Gorman-Rupp (GRC) Reports In-Line Q1 EPS

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Go back to Gorman-Rupp (GRC) Reports In-Line Q1 EPS

Gorman-Rupp Reports First Quarter 2021 Financial Results

April 22, 2021 6:15 AM EDT

MANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE: GRC) reports financial results for the first quarter ended March 31, 2021.

First Quarter 2021 Highlights

First quarter earnings per share were $0.28 compared to $0.21 per share for the first quarter of 2020 First quarter of 2020 included a non-cash pension settlement charge of $0.04 per share Net sales decreased 2.9% or $2.7 million compared to the first quarter of 2020 and increased 7.9% or $6.5 million compared to the fourth quarter of 2020 Incoming orders increased 1.3% compared to the first quarter of... More