$GHM
GRAHAM CORP

2014 Q3 Form 10-Q Financial Statement

#000119312514392838 Filed on November 03, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q1 2013 Q3
Revenue $35.57M $26.09M $24.49M
YoY Change 45.23% -15.59% -5.45%
Cost Of Revenue $24.58M $18.67M $16.20M
YoY Change 51.73% -8.3% -9.94%
Gross Profit $10.98M $7.418M $8.289M
YoY Change 32.51% -29.65% 4.75%
Gross Profit Margin 30.88% 28.44% 33.85%
Selling, General & Admin $4.694M $4.190M $4.393M
YoY Change 6.85% -12.53% 0.32%
% of Gross Profit 42.73% 56.48% 53.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $580.0K $550.0K $550.0K
YoY Change 5.45% 5.77% 5.77%
% of Gross Profit 5.28% 7.41% 6.64%
Operating Expenses $4.694M $4.240M $4.393M
YoY Change 6.85% -12.58% 0.32%
Operating Profit $6.290M $3.178M $3.896M
YoY Change 61.45% -44.2% 10.24%
Interest Expense -$3.000K $60.00K $4.000K
YoY Change -175.0% 500.0% -101.08%
% of Operating Profit -0.05% 1.89% 0.1%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income $6.272M $3.240M $3.846M
YoY Change 63.08% -43.16% -0.39%
Income Tax $2.086M $920.0K $1.257M
% Of Pretax Income 33.26% 28.4% 32.68%
Net Earnings $4.186M $2.317M $2.589M
YoY Change 61.68% -43.43% -0.99%
Net Earnings / Revenue 11.77% 8.88% 10.57%
Basic Earnings Per Share $0.41 $0.23 $0.26
Diluted Earnings Per Share $0.41 $0.23 $0.26
COMMON SHARES
Basic Shares Outstanding 10.13M shares 10.07M shares 10.06M shares
Diluted Shares Outstanding 10.15M shares 10.10M shares

Balance Sheet

Concept 2014 Q3 2014 Q1 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.80M $61.10M $54.90M
YoY Change 18.03% 18.18% 17.06%
Cash & Equivalents $31.80M $32.15M $22.86M
Short-Term Investments $33.00M $29.00M $32.00M
Other Short-Term Assets $1.800M $1.200M $1.300M
YoY Change 38.46% 33.33% 116.67%
Inventory $14.04M $16.52M $11.22M
Prepaid Expenses
Receivables $15.29M $10.34M $13.95M
Other Receivables $0.00 $500.0K $2.000M
Total Short-Term Assets $106.1M $97.46M $92.92M
YoY Change 14.23% 9.62% 13.45%
LONG-TERM ASSETS
Property, Plant & Equipment $19.70M $16.45M $13.24M
YoY Change 48.83% 23.79% 1.06%
Goodwill $6.938M $6.938M $6.938M
YoY Change 0.0% 0.0%
Intangibles $12.80M $12.80M
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets $194.0K $124.0K $11.00K
YoY Change 1663.64% -25.75% -99.59%
Total Long-Term Assets $47.99M $44.18M $37.93M
YoY Change 26.53% 16.78% 0.08%
TOTAL ASSETS
Total Short-Term Assets $106.1M $97.46M $92.92M
Total Long-Term Assets $47.99M $44.18M $37.93M
Total Assets $154.1M $141.6M $130.9M
YoY Change 17.79% 11.76% 9.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.66M $10.08M $7.563M
YoY Change 67.35% 6.95% -12.06%
Accrued Expenses $2.834M $2.233M $2.906M
YoY Change -2.48% -26.81% -64.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $32.08M $26.11M $21.74M
YoY Change 47.57% 4.96% -12.0%
LONG-TERM LIABILITIES
Long-Term Debt $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% -50.0%
Other Long-Term Liabilities $1.200M $1.300M $149.0K
YoY Change 705.37% 796.55% -90.07%
Total Long-Term Liabilities $1.300M $1.400M $149.0K
YoY Change 772.48% 865.52% -91.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.08M $26.11M $21.74M
Total Long-Term Liabilities $1.300M $1.400M $149.0K
Total Liabilities $41.71M $35.73M $30.85M
YoY Change 35.22% 5.89% -8.74%
SHAREHOLDERS EQUITY
Retained Earnings $99.24M $93.47M $90.43M
YoY Change 9.74% 10.44% 15.95%
Common Stock $21.80M $21.32M $20.44M
YoY Change 6.68% 8.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.064M $3.111M $3.157M
YoY Change -2.95% -3.77%
Treasury Stock Shares 306.0K shares 311.0K shares 317.0K shares
Shareholders Equity $112.4M $105.9M $100.0M
YoY Change
Total Liabilities & Shareholders Equity $154.1M $141.6M $130.9M
YoY Change 17.79% 11.76% 9.22%

