Graham Corporation Awarded $17.5 Million in Orders for Four Initiatives Wins continue to validate success of Graham’s approach Small business Wire BATAVIA, N.Y. -- September 24, 2020 Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells essential equipment for the oil refining, petrochemical and protection industries, now introduced that it secured $17.5 million in orders for two defense projects and two oil refining projects. A single of the oil refining jobs is in India and the other is in North The united states. James R. Traces, Graham’s President and Main Govt Officer, commented, “We carry on to execute properly on our defense approach. Orders for the protection industry continue on to symbolize extra than 50% of full backlog. The defense marketplace offers great visibility into procurement schedules, which translates into improved multiyear organizing for our operations. We hope to proceed to build defense backlog throughout the remainder of the current fiscal 12 months.” Mr. Traces continued, “In our commercial marketplaces, we are productively leveraging our significant put in foundation and carry on to build observe-on earnings demand. These jobs can come up quickly with out considerably visibility and can have conversion cycles that are between 6 to 12 months. The India get is the outcome of our restructuring and setting up a subsidiary in India enabling us to secure our next substantial refining order for that location.” The protection initiatives are existing part orders for new naval vessels in two of the a few plans that Graham previously participates in. The vast majority of income from the navy orders is expected to change outside of fiscal 2022. The challenge in India is a key refinery enlargement that will enhance throughput capability 50%, though the other oil refining get is a metallurgical up grade to gear supplied by the organization somewhere around 20 yrs ago. The assignments will all be identified in backlog throughout the next quarter of fiscal 2021. The company expects close to 5% of the new get whole to change to revenue throughout the remainder of fiscal 2021 and close to 25% to convert in fiscal 2022, with the remainder changing to profits outside of fiscal 2022. ABOUT GRAHAM Company Graham is a global business that layouts, manufactures and sells significant tools for the vitality, defense and chemical/petrochemical industries. Strength marketplaces contain oil refining, cogeneration, and option electrical power. For the defense business, the Company’s tools is employed in nuclear propulsion power units for the U.S. Navy. Graham’s international manufacturer is developed upon entire world-renowned engineering skills in vacuum and warmth transfer technological innovation, responsive and versatile support and unsurpassed high quality. Graham designs and manufactures personalized-engineered ejectors, vacuum pumping programs, floor condensers and vacuum units. Graham’s tools can also be discovered in other various apps such as metallic refining, pulp and paper processing, h2o heating, refrigeration, desalination, food stuff processing, pharmaceutical, heating, ventilating and air conditioning. Graham’s attain spans the world and its devices is set up in amenities from North and South The usa to Europe, Asia, Africa and the Middle East. Graham routinely posts information and other important information on its website, www.graham-mfg.com, where by extra complete information and facts on Graham Corporation and its subsidiaries can be observed. Secure Harbor Regarding Forward Looking Statements This news release contains forward-on the lookout statements within just the this means of Portion 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-on the lookout statements are subject matter to threats, uncertainties and assumptions and are discovered by terms these types of as “expects,” “estimates,” “confidence,” “projects,” “typically,” “outlook,” “anticipates,” “believes,” “appears,” “could,” “opportunities,” “seeking,” “plans,” “aim,” “pursuit,” “look towards” and other identical terms. All statements addressing working efficiency, events, or developments that Graham Company expects or anticipates will come about in the long term, like but not minimal to, results of the COVID-19 world wide pandemic, envisioned growth and advancement alternatives within just its domestic and intercontinental marketplaces, predicted income, the timing of conversion of backlog to product sales, sector presence, financial gain margins, tax prices, international income operations, its potential to increase cost competitiveness and productivity, customer preferences, variations in sector situations in the industries in which it operates, the outcome on its small business of volatility in commodities charges, which includes, but not limited to, the extreme value volatility seen in the initially six months of calendar yr 2020, improvements in general financial problems and consumer behavior, forecasts about the timing and scope of the economic restoration in its markets, its acquisition and advancement approach and its operations in China, India and other global places, are ahead-hunting statements. Due to the fact they are forward-wanting, they really should be evaluated in gentle of essential chance elements and uncertainties. These danger components and uncertainties are additional totally explained in Graham Corporation’s most current Once-a-year Report submitted with the Securities and Trade Commission, bundled underneath the heading entitled “Risk Things.” Should a single or a lot more of these threats or uncertainties materialize or must any of Graham Corporation’s underlying assumptions show incorrect, precise final results could differ materially from individuals now predicted. In addition, undue reliance need to not be placed on Graham Corporation’s ahead-hunting statements. Apart from as expected by law, Graham Corporation disclaims any obligation to update or publicly announce any revisions to any of the ahead-seeking statements contained in this news launch. View source variation on businesswire.com: https://www.businesswire.com/information/house/20200924005104/en/ Contact: Jeffrey F. Glajch Vice President – Finance and CFO Phone: (585) 343-2216 [email protected] Deborah K. Pawlowski / Christopher M. Gordon Kei Advisors LLC Phone: (716) 843-3908 / (716) 843-3748 [email protected] / [email protected]