Gorman-Rupp (GRC) Misses Q4 EPS by 3c, Revenues Beat

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Go back to Gorman-Rupp (GRC) Misses Q4 EPS by 3c, Revenues Beat

Gorman-Rupp Reports Fourth Quarter Financial Results and Record Full-Year 2018 Earnings

February 8, 2019 6:45 AM EST

MANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE: GRC) reports financial results for the fourth quarter and year ended December 31, 2018.

Fourth Quarter 2018 Highlights

Fourth quarter earnings per share were $0.36 compared to $0.31 per share for the fourth quarter of 2017
- Fourth quarter of 2018 included a special cash bonus paid to all employees in connection with the U.S. Tax Cuts and Jobs Act of $0.04 per share and an unfavorable LIFO impact of $0.03 per share
- Lower effective income tax rate in the fourth quarter of 2018 due primarily to... More