Graham corp (GHM)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
Net sales

25,286

21,643

20,593

23,641

17,198

21,441

29,551

22,178

17,281

17,224

20,851

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

22,654

21,126

22,365

22,301

17,323

22,798

27,617

37,455

33,646

35,566

28,502

26,087

23,385

24,490

28,256

30,905

25,633

25,902

22,533

20,250

24,329

33,595

25,012

25,946

19,215

15,723

13,351

Cost of products sold

-

-

-

-

-

-

-

-

-

-

-

-

16,353

16,116

18,254

17,742

13,799

15,663

19,580

24,670

23,543

24,582

20,570

18,669

17,295

16,201

18,241

20,360

18,505

17,989

16,297

15,074

17,856

20,794

16,707

17,897

14,363

10,376

9,501

Cost of goods sold - amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

1

108

-

101

-

-

Cost of products sold

21,242

16,695

15,879

18,843

13,456

15,214

22,409

17,218

13,785

13,483

16,073

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,074

17,867

20,795

16,815

18,043

14,464

10,376

9,501

Gross profit

4,044

4,948

4,714

4,798

3,742

6,227

7,142

4,960

3,496

3,741

4,778

6,735

6,301

5,010

4,111

4,559

3,524

7,135

8,037

12,785

10,103

10,984

7,932

7,418

6,090

8,289

10,015

10,545

7,128

7,913

6,236

5,176

6,462

12,800

8,197

7,903

4,751

5,347

3,850

Other expenses and income:
Selling, general and administrative

4,441

3,847

4,556

4,123

4,249

4,718

4,551

4,171

4,037

3,671

3,654

4,168

3,746

3,118

3,598

3,884

3,680

4,187

4,580

4,870

4,424

4,694

4,295

4,187

4,047

4,393

4,346

4,794

3,131

4,379

4,028

3,567

3,764

4,339

3,651

3,846

3,583

3,016

2,564

Selling, general and administrative – amortization

0

0

11

59

59

60

59

59

59

60

58

59

58

59

58

59

58

59

58

58

59

58

54

54

55

56

57

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

0

0

523

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill and intangible assets

-

-

-

-

-

-

-

-

14,816

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charge

-

-

-

-

-

-

-

-

-

316

-

0

0

75

555

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-87

-87

-87

-205

-206

-206

-206

-120

-119

-120

-119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,784

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative - amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56

56

56

57

50

50

11

3

3

Selling, general and administrative - amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57

57

-

-

-

-

-

-

-

-

-

Interest income

318

363

399

418

404

351

289

151

142

162

151

114

100

85

87

84

72

53

52

50

50

43

46

63

10

10

11

13

13

14

11

10

12

15

21

30

13

18

16

Interest expense

2

4

3

4

5

1

2

4

3

2

3

3

3

2

2

2

4

1

3

-

2

-

-

-

-

-

-

-

19

-370

80

-

55

185

20

62

14

9

7

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-3

-

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

-5

-

-

-

-

-

-

-

-

-

-

-

-

Total other expenses and income

4,038

3,401

4,607

10,012

3,703

4,222

4,117

3,963

18,654

3,767

3,445

4,106

3,707

3,169

4,126

3,856

1,886

4,194

4,589

6,599

4,435

4,712

4,306

4,181

4,081

4,443

4,397

4,846

3,194

4,052

4,153

3,829

3,863

4,566

3,700

-

3,595

-3,010

-

Income before provision for income taxes

6

1,547

107

-5,214

39

2,005

3,025

997

-15,158

-26

1,333

2,629

2,594

1,841

-15

703

1,638

2,941

3,448

6,186

5,668

6,272

3,626

3,237

2,009

3,846

5,618

5,699

3,934

3,861

2,083

-

-

-

-

-

-

-

-

Total other expenses and income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,558

Income before provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,599

8,234

4,497

3,975

1,156

2,337

1,292

(Benefit) provision for income taxes

-3

342

25

-661

-56

178

702

164

-3,536

-36

398

828

754

544

-100

183

364

965

1,087

2,021

1,676

2,086

1,234

920

578

1,257

1,810

1,603

887

1,246

693

918

959

2,766

1,481

1,295

397

780

414

Net income

9

1,205

82

-4,553

95

1,827

2,323

833

-11,622

10

935

1,801

1,840

1,297

85

520

1,274

1,976

2,361

4,165

3,992

4,186

2,392

2,317

1,431

2,589

3,808

4,096

3,047

2,615

1,390

429

1,640

5,468

3,016

2,680

759

1,557

878

Cumulative effect of change in accounting principle, net of income tax benefit of $22 and $301 for the three months ended June 30, 2019 and 2018, respectively

-

-

-80

-

-

-

-1,022

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends

-

-

988

-

-

-

885

-

880

879

879

-

876

874

866

-

795

807

813

-

405

405

405

-

302

302

301

-

200

199

200

-

198

198

198

-

196

198

198

Per share data
Basic:
Net income

0.00

0.12

0.01

-0.47

0.01

0.19

0.24

0.08

-1.19

0.00

0.10

0.19

0.19

0.13

0.01

0.05

0.13

0.20

0.23

0.42

0.39

0.41

0.24

0.23

0.14

0.26

0.38

0.41

0.30

0.26

0.14

0.05

0.16

0.55

0.30

0.26

0.08

0.16

0.09

Diluted:
Net income

0.00

0.12

0.01

-0.47

0.01

0.19

0.24

0.08

-1.19

0.00

0.10

0.19

0.19

0.13

0.01

0.05

0.13

0.20

0.23

0.41

0.39

0.41

0.24

0.22

0.14

0.26

0.38

0.41

0.30

0.26

0.14

0.05

0.16

0.55

0.30

0.26

0.08

0.16

0.09

Weighted average common shares outstanding:
Basic

9,884

9,883

9,855

9,838

9,832

9,832

9,790

9,771

9,768

9,769

9,748

9,738

9,727

9,724

9,675

9,756

9,922

10,078

10,148

10,134

10,127

10,126

10,105

10,091

10,070

10,062

10,057

10,041

10,034

10,031

10,002

9,990

9,955

9,968

9,939

9,918

9,899

9,937

9,922

Diluted

9,888

9,885

9,858

9,795

9,845

9,848

9,804

9,755

9,768

9,775

9,758

9,771

9,733

9,728

9,680

9,761

9,927

10,083

10,161

10,148

10,149

10,148

10,127

10,119

10,107

10,104

10,086

10,065

10,057

10,054

10,028

10,020

9,991

10,000

9,981

9,963

9,930

9,977

9,962

Dividends declared per share

0.11

0.11

0.10

0.10

0.10

0.10

0.09

0.09

0.09

0.09

0.09

0.09

0.09

0.09

0.09

0.09

0.08

0.08

0.08

0.08

0.04

0.04

0.04

0.04

0.03

0.03

0.03

0.03

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02