Business
Graham Corporation Announces $50 Million Investment from Accounts Advised by T. Rowe Price
BATAVIA, N.Y., April 15, 2026--Graham Corporation (NYSE: GHM) ("GHM" or "the Company"), a global leader in the design and manufacture of mission critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the Defense, Energy & Process, and Space industries, today announced the Company has agreed to sell $50 million of shares (5%) of common stock to certain accounts advised by T. Rowe Price Investment Management, Inc. ("T. Rowe Price"), a global investment management organi
About this update from T. Rowe Price Group, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Accounts advised by T. Rowe Price to invest $50 million in Graham to acquire 599,808 shares (5%) of Graham common stock at $83.36 per share based on 20-day average closing price","length":177,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":177,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"The Company intends to use proceeds to further strengthen the Company’s balance sheet through debt repayment and help fund future investment in organic and inorganic growth opportunities","length":186,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":186,"olType":false},{"type":"text","content":"BATAVIA, N.Y., April 15, 2026--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM) ("GHM" or "the Company"), a global leader in the design and manufacture of mission critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the Defense, Energy & Process, and Space industries, today announced the Company has agreed to sell $50 million of shares (5%) of common stock to certain accounts advised by T. Rowe Price Investment Management, Inc. ("T. Rowe Price"), a global investment management organization.","length":558,"tagName":"p"},{"type":"text","content":"T. Rowe Price accounts will acquire 599,808 shares of Graham common stock at $83.36 per share, based upon the 20-day average closing price of the company’s common stock on the New York Stock Exchange on April 13, 2026. The transaction is expected to close on April 16, 2026, subject to customary closing conditions. Graham intends to use proceeds from the stock sale to further strengthen the Company’s balance sheet and financial flexibility through debt repayment and help fund future investment in organic and inorganic growth opportunities.","length":544,"tagName":"p"},{"type":"text","content":"Matthew J. Malone, Graham’s President and Chief Executive Officer, said, "We are pleased to welcome T. Rowe Price as a long-term partner and shareholder. This investment underscores the strength of the Graham platform and our positioning across attractive, growing end markets. The proceeds from this stock sale enhance our financial flexibility and support our disciplined capital allocation strategy for us to continue to drive long-term shareholder ...