Graham Corporation Announces Fourth Quarter and Full Fiscal Year 2020 Financial Results Release and Conference Call

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Also Provides Operational Update Related to COVID-19

BATAVIA, N.Y.--(BUSINESS WIRE)-- Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and defense industries, announced today that it will release its financial results for the fourth quarter and full fiscal year 2020, which ended March 31, 2020, before the opening of financial markets on Wednesday, June 10, 2020.

Also, as follow-up to its March 25th business update teleconference, the Company announced that, starting on April 13th, it began ramping up its production personnel following a three-week period when production was extremely limited in its main facility in Batavia, NY. Graham gradually recalled its production workforce in multiple stages and is currently nearing its pre-COVID-19 headcount in its factory, applying numerous new health and safety protocols as recommended by federal and local authorities. These include, among other things, appropriate personal protection equipment to be worn by everyone onsite, social distancing markers, expanded hygiene practices, barriers to separate workers based on the plant layout configuration, and staggered employee breaks and meetings in order to reduce group gatherings. Office employees who are able to work from home will continue to be encouraged to do so for the near term.

The Company continues to work diligently to protect its workforce while endeavoring to minimize the unfavorable impact to its business partners. Graham’s commitment to maintaining its high standard of service that its customers and suppliers have come to expect is unchanged.

Graham will host a conference call and webcast to review its financial and operating results, strategy and outlook. Slides will be available on the Company’s website in advance of the teleconference. A question-and-answer session will follow.

Fourth Quarter and Full Fiscal Year 2020 Financial Results Conference Call

Wednesday, June 10, 2020

11:00 a.m. Eastern Time

Phone: 201-689-8560

Internet webcast link and accompanying slide presentation: www.graham-mfg.com.

A telephonic replay will be available from 2:00 p.m. ET on the day of the teleconference through Wednesday, June 17, 2020. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13700698, or access the webcast replay via the Company’s website at www.graham-mfg.com, where a transcript will also be posted once available.

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, 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 world-renowned engineering expertise in vacuum and heat transfer technology, responsive and flexible service and unsurpassed quality. Graham designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. Graham’s 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 and 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, https://www.graham-mfg.com/, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.

Jeffrey F. Glajch
Vice President – Finance and CFO
Phone: (585) 343-2216
jglajch@graham-mfg.com

Karen L. Howard / Christopher M. Gordon
Kei Advisors LLC
Phone: (716) 843-3942 / (716) 843-3874
khoward@keiadvisors.com / cgordon@keiadvisors.com

Source: Graham Corporation

Released May 18, 2020