Quarterly ResultApr 27, 2026, 11:41 AM
GRC Q1 Net Income +47.1% to $17.8M; EPS $0.68; Sales +7.7%
AI Summary
GORMAN RUPP CO (GRC) reported a significant increase in net income for Q1 2026, rising 47.1% to $17.8 million, with EPS of $0.68. Net sales grew 7.7% to $176.6 million, driven by volume growth and pricing increases. Operating income increased 24.2% to $27.5 million, with gross margin expanding by 180 basis points. The company also authorized a quarterly dividend of $0.19 per share and reported a 5.5% increase in incoming orders, leading to a higher backlog.
Key Highlights
- Net income increased 47.1% to $17.8 million ($0.68 EPS) in Q1 2026.
- Net sales rose 7.7% to $176.6 million in Q1 2026.
- Operating income grew 24.2% to $27.5 million, with operating margin at 15.6%.
- Gross margin expanded by 180 basis points to 32.5%.
- Incoming orders increased 5.5% in Q1 2026, with backlog at $247.9 million.
- Quarterly dividend of $0.19 per share authorized, payable June 10, 2026.
- Construction market sales increased $6.3 million (+30.2%).
- Agriculture market sales increased $4.4 million (+19.6%).