$GHM
GRAHAM CORP

2015 Q3 Form 10-Q Financial Statement

#000119312515361370 Filed on November 02, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q1 2014 Q3
Revenue $22.80M $37.46M $35.57M
YoY Change -35.9% 43.58% 45.23%
Cost Of Revenue $15.66M $24.67M $24.58M
YoY Change -36.28% 32.14% 51.73%
Gross Profit $7.135M $12.79M $10.98M
YoY Change -35.04% 72.35% 32.51%
Gross Profit Margin 31.3% 34.13% 30.88%
Selling, General & Admin $4.187M $4.870M $4.694M
YoY Change -10.8% 16.23% 6.85%
% of Gross Profit 58.68% 38.09% 42.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $630.0K $580.0K $580.0K
YoY Change 8.62% 5.45% 5.45%
% of Gross Profit 8.83% 4.54% 5.28%
Operating Expenses $4.187M $4.930M $4.694M
YoY Change -10.8% 16.27% 6.85%
Operating Profit $2.948M $7.855M $6.290M
YoY Change -53.13% 147.17% 61.45%
Interest Expense -$1.000K $50.00K -$3.000K
YoY Change -66.67% -16.67% -175.0%
% of Operating Profit -0.03% 0.64% -0.05%
Other Income/Expense, Net
YoY Change
Pretax Income $2.941M $6.190M $6.272M
YoY Change -53.11% 91.05% 63.08%
Income Tax $965.0K $2.020M $2.086M
% Of Pretax Income 32.81% 32.63% 33.26%
Net Earnings $1.976M $4.165M $4.186M
YoY Change -52.8% 79.76% 61.68%
Net Earnings / Revenue 8.67% 11.12% 11.77%
Basic Earnings Per Share $0.20 $0.41 $0.41
Diluted Earnings Per Share $0.20 $0.41 $0.41
COMMON SHARES
Basic Shares Outstanding 10.08M 10.13M shares 10.13M shares
Diluted Shares Outstanding 10.08M 10.15M shares

Balance Sheet

Concept 2015 Q3 2015 Q1 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $62.40M $60.30M $64.80M
YoY Change -3.7% -1.31% 18.03%
Cash & Equivalents $29.42M $27.27M $31.80M
Short-Term Investments $33.00M $33.00M $33.00M
Other Short-Term Assets $1.200M $500.0K $1.800M
YoY Change -33.33% -58.33% 38.46%
Inventory $10.70M $14.00M $14.04M
Prepaid Expenses
Receivables $22.16M $17.25M $15.29M
Other Receivables $2.400M $400.0K $0.00
Total Short-Term Assets $107.3M $111.0M $106.1M
YoY Change 1.11% 13.95% 14.23%
LONG-TERM ASSETS
Property, Plant & Equipment $19.13M $19.81M $19.70M
YoY Change -2.94% 20.45% 48.83%
Goodwill $6.938M $6.938M $6.938M
YoY Change 0.0% 0.0% 0.0%
Intangibles $12.80M $12.80M
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets $129.0K $146.0K $194.0K
YoY Change -33.51% 17.74% 1663.64%
Total Long-Term Assets $42.77M $42.96M $47.99M
YoY Change -10.88% -2.77% 26.53%
TOTAL ASSETS
Total Short-Term Assets $107.3M $111.0M $106.1M
Total Long-Term Assets $42.77M $42.96M $47.99M
Total Assets $150.1M $154.0M $154.1M
YoY Change -2.63% 8.73% 17.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.51M $13.33M $12.66M
YoY Change -1.18% 32.23% 67.35%
Accrued Expenses $3.718M $3.247M $2.834M
YoY Change 31.19% 45.41% -2.48%
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 $25.30M $30.16M $32.08M
YoY Change -21.11% 15.52% 47.57%
LONG-TERM LIABILITIES
Long-Term Debt $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $1.200M $1.300M $1.200M
YoY Change 0.0% 0.0% 705.37%
Total Long-Term Liabilities $1.300M $1.400M $1.300M
YoY Change 0.0% 0.0% 772.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.30M $30.16M $32.08M
Total Long-Term Liabilities $1.300M $1.400M $1.300M
Total Liabilities $33.33M $37.45M $41.71M
YoY Change -20.09% 4.83% 35.22%
SHAREHOLDERS EQUITY
Retained Earnings $108.9M $106.2M $99.24M
YoY Change 9.73% 13.6% 9.74%
Common Stock $22.99M $22.44M $21.80M
YoY Change 5.44% 5.28% 6.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.351M $3.012M $3.064M
YoY Change 107.28% -3.18% -2.95%
Treasury Stock Shares 479.0K shares 299.0K shares 306.0K shares
Shareholders Equity $116.8M $116.6M $112.4M
YoY Change
Total Liabilities & Shareholders Equity $150.1M $154.0M $154.1M
YoY Change -2.63% 8.73% 17.79%

