Gorman-Rupp (GRC) Misses Q4 EPS by 1c, Misses on Revenue
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Gorman-Rupp Reports Fourth Quarter and Full-year 2024 Financial Results
February 7, 2025 6:30 AM ESTMANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE: GRC) reports financial results for the fourth quarter and year ended December 31, 2024.
Fourth Quarter 2024 Highlights
Net sales of $162.7 million increased 1.3%, or $2.1 million, compared to the fourth quarter of 2023 Fourth quarter net income was $11.0 million, or $0.42 per share, compared to net income of $9.0 million, or $0.34 per share, for the fourth quarter of 2023 Interest expense decreased due to debt refinancing in the second quarter of 2024 and reduced debt levels Incoming orders for the fourth quarter of... More