GRC - Earnings announcements

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights Net sales of $176.6 million increased 7.7%, or $12.7 million, compared to the first quarter of 2025 Record net income of $17.8 million, or $0.68 per share, compared to net income of $12.1 million, or $0.46 per share, for the first quarter of 2025 Incoming orders of $187.5 million increased 5.5%, or $9.7 million, compared to the first quarter of 2025 with backlog increasing to $247.9 million at March 31, 2026 Net sales for the first quarter of 2026 were $176.6 million compared to net sales of $163.9 million for the first quarter of 2025, an incr

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the fourth quarter and year ended December 31, 2025. Fourth Quarter 2025 Highlights Net sales of $166.6 million increased 2.4%, or $3.9 million, compared to the fourth quarter of 2024 Net income was $13.7 million, or $0.52 per share, compared to net income of $11.0 million, or $0.42 per share, for the fourth quarter of 2024 Adjusted earnings per share1 for the fourth quarter of 2025 and 2024 were $0.55 and $0.42, respectively Incoming orders of $178.2 million increased 9.2%, or $15.1 million, compared to the fourth quarter of 2024 Net sales for the fourth quarter of 2025 were $166.6 million compared to net s

The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.19 per share on the common shares of the Company, payable March 10, 2026, to shareholders of record February 13, 2026. This action will mark the 304th consecutive quarterly dividend paid by The Gorman-Rupp Company. Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 23, 2026, and the related establishment of the close of business on February 23, 2026 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual for

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Highlights Net sales of $172.8 million increased 2.8%, or $4.6 million, compared to the third quarter of 2024 Net income was $11.3 million, or $0.43 per share, compared to net income of $12.9 million, or $0.49 per share, for the third quarter of 2024 Adjusted earnings per share1 for the third quarter of 2025 and 2024 were $0.52 and $0.49, respectively Facility optimization to reduce fixed cost structure and support growth markets Incoming orders of $184.5 million increased 19.2%, or $29.7 million, compared to the third quarter last year During

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Highlights Record net sales of $179.0 million increased 5.6%, or $9.5 million, compared to the second quarter of 2024 Record second quarter net income was $15.8 million, or $0.60 per share, compared to net income of $8.3 million, or $0.32 per share, for the second quarter of 2024 Adjusted earnings per share1 for the second quarter of 2024 were $0.54 Record incoming orders of $188.0 million increased 15.7%, or $25.5 million, compared to the second quarter last year Net sales for the second quarter of 2025 were $179.0 million compared to net sales of

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Net sales of $163.9 million increased 2.9%, or $4.7 million, compared to the first quarter of 2024 First quarter net income was $12.1 million, or $0.46 per share, compared to net income of $7.9 million, or $0.30 per share, for the first quarter of 2024 Adjusted EBITDA1 of $29.7 million for the first quarter of 2025 increased $1.5 million, or 5.3%, from $28.2 million for the first quarter of 2024 Total debt decreased $14.6 million during the quarter Net sales for the first quarter of 2025 were $163.9 million compared to net sales of $159.3 million

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter 2024 Highlights Net sales of $162.7 million increased 1.3%, or $2.1 million, compared to the fourth quarter of 2023 Fourth quarter net income was $11.0 million, or $0.42 per share, compared to net income of $9.0 million, or $0.34 per share, for the fourth quarter of 2023 Interest expense decreased due to debt refinancing in the second quarter of 2024 and reduced debt levels Incoming orders for the fourth quarter of 2024 increased 15.8%, compared to the fourth quarter of 2023 Net sales for the fourth quarter of 2024 were $162.7 million compared

The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.185 per share on the common shares of the Company, payable March 10, 2025, to shareholders of record February 14, 2025. This action will mark the 300th consecutive quarterly dividend paid by The Gorman-Rupp Company. Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 24, 2025, and the related establishment of the close of business on February 24, 2025 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual fo

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net sales of $168.2 million increased 0.4%, or $0.7 million, compared to the third quarter of 2023 Third quarter net income was $12.9 million, or $0.49 per share, compared to net income of $9.0 million, or $0.34 per share, for the third quarter of 2023 Gross margin improved 260 basis points Interest expense decreased $2.7 million or 25.9% primarily due to debt refinanced in the second quarter of 2024 Adjusted EBITDA1 of $32.0 million for the third quarter of 2024 increased $1.5 million, or 5.1%, from $30.5 million for the same period in 2023

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net sales of $169.5 million decreased 0.9%, or $1.5 million, compared to the second quarter of 2023 Second quarter net income was $8.3 million, or $0.32 per share, compared to a net income of $10.5 million, or $0.40 per share, for the second quarter of 2023 Adjusted earnings per share1 for the second quarters of 2024 and 2023 were $0.54 and $0.41, respectively Incoming orders of $162.5 million were up $8.4 million, or 5.5%, compared to the second quarter of 2023 Refinanced debt expected to reduce interest expense by over $7.0 million annu

