Batavia-based Graham Corp. (AMEX: GHM) has made Business Week's list of fastest growing small companies.
From the article:
This year's Hot Growth ranking also features a whole lot of heavy metal. Dotting the list are small manufacturers with low-cost structures and the ability to make specialized products that can't easily be copied by foreign rivals. Among the success stories: Graham (GHM), a Batavia (N.Y.) maker of heat-transfer equipment, and Haynes International (HAYN), a Kokomo (Ind.) supplier of specialty alloys used by jetmakers and gas drillers.
This morning, the stock opens at $63.50 per share. It's 52-week high is $71.58 and 52-week low is $13.45
Graham's 2007 revenue was $65 million, with an EBIDTA margin of 11 pecent. Graham employs 265 people.
The company, which claims no long-term debt and $36 million in available cash, is announcing this week that for fiscal 2008 revenue is $86.4 million.
According to it's corporate history page, Graham was founded in 1936 and moved to Batavia in 1942. The company went public in 1968.
Jerald D. Bidlack, 71, is chairman of the board, and James R. Lines, 46, is president and CEO.
Business Week's description of the company:
Graham Corporation engages in the design, manufacture, and sale of vacuum and heat transfer equipment used in the chemical, petrochemical, petroleum refining, and power generating industries worldwide. Its products include steam jet ejector vacuum systems; surface condensers for steam turbines; vacuum pumps and compressors; various types of heat exchangers, including helical coil heat exchangers marketed under the Heliflow name; and plate and frame exchangers. These products are available in various metal and non-metallic corrosion resistant materials. Graham Corporation’s products are used in a range of industrial process applications, including petroleum refineries, chemical plants, pharmaceutical plants, plastics plants, fertilizer plants, liquefied natural gas production facilities, soap manufacturing plants, air conditioning systems, food processing plants, and other process industries, as well as power generation facilities, such as fossil fuel, nuclear, cogeneration, and geothermal power plants.
