Who Owns Graham Company?

Who Owns Graham Corporation?

Understanding Graham Corporation's ownership is key to its strategy and governance. Its journey began in 1936, founded by Harold M. Graham, focusing on innovative thermal solutions.

Graham Corporation, a leader in custom-engineered vacuum and heat transfer equipment, has evolved significantly since its incorporation. Its current operations span critical sectors like energy and defense.

Who owns Graham Corporation?

Graham Corporation (NYSE: GHM) is a publicly traded entity, meaning its ownership is distributed among various shareholders. As of July 30, 2025, the company’s market capitalization stood at $618.82 million, showing a notable 90.52% increase over the past year. This broad ownership structure includes institutional investors, retail investors, and individual shareholders, each playing a role in the company's trajectory. The company's product offerings include advanced solutions like Graham BCG Matrix, vital for enhancing efficiency in demanding industrial applications.

The origins of Graham Company trace back to 1936 with Harold M. Graham's establishment of Graham Manufacturing Company, Inc. in New York. By 1941, Frederick D. Berkeley joined, and the company's founding is attributed to Harold Graham, Frederick Berkeley, and Scott Ross.

Founding Year

Graham Manufacturing Company, Inc. was established in 1936. The company's current iteration is considered founded in 1941.

Key Founders

The primary figures in the company's early history are Harold M. Graham and Frederick D. Berkeley. Scott Ross was also a co-founder but retired early.

Founder's Background

Harold M. Graham was a mechanical engineer with expertise in steam jet ejector equipment. Frederick D. Berkeley was also a mechanical engineer and a former colleague.

Early Operations

The company initially focused on steam ejector equipment and surface condensers. Manufacturing of heaters began in Oswego, New York, with expansion to Batavia in 1942.

Leadership Transition

Harold Graham led the company until his passing in 1956. Frederick D. Berkeley then assumed the role of president, continuing the company's growth.

Family Succession

Upon Frederick D. Berkeley's death in 1962, his son, Frederick D. Berkeley III, took over leadership. This demonstrated a commitment to maintaining the company's independence.

The early ownership structure of Graham Company is not detailed in public records, with specific equity splits or initial capital contributions not being readily available. Scott Ross sold his share to Graham and Berkeley in 1943, indicating a shift in ownership concentration shortly after the company's formative years.

Early Ownership Dynamics

While the precise ownership percentages of the initial founders are not publicly disclosed, the early years saw a consolidation of shares. The departure of Scott Ross in 1943 meant his stake was transferred to Harold Graham and Frederick D. Berkeley.

• Harold M. Graham: Co-founder and early leader.
• Frederick D. Berkeley: Co-founder and later president.
• Scott Ross: Co-founder who exited in 1943.
• The company's commitment to independence has been a recurring theme in its ownership history.
• Understanding the Marketing Strategy of Graham provides context for its growth and ownership evolution.

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Graham Corporation's journey as a publicly traded entity began on March 1, 1968, with an initial offering price of $12.00 per share. Over the decades, its ownership structure has evolved, reflecting shifts in market dynamics and investor sentiment. As of July 30, 2025, the company commands a market capitalization of $618.82 million, indicating its significant presence in the market.

The ownership landscape of Graham Corporation (NYSE: GHM) is characterized by a broad base of stakeholders, including institutional investors, retail investors, and company insiders. Institutional investors represent the largest segment of ownership, collectively holding approximately 78.6% of the company's shares as of July 22, 2025. This significant stake is distributed among 301 institutional owners and shareholders. Among these, Brandes Investment Partners, LP stands out as a major holder, with 12.49% of the company's stock. Other key institutional players include BlackRock, Inc., Vanguard Group Inc., Dimensional Fund Advisors LP, First Eagle Investment Management, LLC, Royce & Associates LP, Renaissance Technologies LLC, FESRX - First Eagle Small Cap Opportunity Fund Class R6, and Wasatch Advisors Inc. These institutions play a crucial role in shaping the company's strategic direction and governance. Insiders, comprising company executives and directors, hold a smaller but important stake of approximately 5.98%. Retail investors make up a substantial portion of the remaining ownership, holding about 56.76% of Graham Corp. (GHM) stock. The company maintains a straightforward capital structure, with no preferred shares or multiple classes of common stock, adhering to a one-share-one-vote principle, which ensures that each share carries equal voting rights and aligns shareholder interests.

Key Graham Company Stakeholders

Understanding who owns Graham Company is vital for grasping its corporate governance and strategic trajectory. The company's ownership is a mix of large financial institutions and individual investors.

• Institutional investors hold the majority stake, influencing corporate decisions.
• Brandes Investment Partners, LP is a significant institutional shareholder.
• Retail investors also form a substantial part of the Graham Company shareholder base.
• Insiders, including management, have a direct ownership interest.
• The company's Mission, Vision & Core Values of Graham are often reflected in its ownership structure.

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The governance of Graham Corporation is overseen by its Board of Directors, a group comprising both internal leadership and external independent voices. As of June 2025, key leadership transitions have occurred, shaping the strategic direction and oversight of the company.

The voting power within Graham Company is structured around its common shares, with no preferential voting rights or dual-class share arrangements in place. This ensures that voting power is directly tied to share ownership. Shareholders exercise their voting rights primarily on the election of directors and advisory votes concerning executive compensation. The company's annual meeting for 2025 is scheduled for August 26, 2025, and will be conducted online. In fiscal year 2025, the advisory vote on executive pay saw significant shareholder approval, with approximately 99% of votes cast in favor. Independent directors receive compensation packages that include an annual cash retainer of $55,000 for 2025, supplemented by stock awards, such as $75,000 worth of Restricted Stock Units (RSUs) granted to each independent director.

Graham Company's Governance and Shareholder Influence

Graham Company's ownership structure is based on common shares, meaning each share typically carries one vote. This straightforward approach to voting power is important for understanding Graham Company ownership and who owns Graham Company.

• The Board of Directors includes both executive and independent members.
• Voting power is directly linked to common share ownership.
• Shareholders vote on director elections and executive compensation.
• The 2025 advisory vote on executive pay received nearly unanimous support.
• Independent directors are compensated with cash retainers and stock awards.

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Graham Corporation has seen notable leadership changes and sustained financial growth over the past few years, influencing its ownership landscape. A planned succession saw Daniel J. Thoren move to Executive Chairman and Strategic Advisor, with Matthew J. Malone assuming the CEO role in June 2025, signaling a focus on continued expansion.

Institutional investors hold a significant portion of Graham Corporation's stock, representing 78.6% as of July 22, 2025. Insiders, including directors and executives, collectively own around 6% of the company, with Daniel J. Thoren holding approximately 3.2%. The company has not paid dividends since fiscal year 2022, focusing instead on reinvestment and growth, with projections for fiscal year 2026 revenue between $225 million and $235 million.

Leadership Transition

Daniel J. Thoren transitioned to Executive Chairman and Strategic Advisor in June 2025. Matthew J. Malone assumed the CEO position, reinforcing the leadership team for future growth.

Financial Performance Highlights

Fiscal year 2025 concluded with strong revenue growth of 13% and a gross profit margin of 25.2%. The company secured significant contracts, including a $25.5 million order in July 2025.

Ownership Structure

Institutional ownership stands at 78.6% as of July 2025. Insider ownership, including key executives, accounts for approximately 6% of the company's shares.

Future Outlook

The company anticipates fiscal year 2026 revenue between $225 million and $235 million. This growth is supported by a robust backlog and strategic contract wins, as detailed in the Revenue Streams & Business Model of Graham.

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