Graham Boosts FY24 Revenue Outlook - Update

RTTNews | 1132 days ago
Stocktwits
Graham Boosts FY24 Revenue Outlook - Update

(RTTNews) - While reporting financial results for the first quarter on Monday, Graham Corp. (GHM) raised its revenue guidance for the full-year 2024, based on strong first quarter performance.

For fiscal 2024, the company now projects revenues in a range of $170 million to $180 million, up from its prior forecast range of $165 million to $175 million.

On average, analysts polled by Thomson Reuters expect the company to report revenues of $170.21 million for the year.

Separately, the Company announced that it had received a $13.5 million strategic investment by a customer to expand production capabilities for complex components at its Batavia, New York facility. The investment enables Graham's efforts to timely deliver components including a recently placed order totaling $8.5 million.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: GHM
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TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.
RTTNews | 1 day ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
RTTNews | 1 day ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.
RTTNews | 1 day ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
RTTNews | 1 day ago
CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including more than 2.3 million sour crush candy bottles, motorcycles, six-drawer dressers, dual fuel ranges, hair dryer brushes, and fire spray canisters, among others. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair
RTTNews | 1 day ago
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