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Net sales of $159.3 million decreased 0.7%, or $1.2 million, compared to the first quarter of 2023 Record incoming orders of $178.9 million increased 7.1%, or $11.9 million, compared to the first quarter of 2023 and increased 27.0%, or $38.1 million, compared to the fourth quarter of 2023 First quarter net income was $7.9 million, or $0.30 per share, compared to net income of $6.5 million, or $0.25 per share, for the first quarter of 2023 Adjusted earnings per share1 for the first quarters of 2024 and 2023 were $0.30 and $0.27, respectively

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Highlights Net sales of $160.6 million increased 10.0%, or $14.6 million, compared to the fourth quarter of 2022 Fourth quarter net income was $9.0 million, or $0.34 per share, compared to net income of $2.4 million, or $0.09 per share, for the fourth quarter of 2022 Adjusted earnings per share1 for the fourth quarter of 2023 and 2022 were $0.34 and $0.11, respectively Adjusted earnings per share1 included non-cash LIFO expense of $0.01 per share and $0.25 per share in 2023 and 2022, respectively Adjusted EBITDA1 of $29.1 million for th

The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.18 per share on the common shares of the Company, payable March 8, 2024, to shareholders of record February 15, 2024. This action will mark the 296th consecutive quarterly dividend paid by The Gorman-Rupp Company. Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 25, 2024, and the related establishment of the close of business on February 26, 2024 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual form

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Net sales of $167.5 million increased 8.9%, or $13.7 million, compared to the third quarter of 2022 Third quarter net income was $9.0 million, or $0.34 per share, compared to net income of $2.2 million, or $0.09 per share, for the third quarter of 2022 Adjusted earnings per share1 for the third quarter of 2022 were $0.25 Adjusted EBITDA1 of $30.5 million for the third quarter of 2023 increased $4.2 million, or 16.0%, from $26.3 million for the same period in 2022 Total debt, net of cash, decreased $25.4 million during the third quarter

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Net sales of $171.0 million increased 43.6%, or $52.0 million, compared to the second quarter of 2022, a 21.4% increase excluding sales from Fill-Rite which was acquired in May 2022 Second quarter net income was $10.5 million, or $0.40 per share, compared to a net loss of ($1.0) million, or ($0.04) per share, for the second quarter of 2022 Adjusted earnings per share1 for the second quarters of 2023 and 2022 were $0.41 and $0.27, respectively Adjusted EBITDA1 of $33.7 million for the second quarter of 2023 increased $14.1 million, or 71.6%,

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights Net sales of $160.5 million increased 57.1%, or $58.3 million, compared to the first quarter of 2022, a 17.9% increase excluding sales from Fill-Rite which was acquired in May 2022 First quarter net income was $6.5 million, or $0.25 per share, compared to net income of $7.5 million, or $0.29 per share, for the first quarter of 2022 Adjusted earnings per share1 for the first quarter of 2023 and 2022 were $0.27 and $0.29, respectively Adjusted EBITDA1 of $28.4 million for the first quarter of 2023 increased $14.1 million, or 98.7%, from $14.3 m

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the fourth quarter and year ended December 31, 2022. Fourth Quarter 2022 Highlights Net sales of $146.0 million increased 55.0% or $51.8 million compared to the fourth quarter of 2021, a 19.3% increase excluding sales from Fill-Rite which was acquired in May 2022 Fourth quarter net income was $2.4 million, or $0.09 per share, compared to net income of $6.5 million, or $0.25 per share, for the fourth quarter of 2021 Adjusted earnings per share1 for the fourth quarters of 2022 and 2021 were $0.11 and $0.26, respectively Adjusted earnings per share1 include non-cash LIFO2 expense of $0.25 per share and $0.08 per share in

The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.175 per share on the common stock of the Company, payable March 10, 2023, to shareholders of record as of February 15, 2023. This will mark the 292nd consecutive quarterly dividend paid by The Gorman-Rupp Company. Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 27, 2023, and the related establishment of the close of business on February 27, 2023 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual forma

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the third quarter and nine months ended September 30, 2022. Third Quarter 2022 Highlights Net sales of $153.8 million increased 50.6% or $51.7 million compared to the third quarter of 2021, an 11.3% increase excluding sales from Fill-Rite which was acquired in May 2022 Third quarter net income was $2.2 million, or $0.09 per share, compared to net income of $8.8 million, or $0.34 per share, for the third quarter of 2021 Adjusted earnings per share1 for the third quarter of 2022 and 2021 were $0.25 and $0.35, respectively Adjusted earnings include an unfavorable non-cash LIFO impact of $0.11 per share in 2022 compared t

