Washington, D.C.  20549
                             FORM 12b-25
                     NOTIFICATION OF LATE FILING
(Check one):    Form 10-K    Form 20-F    Form 11-K  x Form 10-Q 
             ---          ---          ---          --- 
                Form N-SAR    Form N-CSR
             ---           ---

          For Period Ended:  September 30, 2004
             _ Transition Report on Form 10-K
             _ Transition Report on Form 20-F
             _ Transition Report on Form 11-K
             _ Transition Report on Form 10-Q
             _ Transition Report on Form N-SAR
          For the Transition Period Ended: 
Read Instruction (on back page) Before Preparing Form.  Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates


Graham Corporation
Full Name of Registrant

Former name if Applicable

20 Florence Avenue
Address of Principal Executive Office (Street and Number)

Batavia, New York  14020
City, State and Zip Code

PART II - RULES 12B-25(b) AND 9(c)

If  the subject report could not be filed without unreasonable effort
or  expense  and the registrant seeks relief pursuant  to  Rule  12b-
25(b), the following should be completed.  (Check box if appropriate)

     (a) The  reason described in reasonable detail in Part III of this
         form  could not be eliminated without unreasonable  effort  or
 x   (b) The  subject  annual  report, semi-annual  report,  transition
---      report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or  Form
         N-CSR,  or  portion thereof, will be filed on  or  before  the
         fifteenth calendar day following the prescribed due  date;  or
         the  subject quarterly report or transition report on Form 10-
         Q,  or  portion thereof, will be filed on or before the  fifth
         calendar day following the prescribed due date; and
     (c) The  accountant's statement or other exhibit required by  Rule
         12b-25c has been attached if applicable.


State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, N-
SAR, N-CSR, or the transition report or portion thereof, could not be
filed within the prescribed time period.

The  Company is in the process of a change in accounting for  revenue
recognition.   This  change  requires the  restatement  of  financial
statements  for three years.  In addition, this restatement  must  be
reviewed  and  approved by the Company's external auditors  prior  to
filing  the  Form 10-Q for the quarterly period ended  September  30,
2004.   Unreasonable  effort would be required  for  the  Company  to
complete this restatement prior to the required date of November  15,

This notification on Form 12b-25 originally was submitted for filing
in a timely manner as a paper filing.  It is being resubmitted
electronically by way of this filing.  The Form 10-Q that was the
subject of this notification was filed on November 18, 2004.

(Attach extra Sheets if Needed)

                       Persons who are to respond to the collection
                       of  information contained in this  form  are
SEC 1344 (07-03)       not  required  to  respond unless  the  form
                       displays  a  currently  valid  OMB   control


(1)Name  and  telephone number of person to contact  in  regard  to
   this notification
   J. Ronald Hansen               585                   343-2216
   ----------------               ---                   --------
   (Name)                     (Area Code)           (Telephone Number)

(2)Have  all  other periodic reports required under Section  13  or
   15(d)  of the Securities Exchange Act of 1934 or Section  30  of
   the  Investment  Company  Act of 1940 during  the  preceding  12
   months  or  for  such  shorter period that  the  registrant  was
   required  to  file such reports been filed?  If  answer  is  no,
   identify report(s)
   Yes  x          No 
(3)Is  it  anticipated that any significant change  in  results  of
   operations  from  the corresponding period for the  last  fiscal
   year  will  be  reflected  by  the  earnings  statements  to  be
   included in the subject report or portion thereof?
   If  so,  attach an explanation of the anticipated  change,  both
   narratively  and quantitatively, and if appropriate,  state  the
   reasons  why  a  reasonable estimate of the  results  cannot  be
   made.                Yes           No x

                         Graham Corporation

            (Name of Registrant as Specified in Charter)

has  caused  this  notification to be signed on  its  behalf  by  the
undersigned hereunto duly authorized.

Date November 24, 2004                         By   /s/ Alvaro Cadena
     -----------------                              --------------------
INSTRUCTION:  The form may be signed by an executive officer  of  the
registrant or by any other duly authorized representative.  The  name
and  title  of the person signing the form shall be typed or  printed
beneath the signature.  If the statement is signed on behalf  of  the
registrant  by an authorized representative (other than an  executive
officer),  evidence  of the representative's  authority  to  sign  on
behalf of the registrant shall be filed with the form.

  Intentional misstatements or omissions of fact constitute Federal
              Criminal Violations (See 18 U.S.C. 1001)
                        GENERAL INSTRUCTIONS
1.This  form  is  required  by  Rule 12b-25(17CFR240.12b-25)  of  the
  General Rules and Regulations under the Securities Exchange Act  of
2.One  signed  original and four conformed copies of  this  form  and
  amendments  thereto must be completed and filed with the Securities
  and  Exchange  Commission, Washington, D.C.  20549,  in  accordance
  with Rule 0-3 of the General Rules and Regulations under Act.   The
  information  contained in or filed with the form  will  be  made  a
  matter of public record in the Commission filed.
3.A  manually signed copy of the form and amendments thereto shall be
  filed with each national securities exchange on which any class  of
  securities of the registrant is registered.
4.Amendments  to the notifications must also be filed on Form  12-b25
  but   need   not  restate  information  that  has  been   correctly
  furnished.   The  form shall be clearly identified  as  an  amended
5.Electronic  Filers:   This form shall not  be  used  by  electronic
  filers  unable  to  timely file a report solely due  to  electronic
  difficulties.   Filers  unable to submit reports  within  the  time
  period  prescribed due to difficulties in electronic filing  should
  comply  with  either Rule 201 or Rule 202 of Regulation S-T(232.201
  or  232.202 of this chapter) or apply for an adjustment  in  filing
  date  pursuant  to Rule 13(b) of Regulation S-T(232.13(b)  of  this