Graham Corporation (GHM)

This morning, Graham Corp (Batavia, NY) announced fourth quarter year-over-year orders increased 32%; $35 millon. Total for year 2008 orders were $107 million. From Investor's Business Daily and James R. Lines, Graham's President and Chief Executive Officer, commented, "We had exceptionally strong bookings in the fourth quarter. There was excellent diversity in geography and markets for the large projects booked in the fourth quarter. Significant orders were received from Saudi Arabia, China, Canada and the United States and are for projects ranging from oil refineries, oil sands and petrochemical plants to alternative fuels operations and power generation facilities. We continue to be optimistic about the outlook for the markets and industries that we serve and the long-term strength of our bookings pipeline."Fiscal 2008 revenue is expected to be in the $85 to $86 million range, slightly higher than the upper end of the previously announced $80 to $85 million range. Gross margin is anticipated to be in the high-30% range for fiscal 2008.

From the Press Release; About Graham
With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a designer, manufacturer and global supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers. For over 70 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. The principal markets for Graham's equipment, sold either as components or complete system solutions, are the petrochemical, oil refining and electric power generation industries, including cogeneration and geothermal plants. Graham equipment can also be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, pharmaceuticals, heating, ventilating and air conditioning.
Graham's reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. More information regarding Graham can be found at its website: www.,graham-mfg.com

For Friday, Oil settled up $3.80 to $116.32/barrel.

Jobless rates dropped to 5.0%, down 0.1 from 5.1%, (March's 2 1/2 year high).

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