Cashflow Statement

Concept 2015 Q3 2015 Q1 2014 Q3
OPERATING ACTIVITIES
Net Income $1.976M $4.165M $4.186M
YoY Change -52.8% 79.76% 61.68%
Depreciation, Depletion And Amortization $630.0K $580.0K $580.0K
YoY Change 8.62% 5.45% 5.45%
Cash From Operating Activities $4.370M -$1.230M $5.300M
YoY Change -17.55% -286.36% 131.44%
INVESTING ACTIVITIES
Capital Expenditures -$260.0K -$330.0K -$1.530M
YoY Change -83.01% -89.35% 155.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$18.00M
YoY Change -100.0% -100.0% 300.0%
Cash From Investing Activities -$260.0K -$340.0K -$19.53M
YoY Change -98.67% -78.88% 282.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.220M -670.0K -430.0K
YoY Change 881.4% 219.05% 616.67%
NET CHANGE
Cash From Operating Activities 4.370M -1.230M 5.300M
Cash From Investing Activities -260.0K -340.0K -19.53M
Cash From Financing Activities -4.220M -670.0K -430.0K
Net Change In Cash -110.0K -2.240M -14.66M
YoY Change -99.25% 93.1% 409.03%
FREE CASH FLOW
Cash From Operating Activities $4.370M -$1.230M $5.300M
Capital Expenditures -$260.0K -$330.0K -$1.530M
Free Cash Flow $4.630M -$900.0K $6.830M
YoY Change -32.21% -123.94% 136.33%

Facts In Submission

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dei Document Fiscal Year Focus
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dei Amendment Flag
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
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dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014Q3 us-gaap Selling General And Administrative Expense
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us-gaap Increase Decrease In Unbilled Receivables
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dei Entity Registrant Name
EntityRegistrantName
GRAHAM CORP
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dei Document Period End Date
DocumentPeriodEndDate
2015-09-30
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GHM
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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ComprehensiveIncomeNetOfTax
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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InterestPaidNet
4000
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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ProceedsFromSaleOfPropertyPlantAndEquipment
3000
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ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5000
us-gaap Selling General And Administrative Expense
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CostOfGoodsSold
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us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1620000
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IncreaseDecreaseInAccountsPayable
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us-gaap Product Warranty Expense
ProductWarrantyExpense
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us-gaap Depreciation
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ghm Increase Decrease In Accrued Compensation Accrued Expenses And Other Current And Non Current Liabilities
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ghm Direct Labor Period Worked On Contracts
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OtherExpensesAndIncome
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CostOfGoodsSold
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CY2014Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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ProductWarrantyExpense
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OtherExpensesAndIncome
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CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2015Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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EarningsPerShareBasic
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CY2015Q3 us-gaap Net Income Loss
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CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
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CY2015Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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CY2015Q3 us-gaap Gross Profit
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CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2015Q3 us-gaap Standard Product Warranty Accrual Payments
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DividendsCommonStockCash
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ProductWarrantyExpense
22000
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OtherExpensesAndIncome
4194000

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