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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.