Graham Corp. showing signs of recovery, CEO says

Batavia-based Graham Corporation is bouncing back from the economic downturn, CEO James R. Lines told the Buffalo News.

The company has recently booked $37 million in orders and that revenue should start hitting the books by the fall.

“We believe that sales over the next few quarters will continue to reflect the sporadic nature of order receipt that began over a year ago,” Lines said. “We also believe this should be the bottom of the cycle for us.”

Graham still expects its sales during the fiscal year that ends in March to be between $60 million and $65 million, down from its record sales of $101 million the year before.