Gorman-Rupp (GRC) Misses Q2 EPS by 8c
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Gorman-Rupp Company Declares Cash Dividend
July 24, 2015 8:50 AM EDTMANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE MKT: GRC) has declared a quarterly cash dividend of $0.10 per share on the common stock of the Company, payable September 10, 2015, to shareholders of record August 14, 2015. This marks the 262nd consecutive... More
Gorman-Rupp Reports Second Quarter 2015 Financial Results
July 24, 2015 8:47 AM EDTMANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE MKT: GRC) reports financial results for the second quarter and six months ended June 30, 2015.
Net sales during the second quarter were $103.9 million compared to $109.7 million during the second quarter of 2014. Domestic sales decreased 10.8% or $8.3 million while international sales increased 7.9% or $2.5 million compared to the same period in 2014. Sales in the water end markets were comparable between periods as they increased $700,000 or 1.0% and sales in non-water end markets decreased 19.2% or $6.5 million during the quarter. Of the total $5.8 million decrease in net sales in the second quarter,... More
