Gorman-Rupp (GRC) Misses Q3 EPS by 11c, Revenue Beats
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Gorman-Rupp Reports Third Quarter 2022 Financial Results
October 28, 2022 6:30 AM EDTMANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter and nine months ended September 30, 2022.
Third Quarter 2022 Highlights
Net sales of $153.8 million increased 50.6% or $51.7 million compared to the third quarter of 2021, an 11.3% increase excluding sales from Fill-Rite which was acquired in May 2022 Third quarter net income was $2.2 million, or $0.09 per share, compared to net income of $8.8 million, or $0.34 per share, for the third quarter of 2021 Adjusted earnings per share1 for the third quarter of 2022 and 2021... More