Gorman-Rupp (GRC) Misses Q3 EPS by 7c

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Go back to Gorman-Rupp (GRC) Misses Q3 EPS by 7c

Gorman-Rupp Reports Third Quarter 2023 Financial Results

October 27, 2023 6:30 AM EDT

MANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter ended September 30, 2023.

Third Quarter 2023 Highlights

Net sales of $167.5 million increased 8.9%, or $13.7 million, compared to the third quarter of 2022 Third quarter net income was $9.0 million, or $0.34 per share, compared to net income of $2.2 million, or $0.09 per share, for the third quarter of 2022 Adjusted earnings per share1 for the third quarter of 2022 were $0.25 Adjusted EBITDA1 of $30.5 million for the third quarter of 2023... More