Graham Corp (GHM) released a profit for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $3.28 million, or $0.30 per share. This compares with $0.41 million, or $0.04 per share, in last year's second quarter.
Excluding items, Graham Corp reported adjusted earnings of $3.41 million or $0.31 per share for the period.
Analysts on average had expected the company to earn $0.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 18.8% to $53.56 million from $45.08 million last year.
Graham Corp earnings at a glance (GAAP) :
-Earnings (Q2): $3.28 Mln. vs. $0.41 Mln. last year.
-EPS (Q2): $0.30 vs. $0.04 last year.
-Revenue (Q2): $53.56 Mln vs. $45.08 Mln last year.
-Guidance:
Full year revenue guidance: $200 - $210 Mln
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