Cashflow Statement

Concept 2014 Q3 2014 Q1 2013 Q3
OPERATING ACTIVITIES
Net Income $4.186M $2.317M $2.589M
YoY Change 61.68% -43.43% -0.99%
Depreciation, Depletion And Amortization $580.0K $550.0K $550.0K
YoY Change 5.45% 5.77% 5.77%
Cash From Operating Activities $5.300M $660.0K $2.290M
YoY Change 131.44% -126.19% 201.32%
INVESTING ACTIVITIES
Capital Expenditures -$1.530M -$3.100M -$600.0K
YoY Change 155.0% 349.28% 114.29%
Acquisitions
YoY Change
Other Investing Activities -$18.00M $1.500M -$4.500M
YoY Change 300.0% -419.15% -45100.0%
Cash From Investing Activities -$19.53M -$1.610M -$5.110M
YoY Change 282.19% 41.23% 1792.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -430.0K -210.0K -60.00K
YoY Change 616.67% -16.0% -70.0%
NET CHANGE
Cash From Operating Activities 5.300M 660.0K 2.290M
Cash From Investing Activities -19.53M -1.610M -5.110M
Cash From Financing Activities -430.0K -210.0K -60.00K
Net Change In Cash -14.66M -1.160M -2.880M
YoY Change 409.03% -70.33% -1093.1%
FREE CASH FLOW
Cash From Operating Activities $5.300M $660.0K $2.290M
Capital Expenditures -$1.530M -$3.100M -$600.0K
Free Cash Flow $6.830M $3.760M $2.890M
YoY Change 136.33% -305.46% 177.88%

Facts In Submission

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ghm Weighted Average Common Shares Outstanding
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ghm Weighted Average Number Of Share Equivalent Units Outstanding Basic
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dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
GRAHAM CORP
ghm Increase Decrease In Long Term Portion Of Accrued Compensation Accrued Pension Liability And Accrued Postretirement Benefits
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us-gaap Earnings Per Share Diluted
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GHM
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dei Document Period End Date
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2014-09-30
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DocumentFiscalYearFocus
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EarningsPerShareBasic
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dei Entity Central Index Key
EntityCentralIndexKey
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us-gaap Common Stock Dividends Per Share Declared
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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InterestIncomeExpenseNet
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GrossProfit
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us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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SalesRevenueNet
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us-gaap Increase Decrease In Unbilled Receivables
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Inventories
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us-gaap Income Taxes Paid
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Investment Income Interest
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89000
us-gaap Increase Decrease In Accounts Receivable
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DeferredIncomeTaxExpenseBenefit
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ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
34000
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
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us-gaap Amortization Of Intangible Assets
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112000
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939000
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0
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29000
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-168000
us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0
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us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
1615000
us-gaap Share Based Compensation
ShareBasedCompensation
298000
ghm Increase Decrease In Accrued Compensation Accrued Expenses And Other Current And Non Current Liabilities
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ghm Other Expenses And Income
OtherExpensesAndIncome
9018000
ghm Increase Decrease In Defined Benefit Plan Assets For Plan Benefits Noncurrent
IncreaseDecreaseInDefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
581000
ghm Company Recognizes Planned Manufacturing Process
CompanyRecognizesPlannedManufacturingProcess
P28D
ghm Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
10116000 shares
ghm Increase Decrease In Long Term Portion Of Accrued Compensation Accrued Pension Liability And Accrued Postretirement Benefits
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-119000
ghm Direct Labor Period Worked On Contracts
DirectLaborPeriodWorkedOnContracts
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ghm Amortization Of Unrecognized Prior Service Cost And Actuarial Losses
AmortizationOfUnrecognizedPriorServiceCostAndActuarialLosses
259000
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
42000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10104000 shares
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EarningsPerShareBasic
0.26
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CommonStockDividendsPerShareDeclared
0.03
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10062000 shares
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38000
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InterestIncomeExpenseNet
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GrossProfit
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OtherComprehensiveIncomeLossNetOfTax
181000
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SalesRevenueNet
24490000
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3846000
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ComprehensiveIncomeNetOfTax
2770000
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CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
2589000
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InvestmentIncomeInterest
10000
CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4393000
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56000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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ProductWarrantyExpense
78000
CY2013Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
2000
CY2013Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
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CY2013Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
302000
CY2013Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-143000
CY2013Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0
CY2013Q3 ghm Other Expenses And Income
OtherExpensesAndIncome
4443000
CY2013Q3 ghm Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
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CY2013Q3 ghm Weighted Average Number Of Share Equivalent Units Outstanding Basic
WeightedAverageNumberOfShareEquivalentUnitsOutstandingBasic
11000 shares
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
22000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10148000 shares
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
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WeightedAverageNumberOfSharesOutstandingBasic
10126000 shares
CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
39000
CY2014Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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GrossProfit
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CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
123000
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
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CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6272000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2014Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
43000
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SellingGeneralAndAdministrativeExpense
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58000
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IncomeTaxExpenseBenefit
2086000
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ProductWarrantyExpense
40000
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0
CY2014Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
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CY2014Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
405000
CY2014Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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-84000
CY2014Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0
CY2014Q3 ghm Other Expenses And Income
OtherExpensesAndIncome
4712000
CY2014Q3 ghm Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
10126000 shares

Files In Submission

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d793861d10q.htm Edgar Link pending
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