January 28, 2022

Tomer Aiderapp

Consummate Business Technicians

Graham Corporation Announces Retirement of Jeffrey F. Glajch, Chief Financial Officer

BATAVIA, N.Y.–(Business WIRE)–Graham Corporation (NYSE: GHM), a world organization that layouts, manufactures and sells significant devices for the protection/area, electricity/new power and chemical/petrochemical industries, nowadays introduced that Jeffrey F. Glajch, Main Monetary Officer, who has served as CFO for 13 yrs, designs to retire in the 2nd calendar quarter of 2022 following the appointment of his successor. The Enterprise has initiated a extensive exterior look for to recognize a successor for this purpose.

Daniel J. Thoren, President and CEO, commented, “I have experienced the satisfaction of functioning with Jeff the past 6 months at Graham and also for almost 3 many years through the course of action of the Barber-Nichols (“BN”) acquisition. He has demonstrated tenacity, integrity and a powerful company acumen and has been extremely practical as we convey these two organizations together. Importantly, he has been instrumental in our advancement of methods to provide progress and I am self-assured he will proceed to be a significant contributor by way of the search and changeover. Our lookup for a successor is underway and I expect who we eventually pick out will have the encounter and capabilities to handle the expanded duties of this essential purpose to help us deliver on our Company’s growth aims.”

Mr. Glajch mentioned, “These are remarkable situations for Graham. I am proud of obtaining led our acquisition of Barber-Nichols which has transformed Graham. We have grow to be a protection and house targeted enterprise with many other possibilities for growth, together with in new vitality. Concurrently, we remain strongly committed to advancing our incredibly nicely positioned common power and petrochemicals organization. With our investment decision in BN, we now have a a lot additional productive harmony sheet and also are performing to travel growth. My retirement in the next calendar quarter of 2022 lets for a comprehensive 12 months post acquisition, which I think is enough time to help a easy changeover, as well as the completion of fiscal year 2022. I am hugely assured in Graham’s foreseeable future and the Company’s commitment to advancing growth.”

ABOUT GRAHAM Corporation

Graham is a global business enterprise that types, manufactures and sells important equipment for the protection/house, energy and highly developed vitality and chemical/petrochemical industries. The Graham and Barber-Nichols’ world-wide makes are created upon planet-renowned engineering knowledge in vacuum and warmth transfer, cryogenics, and turbomachinery technologies, as effectively as the Company’s responsive and flexible service and unsurpassed excellent.

Graham routinely posts news and other critical details on its web page, www.graham-mfg.com, where added extensive details on Graham Corporation and its subsidiaries can be identified.

Safe and sound Harbor Pertaining to Ahead Looking Statements

This news launch has ahead-on the lookout statements within the indicating of Segment 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Trade Act of 1934, as amended. Ahead-wanting statements are issue to pitfalls, uncertainties and assumptions and are recognized by terms these kinds of as “expects,” “estimates,” “confidence,” “projects,” “typically,” “outlook,” “anticipates,” “indicates”, “believes,” “appears,” “could,” “opportunities,” “seeking,” “plans,” “aim,” “pursuit,” “look towards” and other similar phrases. All statements addressing functioning effectiveness, gatherings, or developments that Graham Company expects or anticipates will take place in the upcoming, such as but not restricted to, envisioned growth and progress alternatives inside its defense and power marketplaces, expected profits, the timing of conversion of backlog to product sales, purchase momentum and desire for our merchandise, sector presence, financial gain margins, tax charges, foreign sales functions, its ability to enhance value competitiveness and productiveness, purchaser tastes, changes in industry situations in the industries in which it operates, the outcome on its enterprise of volatility in commodities price ranges, which include, but not limited to changes in normal financial ailments and shopper behavior, forecasts regarding the timing and scope of the financial restoration in its marketplaces, its acquisition and expansion strategy are ahead-hunting statements. Because they are forward-on the lookout, they ought to be evaluated in light-weight of critical possibility things and uncertainties. These threat things and uncertainties are more completely explained in Graham Corporation’s most current Yearly Report submitted with the Securities and Exchange Commission, such as beneath the heading entitled “Risk Factors,” its quarterly reviews on Variety 10-Q, and other filings it helps make with the Securities and Trade Commission. Need to one particular or additional of these hazards or uncertainties materialize or should any of Graham Corporation’s underlying assumptions verify incorrect, actual success may possibly differ materially from these presently expected. In addition, undue reliance ought to not be put on Graham Corporation’s forward-searching statements. Except as expected by regulation, Graham Corporation disclaims any obligation to update or publicly announce any revisions to any of the ahead-hunting statements contained in this information launch.