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.
The Gorman-Rupp Company (NYSE: GRC) is a pump and pumping equipment manufacturer that designs, manufactures and markets pumps and pump systems for water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire suppression, HVAC, military and other liquid-handling applications. This news page focuses on the company’s public announcements and financial communications.
Visitors can review Gorman-Rupp’s quarterly and annual financial results, where the company reports net sales, gross margin, operating income, interest expense, net income, adjusted earnings per share, adjusted EBITDA, incoming orders, backlog and cash flow from operating activities. These releases also describe trends in key markets such as municipal water and wastewater projects, fire suppression, construction, agriculture, industrial applications including data center-related demand, petroleum, OEM and repair.
The news feed also includes dividend declarations, which highlight Gorman-Rupp’s history of consecutive quarterly dividends and many years of dividend increases. Investors following income-oriented strategies may use these updates to track the company’s dividend actions over time.
In addition, Gorman-Rupp’s news releases provide management commentary on factors affecting performance, including infrastructure spending, flood control and storm water management projects, construction activity, agricultural conditions, tariffs, supply chain considerations, healthcare costs and debt refinancing. Safe harbor statements in these releases outline company-specific and general risk factors that may influence future results.
By monitoring this page, readers can follow the latest reported results, dividend announcements and other company communications related to GRC, all drawn from the firm’s official news releases and associated SEC Form 8-K filings.
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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.
The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.175 per share, payable on March 10, 2023, to shareholders of record as of February 15, 2023. This marks the 292nd consecutive quarterly dividend. The Board announced an Annual Meeting of Shareholders on April 27, 2023, with a record date of February 27, 2023. Director Rick R. Taylor will not stand for re-election at the upcoming meeting.
As a prominent provider of pumps and liquid-handling systems, Gorman-Rupp's announcements reflect ongoing shareholder returns and corporate governance updates.
The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.175 per share, payable on December 9, 2022, to shareholders on record as of November 15, 2022. This marks a 2.9% increase from the previous quarter's dividend of $0.17. The upcoming payment signifies the company’s 291st consecutive quarterly dividend and celebrates its 50th consecutive year of increased dividends, placing it among the top 50 U.S. public companies for longevity in dividend increases.
The Gorman-Rupp Company (NYSE: GRC) reported a net sales increase of 50.6% to $153.8 million for Q3 2022, driven by the Fill-Rite acquisition. However, net income fell to $2.2 million ($0.09/share), down from $8.8 million ($0.34/share) a year earlier. Adjusted EPS dropped to $0.25 from $0.35 due to non-cash amortization expenses and a LIFO impact. Adjusted EBITDA rose 56.3% to $22.5 million. Strong demand resulted in a backlog of $266.7 million. Despite the strong revenue growth, rising costs and diminished profit margins could affect future performance.
The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share, payable on September 9, 2022, to shareholders of record as of August 15, 2022. This payment marks the company's 290th consecutive quarterly dividend, underscoring its commitment to returning value to shareholders. Founded in 1933, Gorman-Rupp specializes in pumps and pump systems across various sectors, including water, wastewater, and industrial applications.
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