$76.220
-1.334 (-1.75%)Al cierre
Noticias de GRC
Eventos de GRC
Gorman-Rupp Appoints Ronald Stoops as CFO
The Gorman-Rupp Company announces that James Kerr, Executive Vice President and CFO, will be succeeded as CFO by current Vice President of Finance, Ronald Stoops, effective October 1. Kerr will assist with the transition and will continue to serve as a senior advisor to the company until his retirement at a later date. Stoops joined Gorman-Rupp in 2020 and has held a number of financial roles, including most recently Vice President of Finance. Prior to joining Gorman-Rupp, he held financial positions with a publicly held global manufacturing company and started his career with the audit practice of KPMG.
Company Reports Q2 Revenue of $186.1 Million
Reports Q2 revenue $186.1M vs. $179M last year. Scott King, President and CEO, commented, "Our strong start to the year continued into the second quarter. We are pleased with our record second quarter results, which included record net sales and earnings per share. Sales growth was broad-based across many of our markets, led by increased demand in construction and agriculture, as well as increased demand related to data centers across multiple end markets. Our margins remained strong in the second quarter and our earnings performance through the first half of 2026 helped generate solid operating cash flows. The strong cash flows allowed us to reduce total debt by $33.0 million during the first six months of 2026 while continuing to invest in the business. Incoming orders and backlog remained healthy, positioning us well for the second half of the year."
Scott A. King Expects Strong Start to 2026 with Q1 Revenue of $176.6M
Reports Q1 revenue $176.6M, consensus $170.61M. Scott A. King, CEO, commented, "We delivered a strong start to 2026, with solid sales growth, meaningful margin expansion, and record earnings. Our results reflect the impact of pricing actions, a favorable product mix, improved leverage across labor, overhead, and SG&A, and efficient execution across our operations. Demand remained broad-based across most of our end markets with incoming order volumes supporting sales growth and increasing our backlog, which we believe positions us well for the remainder of the year. We also generated strong operating cash flow and reduced debt during the quarter. As we move forward, we remain focused on disciplined execution, investing appropriately in the business, and delivering long-term profitable growth."
Company Reports Q4 Revenue of $166.6M, Exceeding Expectations
Reports Q4 revenue $166.6M vs. $, consensus $162.7M last year. Scott King, President and CEO, commented, "We are proud to have attained record sales, adjusted earnings per share and incoming orders during the year. Full year sales increased across the majority of our markets and all markets saw an increase in incoming orders. We maintained the record gross margin rates we achieved in 2024 and effectively managed our SG&A costs throughout the year. Cash flow continued to be strong, enabling a $60 million reduction in debt, resulting in a significant decrease in interest expense. Improvements in operating income, combined with reduced interest expense, led to a 22% increase in adjusted earnings per share. As we begin 2026 our outlook remains positive. The 10% increase in incoming orders during 2025 increased our backlog to a healthy $244 million. We expect our municipal market to continue to benefit from infrastructure spending, including strong demand for flood control and storm water management, and expect a number of our markets to continue to benefit from increased demand related to data center construction. Our strong cash flow positions us well to further reduce our debt and interest expense going forward."
Gorman-Rupp Increases Dividend by 2.7% to 19 Cents
The Board of Directors of The Gorman-Rupp has declared a quarterly cash dividend of 19c per share on the common shares of the Company, payable December 10, to shareholders of record November 14. The cash dividend will represent a 2.7% increase over the 18.5c dividend per share paid in the previous quarter. This action will mark the 303rd consecutive quarterly dividend paid by The Gorman-Rupp Company and the 53rd consecutive year of increased dividends to its shareholders.
Esta página es solo para investigación y no constituye asesoramiento de inversión. Los modelos pueden equivocarse. El rendimiento pasado no garantiza resultados futuros.