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the second quarter and six months ended June 30, 2022. Second Quarter 2022 Highlights Completed acquisition of Fill-Rite Net sales increased 28.0% or $26.1 million compared to the second quarter of 2021, a 13.4% increase excluding Fill-Rite Second quarter net loss was ($1.0) million, or ($0.04) per share compared to net income of $7.1 million or $0.27 per share for the second quarter of 2021 Adjusted earnings per share1 for the second quarter of 2022 and 2021 were $0.27 and $0.32, respectively Earnings included an unfavorable LIFO impact of $0.13 per share in 2022 compared to $0.02 per share in 2021 Adjusted EBI

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights First quarter earnings per share were $0.29 compared to $0.28 per share for the first quarter of 2021 - Results included an unfavorable LIFO impact of $0.05 and $0.02 per share in 2022 and 2021, respectively Net sales of $102.2 million increased 14.8% compared to the first quarter of 2021 Incoming orders of $112.0 million increased 9.6% compared to the first quarter of 2021 Backlog of $195.5 million increased 55.7% compared to the same period in 2021 Net sales for the first quarter of 2022 were $102.2 million compared to net sales of $89.0 milli

Brings together two companies with shared values focused on providing high quality pumping solutions, developing deep and lasting customer relationships, and promoting positive employee cultures Acquisition strategically expands Gorman-Rupp's position in agriculture, construction and recreation markets Transaction is expected to be cash EPS accretive, adding double digit percentage accretion in 2023 Strong combined free cash flow to support accelerated deleveraging The Gorman-Rupp Company (NYSE:GRC) (the "Company"), a leading designer, manufacturer, and international marketer of pumps and pump systems, today announced that it has entered into a definitive agreement to acquire the a

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the fourth quarter and year ended December 31, 2021. Fourth Quarter 2021 Highlights Fourth quarter earnings per share were $0.25 compared to $0.26 per share for the fourth quarter of 2020 2021 results included an unfavorable LIFO impact of $0.08 per share Results included non-cash pension settlement charges of $0.01 per share in both 2021 and 2020 Net sales of $94.2 million increased 14.1% compared to the fourth quarter of 2020 Incoming orders of $124.1 million increased 33.0% compared to the fourth quarter of 2020 Backlog of $186.0 million increased 64.4% compared to the same period in 2020 Net sales for the

The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company. Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the third quarter and nine months ended September 30, 2021. Third Quarter 2021 Highlights Third quarter earnings per share were $0.34 compared to $0.28 per share for the third quarter of 2020 2021 results included an unfavorable LIFO impact of $0.08 per share due to inflationary pressure Results included non-cash pension settlement charges of $0.01 and $0.03 per share in 2021 and 2020, respectively Sales increased 14.8% and incoming orders increased 32.0% compared to the third quarter of 2020 Backlog improved to $156.5 million at September 30, 2021 Scott A. King promoted to Chief Executive Officer effective Janu

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the second quarter and six months ended June 30, 2021. Second Quarter 2021 Highlights Second quarter earnings per share were $0.27 compared to $0.22 per share for the second quarter of 2020 Second quarter results included a non-cash pension settlement charge of $0.05 per share in 2021 and $0.06 per share in 2020 Net sales increased 8.4% or $7.2 million compared to the second quarter of 2020 and increased 4.5% compared to the first quarter of 2021 Incoming orders increased 46.6% compared to the second quarter of 2020 and increased 18.2% compared to the first quarter of 2021 Backlog improved to $153.0 million at Jun

The Gorman-Rupp Company (NYSE:GRC) reports financial results for the first quarter ended March 31, 2021. First Quarter 2021 Highlights First quarter earnings per share were $0.28 compared to $0.21 per share for the first quarter of 2020 First quarter of 2020 included a non-cash pension settlement charge of $0.04 per share Net sales decreased 2.9% or $2.7 million compared to the first quarter of 2020 and increased 7.9% or $6.5 million compared to the fourth quarter of 2020 Incoming orders increased 1.3% compared to the first quarter of 2020 and increased 9.5% compared to the fourth quarter of 2020 Backlog improved to $125.5 million compared to $113.1 million at December 31, 2020

MANSFIELD, Ohio--(BUSINESS WIRE)--The Gorman-Rupp Company (NYSE: GRC) reports financial results for the fourth quarter and year ended December 31, 2020. Fourth Quarter 2020 Highlights Fourth quarter earnings per share were $0.26 compared to $0.32 per share for the fourth quarter of 2019 Fourth quarter of 2020 included a non-cash pension settlement charge of $0.01 per share Fourth quarter of 2019 included a favorable LIFO impact of $0.04 per share Net sales decreased 11.9% or $11.2 million compared to the fourth quarter of 2019 Fourth quarter ending backlog increased 7.8% compared to the same period in 2019 and increased 11.0% compared to the third quarter of 2020 Net