Gorman-Rupp (GRC) Reports Q4 EPS of $0.26
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Gorman-Rupp Reports Fourth Quarter and Full-Year 2020 Financial Results
February 5, 2021 6:30 AM ESTMANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE: GRC) reports financial results for the fourth quarter and year ended December 31, 2020.
Fourth Quarter 2020 Highlights
Fourth quarter earnings per share were $0.26 compared to $0.32 per share for the fourth quarter of 2019 Fourth quarter of 2020 included a non-cash pension settlement charge of $0.01 per share Fourth quarter of 2019 included a favorable LIFO impact of $0.04 per share Net sales decreased 11.9% or $11.2 million compared to the fourth quarter of 2019 Fourth quarter... More