Graham Corporation Declares Quarterly Cash Dividend

BATAVIA, N.Y., July 29, 2015 (GLOBE NEWSWIRE) -- Graham Corporation (NYSE:GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and power industries, including the supply of components and raw materials to nuclear energy facilities, announced that its Board of Directors, at its regular meeting, declared a quarterly cash dividend of $0.08 per common share.

The dividend will be payable August 26, 2015 to stockholders of record at the close of business on August 12, 2015. Graham has approximately 10.2 million shares of its common stock outstanding.

ABOUT GRAHAM CORPORATION

Graham is a global business that designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. Energy markets include oil refining, cogeneration, nuclear and alternative power. For the defense industry, the Company's equipment is used in nuclear propulsion power systems for the U.S. Navy. Graham's global brand is built upon our world-renowned engineering expertise in vacuum and heat transfer technology, responsive and flexible service and unsurpassed quality. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. The Company is also a leading nuclear code accredited fabrication and specialty machining company. Graham supplies components used inside reactor vessels and outside containment vessels of nuclear power facilities. Its equipment can also be found in other diverse applications such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning. Graham's reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.

CONTACT: For more information contact:
         Jeffrey F. Glajch
         Vice President - Finance and CFO
         Phone: (585) 343-2216
         Email:  jglajch@graham-mfg.com

         Deborah K. Pawlowski / Karen L. Howard
         Kei Advisors LLC
         Phone:  (716) 843-3908 / (716) 843-3942
         Email:  dpawlowski@keiadvisors.com / khoward@keiadvisors.com

Released July 29, 2015