Gorman-Rupp Q2 Earnings Hit Records: Sales $186M, EPS $0.74
GRC has more than doubled off its 52-week low of $37.5.
Summary
Gorman-Rupp delivered record Q2 results with net sales of $186.1 million, up 3.9% year-over-year, and net income of $19.4 million, or $0.74 per share, beating the prior year's $0.60. Adjusted EBITDA was $38.2 million. Gross margin expanded 130 basis points to 32.6%, driven by price increases and favorable mix, while interest expense fell on lower debt. The quarter builds on a strong Q1, with year-to-date sales up 5.7% and debt reduced by $33 million. Construction and agriculture markets led growth, offsetting weakness in fire suppression. The consistent margin improvement and debt paydown reinforce the company's earnings trajectory.
At the time of this announcement, GRC was trading at $79.65 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $37.50 to $92.78. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.