Graham Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

Acquisition (Tables)

9 Months Ended

Dec. 31, 2023

Schedule of Final Purchase Price Allocation, After Adjustments of the Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary purchase price allocation of the assets acquired and liabilities assumed:


	November 9,
	2023
Assets acquired:
Cash and cash equivalents	$	286
Trade accounts receivable, net of allowances		465
Unbilled revenue		302
Inventories		443
Prepaid expenses and other current assets		93
Property, plant & equipment, net		542
Operating lease assets		130
Goodwill		1,565
Customer relationships		4,400
Technology and technical know-how		2,500
Tradename		300
Deferred income tax asset		53
Total assets acquired		11,079
Liabilities assumed:
Accrued compensation		62
Customer deposits		389
Operating lease liabilities		134
Total liabilities assumed		585
Purchase price	$	10,494

Schedule of Unaudited Pro Forma Information

The Condensed Consolidated Statement of Operations for the three and nine months ended December 31, 2023 includes net sales of P3 of $1,027 and net income of $176. The following unaudited pro forma information presents the consolidated results of operations of the Company as if the P3 acquisition had occurred at the beginning of each of the fiscal periods presented:


	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2023		2022		2023		2022
Net sales	$	44,186	$	40,651	$	140,019	$	116,628
Net income		464		340		4,554		499
Loss per share
Basic	$	0.04	$	0.03	$	0.42	$	0.05
Diluted	$	0.04	$	0.03	$	0.42	$	0.05