Gorman-Rupp (GRC) Misses Q2 EPS by 6c

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Go back to Gorman-Rupp (GRC) Misses Q2 EPS by 6c

Gorman-Rupp Reports Second Quarter 2022 Financial Results

July 29, 2022 6:45 AM EDT

MANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE: GRC) reports financial results for the second quarter and six months ended June 30, 2022.

Second Quarter 2022 Highlights

Completed acquisition of Fill-Rite Net sales increased 28.0% or $26.1 million compared to the second quarter of 2021, a 13.4% increase excluding Fill-Rite Second quarter net loss was ($1.0) million, or ($0.04) per share compared to net income of $7.1 million or $0.27 per share for the second quarter of 2021 Adjusted earnings per share1 for the second quarter of 2022 and 2021 were $0.27 and $0.32,... More