Graham Corporation has announced its fourth quarter and full-year fiscal 2025 results, showcasing a strong performance across various financial metrics. For the fourth quarter, the company reported a 21% increase in revenue, reaching $59.3 million, driven by robust performance across all markets. The gross margin for the quarter expanded by 110 basis points to 27.0%, while the operating margin increased to 9.3% from 3.1% in the prior-year period. Net income for the quarter rose to $4.4 million, with adjusted net income at $4.8 million. Adjusted EBITDA for the quarter was $7.7 million, representing 12.9% of sales. For the full fiscal year 2025, Graham Corporation achieved a 13% growth in sales, largely fueled by strong demand in the Defense and Space sectors. The gross margin expanded by 330 basis points to 25.2%, and net income reached $12.2 million, a significant increase from $4.6 million in the previous fiscal year. The company also reported an adjusted EBITDA of $22.4 million, which is 10.7% of sales. Orders for the year totaled $231.1 million, resulting in a Book-to-Bill ratio of 1.1x. The fiscal year results highlight Graham Corporation's effective execution of its long-term strategic plan, with a notable contribution from the acquisition of P3 Technologies in November 2023, which added $2.8 million in incremental revenue.