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

Quarterly report pursuant to Section 13 or 15(d)

Acquisition - (Tables)

Acquisition - (Tables)

6 Months Ended

Sep. 30, 2024

Schedule of Contingent Earn Out Liability

A rollforward of the P3 contingent earn-out liability since the date of acquisition is as follows:


Balance at November 9, 2023	$	2,040
Change in fair value		80
Payments		—
Balance at March 31, 2024		2,120
Change in fair value		(130	)
Payments		—
Balance at June 30, 2024		1,990
Change in fair value		(596	)
Payments		—
Balance at September 30, 2024	$	1,394

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

The following table summarizes the final 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		808
Prepaid expenses and other current assets		93
Property, plant & equipment, net		542
Operating lease assets		130
Goodwill		1,997
Customer relationships		4,400
Technology and technical know-how		2,500
Tradename		300
Total assets acquired		11,823
Liabilities assumed:
Accrued compensation		62
Customer deposits		389
Operating lease liabilities		134
Total liabilities assumed		585
Purchase price	$	11,238

Schedule of Unaudited Pro Forma Information

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				Six Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Net sales	$	53,563	$	46,833	$	103,514	$	95,833
Net income		3,281		945		6,247		3,811
Income per share
Basic	$	0.30	$	0.09	$	0.57	$	0.35
Diluted	$	0.30	$	0.09	$	0.57	$	0.35