Gorman Rupp Q1: Revenue $176.6M, EPS $0.68 on 47% YoY Net Income Gain
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Gorman Rupp reported Q1 results with net sales of $176.6 million and EPS of $0.68, marking a 47.1% increase in net income to $17.8 million. The growth was driven by increased volume and a 3.0% pricing rise. Gross profit reached $57.4 million with a gross margin of 32.5%. Strong demand was noted in construction, agriculture, and industrial sectors, although international fire shipments declined. The company plans to invest $22–24 million in capital expenditures for machinery and equipment expansion.
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