Graham Corp

(NASDAQ:GHM)

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Operating revenue
Total Revenue	23,915	27,647	22,756	20,625
Operating Revenue	23,915	27,647	22,756	20,625
Adjustments To Revenue	—	—	—	—
Cost Of Sales	13,153	15,162	13,534	11,734
Cost Of Sales With Depreciation	13,416	15,429	13,817	11,978
Gross Operating Profit	10,762	12,485	9,222	8,891
Operating Expenses
Research And Development Expenses	—	—	—	—
Selling General And Administrative Expenses	3,931	3,822	3,318	3,239
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	6,831	8,663	5,904	5,652
Operating Income	—	—	—	—
Depreciation	263	267	283	244
Depreciation Unreconciled	—	—	—	—
Amortization	—	—	—	—
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	6,568	8,396	5,621	5,408
Non Operating Expenses
Interest Expense	2	1	1	1
Pre Tax Income	6,738	8,526	5,847	5,711
Income Taxes	2,326	2,842	1,656	1,948
Minority Interest	—	—	—	—
Income Before Income Taxes	6,738	8,526	5,847	5,711
Net Income From Continuing Operations	4,412	5,684	4,191	3,763
Net Income From Discontinued Operations	—	—	—	—
Net Income From Total Operations	4,412	5,684	4,191	3,763
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	4,412	5,684	4,191	3,763
Normalized Income	4,412	5,684	4,191	3,763
NetIncome Available For Common	4,412	5,684	4,191	3,763
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—

	Mar 31, 2008	Mar 31, 2007	Mar 31, 2006	Mar 31, 2005
Operating revenue
Total Revenue	86,428	65,822	55,208	41,333
Operating Revenue	86,428	65,822	55,208	41,333
Adjustments To Revenue	—	—	—	—
Cost Of Sales	51,277	48,116	38,456	33,013
Cost Of Sales With Depreciation	52,266	49,003	39,249	33,793
Gross Operating Profit	35,151	17,706	16,752	8,320
Operating Expenses
Research And Development Expenses	—	—	—	—
Selling General And Administrative Expenses	13,074	10,338	9,818	7,691
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	22,077	7,368	6,934	629
Operating Income	—	—	—	—
Depreciation	989	887	793	780
Depreciation Unreconciled	—	—	—	—
Amortization	—	—	—	—
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	21,088	6,481	6,141	-151
Non Operating Expenses
Interest Expense	10	10	17	33
Pre Tax Income	22,104	6,519	5,753	359
Income Taxes	7,070	758	2,167	63
Minority Interest	—	—	—	—
Income Before Income Taxes	22,104	6,519	5,753	359
Net Income From Continuing Operations	15,034	5,761	3,586	296
Net Income From Discontinued Operations	—	—	—	-3,202
Net Income From Total Operations	15,034	5,761	3,586	-2,906
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	15,034	5,761	3,586	-2,906
Normalized Income	15,034	5,761	3,586	296
NetIncome Available For Common	15,034	5,761	3,586	296
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—