Graham Corporation Acquires P3 Technologies To Expand Turbomachinery Capabilities And Technology Solutions; Acquisition Price Has Not Been Disclosed At This Time
Portfolio Pulse from Benzinga Newsdesk
Graham Corporation (NYSE:GHM) has acquired P3 Technologies, a custom turbomachinery engineering, product development and manufacturing business. The acquisition is expected to immediately contribute to Graham's earnings and expand its turbomachinery solutions. P3's annual revenue is expected to be approximately $6.0 million in fiscal 2023 with gross and adjusted EBITDA margins that are consistent with Graham's fiscal 2027 goal. The acquisition price has not been disclosed, but the stock element of the purchase price is valued at $2 million.
November 10, 2023 | 2:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Graham Corporation's acquisition of P3 Technologies is expected to immediately contribute to its earnings and expand its turbomachinery solutions. This could potentially boost GHM's stock in the short term.
The acquisition of P3 Technologies by Graham Corporation is expected to immediately contribute to its earnings, which is a positive signal for investors. Additionally, the expansion of its turbomachinery solutions could potentially lead to increased revenues in the future. Therefore, this news is likely to have a positive impact on GHM's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100