Graham Corp (GHM) said it has been awarded two orders from refinery customers totaling approximately $3 million.
One order is for an upgrade to an existing Graham ejector system at a U.S. refinery that is being reengineered to expand the refiner's capability to process a wider variety of crude feedstock. The order is expected to ship in the second quarter of Graham's fiscal year 2011, which begins on April 1, 2010.
The second order is for custom-engineered steam surface condensers to be installed at a large oil refinery currently under construction in the Middle East and is Graham's third order related to this project.
Further, consistent with its prior guidance, Graham continues to expect that revenue for fiscal year 2010, will be in the range of $60 million to $65 million and gross margin will be in the 33% to 35% range.
Analysts polled by Thomson Reuters expect the company to report earnings of $0.65 per share, on revenues of $63.93 million. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.