Graham Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

Quarterly Financial Data (Unaudited)

12 Months Ended

Mar. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

Note 18 - Quarterly Financial Data (Unaudited):

A capsule summary of the Company's unaudited quarterly results for fiscal 2016 and fiscal 2015 is presented below:

	First		Second		Third		Fourth		Total
Year ended March 31, 2016	Quarter		Quarter		Quarter		Quarter		Year
Net sales	$	27,617	$	22,798	$	17,323	$	22,301	$	90,039
Gross profit		8,037		7,135		3,524		4,559		23,255
Net income		2,361		1,976		1,274		520		6,131
Per share:
Net income:
Basic	$	.23	$	.20	$	.13	$	.05	$	0.61
Diluted	$	.23	$	.20	$	.13	$	.05	$	0.61

Market price range of common stock	$19.82-25.25		$15.71-20.60		$15.63-18.88		$14.39-20.24		$14.39-25.25

	First		Second		Third		Fourth			Total
Year ended March 31, 2015	Quarter		Quarter		Quarter		Quarter			Year
Net sales	$	28,502	$	35,566	$	33,646	$	37,455		$	135,169
Gross profit		7,932		10,984		10,103		12,785			41,804
Net income		2,392		4,186		3,992		4,165	⁽¹⁾		14,735	⁽¹⁾
Per share:
Net income:
Basic	$	.24	$	.41	$	.39	$	.41		$	1.46
Diluted	$	.24	$	.41	$	.39	$	.41		$	1.45

Market price range of common stock	$26.20-34.88		$27.99-35.35		$26.06-34.65		$20.58-28.86			$20.58-35.35

⁽¹⁾In the fourth quarter of fiscal 2015, the Company recognized a $1,718 restructuring charge. As a result, net income includes the restructuring charge, net of tax, of $1,164.