Gorman-Rupp (GRC) Tops Q2 EPS by 7c
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Gorman-Rupp Reports Second Quarter 2017 Financial Results
July 28, 2017 6:45 AM EDTMANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE: GRC) reports financial results for the second quarter and six months ended June 30, 2017.
Second Quarter 2017 Highlights
Second quarter earnings per share were $0.30, up 20% or $0.05 per share, even with a non-cash pension settlement charge of $0.05 per share in the current quarter. Net sales increased 1.7% or $1.6 million. Excluding the PCCP project, net sales increased 4.4% or $4.1 million. Incoming orders were up 12% compared to the second quarter of 2016 and up 15% compared to the first... More