Gorman-Rupp (GRC) Reports Q3 EPS of $0.34, Announces Promotion of Scott A. King to CEO

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Go back to Gorman-Rupp (GRC) Reports Q3 EPS of $0.34, Announces Promotion of Scott A. King to CEO

Gorman-Rupp Reports Third Quarter 2021 Financial Results and Announces Promotion of Scott A. King to CEO

October 29, 2021 6:00 AM EDT

MANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter and nine months ended September 30, 2021.

Third Quarter 2021 Highlights

Third quarter earnings per share were $0.34 compared to $0.28 per share for the third quarter of 2020 2021 results included an unfavorable LIFO impact of $0.08 per share due to inflationary pressure Results included non-cash pension settlement charges of $0.01 and $0.03 per share in 2021 and 2020, respectively Sales increased 14.8% and incoming orders increased 32.0% compared to the third quarter of... More