WASHINGTON, D. C. 20549


                             FORM 8-K

                          CURRENT REPORT
              Pursuant to Section 13 or 15(d) of the
                  Securities Exchange Act of 1934

 Date of Report (Date of earliest event reported):  June 10, 2004

                        GRAHAM CORPORATION
        (exact name of registrant as specified in Charter)

Delaware                         1-8462                   16-1194720
--------                         ------                   ----------
(State  or other jurisdiction    (Commission File Number) (IRS Employer
 of  Incorporation)                                        Identification

            20 Florence Avenue, Batavia, New York 14020
             (Address of principal executive offices)

Registrant's telephone number, including area code: (585) 343-2216


   (Former name or former address, if changed since last report)

     Item 7.    Exhibits

     99.1   Press Release issued June 10, 2004 announcing earnings
     of  Graham  Corporation  for the fiscal  quarter  and  twelve
     months ended March 31, 2004.

     Item   12.  Results  of  Operations  and  Financial Condition

     On June 10, 2004, Graham Corporation issued a press release
     announcing results of operations for the fiscal quarter and
     nine months ended March 31, 2004. A copy is attached hereto
     as Exhibit 99.1 and is incorporated herein by reference.

     The information in this Current Report on Form 8-K and the
     exhibit attached hereto shall not be deemed to be filed for
     the purposes of Section 18 of the Securities Exchange Act of
     1934, as amended, nor shall it be deemed incorporated by
     reference in any filing under the Exchange Act or Securities
     Act of 1933, as amended, except as expressly set forth by
     specific reference in such filing.


      Pursuant to the requirements of the Securities Exchange  Act
of  1934, the registrant has duly caused this report to be  signed
on its behalf by the undersigned thereunto duly authorized.

                                   GRAHAM CORPORATION

Date:  June 17, 2004                 By /s/ J. Ronald Hansen
                                        J. Ronald Hansen
                                        Vice President - Finance
                                        & Administration and
                                        Chief Financial Officer

                           Exhibit Index

Exhibit Number      Document Description

     99.1           Press Release dated June 10, 2004