growth and 44% Adj. EBITDA growth
Risk Factors
- Margin compression from lower-margin Defense sales and acquisition accounting
- Execution risk on FlackTek integration and ERP upgrade
- Tariff impact expected $1.0M-$1.5M in FY2026 could persist
- Aftermarket orders declined from record levels
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-260670 |
| Document: d79259dex992.htm | 0001193125-26-260670 |
| Document: d79259d8k.htm | 0001193125-26-260670 |
| Document: d79259dex993.htm | 0001193125-26-260670 |
| Document: 0001193125-26-260670-index-headers.html | 0001193125-26-260670 |
| Document: 0001193125-26-260670-index.html | 0001193125-26-260670 |
| Document: 0001193125-26-260670.txt | 0001193125-26-260670 |
| 8-K Data (Synthetic) | 0001193125-26-260670 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G | $68.50 | awaiting T+60 | — | $70.22 (+2.52%) |
Jul 14, 2026 15w ago | DEFA14A | $107.05 $84.34 | ▼ −21.21% | ▼ −24.59% | $70.22 (−34.40%) |
Jun 18, 2026 18w ago | 8-K | $110.73 $83.69 | ▼ −24.42% | ▼ −26.31% | $70.22 (−36.58%) |
Jun 17, 2026 18w ago | 8-K | $115.89 $87.90 | ▼ −24.15% | ▼ −27.30% | $70.22 (−39.41%) |
Jun 8, 2026 20w ago | 8-K | $95.34 $83.49 | ▼ −12.43% | ▼ −15.48% | $70.22 (−26.35%) |
Apr 30, 2026 25w ago | S-3 | $94.80 $99.82 | ▲ +5.30% | ▲ +2.23% | $70.22 (−25.93%) |
Apr 15, 2026 27w ago | 8-K | $91.97 $107.44 | ▲ +16.82% | ▲ +8.68% | $70.22 (−23.65%) |
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