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News

Graham Corp Expects FY24 Net Sales $175M-$185M (Prior $170M-$180M) Vs $176.6M Est

Author: Benzinga Newsdesk | February 05, 2024 07:34am

Fiscal 2024 Outlook Increased

The Company increased guidance for fiscal 2024 as follows:

(as of February 5, 2024)

Updated Fiscal 2024 Guidance

Previous Guidance

Net Sales:

$175 million to $185 million

$170 million to $180 million

Gross Margin:

Approx. 20% of sales

18% to 19% of sales

SG&A expense(1)

16% to 17% of sales

15% to 16% of sales

Adjusted EBITDA(2)

$15.0 million to $16.0 million

$11.5 million to $13.5 million

Effective Tax Rate

22% to 23%

22% to 23%

CapEx

$8.0 million to $10.0 million

$12.0 million to $13.5 million

Posted In: GHM

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