Graham 4Q profits slip - Tampa Bay Business Journal:

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Net income in the fourth quarterwas $3.6 or 35 cents per share, a decline of 14.6 percengt from $4.2 million, or 41 cents per year-over-year. The Batavia-based manufacturer GHM) noted a restructuring in the periord through the elimination ofcertain management, officer and manufacturing positions. The number of jobs cut was not disclosexd but resulted in a charge of which included severance and related employeedbenefit costs. The restructuring is expecte d to yieldapproximately $2.7 million in annual cost savings. Fourth-quarterr net sales were $24.87 million, up 9.2 percent, from $22.8 million in the prior year’s fourth quarter. Full-year net incomes in fiscal 2009was $17.
5 million, up 16.2 percenty from $15.0 million in fiscalp 2008. On a per share basis, net income in fiscaol 2009 was $1.71 compared with $1.49 in fiscal 2008, a 14.8 perceny improvement. For the year ended March 31, 2009 revenued was a record $101.1 million, 17 percent highe r than $86.4 million for the fiscap year endedMarch 31, 2008.