Exhibit 99.2
Graham Corporation 20 Florence Avenue Batavia, NY 14020
IMMEDIATE RELEASE
Graham Corporation Awarded $2 Million Oil Refinery Contract
First quarter fiscal 2006 bookings reach $20.4 million
BATAVIA, NY, July 25, 2005 — Graham Corporation (AMEX: GHM), a global designer, manufacturer,
and supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers for the oil
refining, petrochemical and power generation industries, today announced it was awarded a contract
valued at over $2 million for an ejector system to be installed in Petróleos Mexicanos’ (PEMEX)
Minatitlan Refinery. Shipment of the equipment is scheduled for Graham’s fourth fiscal quarter
ending March 31, 2006.
The ejector system is part of a planned refinery upgrade to boost this facility’s capacity for
processing heavy sour crude, a lower cost raw material than higher priced sweet crude oil, as well
as produce increased quantities of high-octane, cleaner burning fuels to meet stricter
environmental standards.
Bill Johnson, President and CEO of Graham Corporation commented, “We are pleased to have won this
contract with PEMEX over other European and local suppliers being considered. Our proven
experience, strong engineering-based solutions and quality product provided PEMEX with the
confidence to select Graham for this project.”
Mr. Johnson went on to say, “Our orders continue to be positively impacted by oil refinery upgrades
necessary to process lower cost, heavy crude oil and to meet lower sulfur content requirements for
transportation fuels. This is our sixth major oil refinery contract win in the past three months,
for an aggregate total exceeding $4 million. These projects contributed to a very strong first
quarter fiscal 2006 order level, which reached $20.4 million.”
Graham is scheduled to release first quarter fiscal 2006 results on July 27, 2005. Graham’s senior
management team will host a conference call and webcast on July 28, 2005 at 3:00 p.m. eastern time
to discuss Graham’s performance in the first quarter fiscal year 2006, which ended June 30, 2005.
The webcast can be accessed at www.graham-mfg.com. Participants should go to the website
approximately 10 to 15 minutes prior to the scheduled conference in order to register and download
any necessary audio software. The teleconference can also be accessed by calling (877) 407-9039
approximately 5 to 10 minutes prior to the call.
A replay of the call will be available through August 4, 2005 at 11:59 p.m. eastern time at (877)
660-6853, by entering account number 3055 and conference ID number 160872. An archive of the
webcast and a transcript of the teleconference will also be available at www.graham-mfg.com.
Also on July 28, 2005, at approximately 11:00 a.m. eastern time, the management presentation
portion of the 2005 annual stockholders’ meeting will be webcast immediately following the business
segment of the meeting. During the management presentation, Bill Johnson, President and CEO, will
review Graham’s fiscal year 2005 and first quarter 2006 financial results, business performance and
growth strategy. The webcast will also be accessible on Graham’s website at
http://www.graham-mfg.com. The webcast can be accessed at www.graham-mfg.com. Participants should
go to the website approximately 10 to 15 minutes prior to the scheduled conference in order to
register and download and necessary audio software.
- MORE -