Graham Sees FY24 Revenue Of $165M To $175M, Vs $150.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Graham Corporation (GHM) forecasts FY24 revenue of $165M to $175M, surpassing the $150.59M estimate. The company expects a gross margin of 17%-18% and capital expenditures between $5.5M and $7M.
June 08, 2023 | 10:39 am
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Graham Corporation's FY24 revenue forecast of $165M-$175M exceeds the $150.59M estimate, with a gross margin of 17%-18% and capital expenditures of $5.5M-$7M.
Graham Corporation's higher-than-expected FY24 revenue forecast is likely to have a positive impact on its stock price in the short term. The company's projected gross margin and capital expenditures also provide investors with a clearer outlook on its financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100