Welcome to our dedicated page for Gorman-Rupp Co news (Ticker: GRC), a resource for investors and traders seeking the latest updates and insights on Gorman-Rupp Co stock.
Gorman-Rupp Co (GRC) delivers essential pump system solutions for water management, industrial operations, and critical infrastructure projects worldwide. This news hub provides investors and industry professionals with comprehensive updates on corporate developments, technical innovations, and market positioning.
Access timely updates including earnings reports, product launches, strategic partnerships, and operational milestones. Our curated collection features press releases about fluid-handling advancements, manufacturing expansions, and sustainability initiatives that demonstrate GRC's engineering leadership.
Key content includes:
• Quarterly financial performance
• New pump system developments
• Industry-specific application breakthroughs
• Regulatory compliance updates
• Global market expansion news
Bookmark this page for direct access to verified information about GRC's contributions to water infrastructure, construction technology, and industrial fluid management. Regularly updated to serve as your primary resource for understanding this pump manufacturer's evolving role in essential industries.
The Gorman-Rupp Company (NYSE: GRC) reported strong financial results for the first quarter ended
The Gorman-Rupp Company (NYSE: GRC) announced its financial results for Q4 and FY 2022. Net sales reached $146.0 million for Q4, a 55.0% increase from the previous year. However, net income dropped to $2.4 million or $0.09 per share, down from $6.5 million or $0.25 per share in Q4 2021. Adjusted EBITDA rose 104% to $28.5 million. For FY 2022, sales totaled $521.0 million, up 37.7%, while net income fell to $11.2 million, or $0.43 per share, down from $29.9 million or $1.14 per share in 2021. The increase in sales was primarily driven by the Fill-Rite acquisition, contributing $87.4 million in sales since May 2022.
