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Graham Fiscal 4Q Profit Falls On Charge

Stock quotes in this article: GHM  

BATAVIA, N.Y. (AP) — Industrial equipment maker Graham Corp. said Friday its fiscal fourth-quarter profit fell 15 percent as the company took a charge for restructuring and job cuts.

Graham said it earned $3.6 million, or 35 cents per share, in the quarter ended March 31, compared with $4.2 million, or 41 cents per share, a year earlier.

The company said it eliminated some management, office and manufacturing positions and took a restructuring charge of $559,000 including severance costs. ...

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