Quarterly ResultJul 24, 2026, 09:46 AM
Gorman-Rupp Q2 Net Sales $186.1M, EPS $0.74; YTD Debt Down $33M
AI Summary
The Gorman-Rupp Company reported record financial results for the second quarter and first six months of 2026. Q2 net sales increased 3.9% to $186.1 million, and net income rose to $19.4 million, or $0.74 per share. Year-to-date, net sales grew 5.7% to $362.7 million, with net income reaching $37.3 million, or $1.41 per share. The company also significantly reduced its total debt by $33.0 million during the first half of the year, driven by strong operating cash flows.
Key Highlights
- Q2 2026 net sales increased 3.9% to a record $186.1 million.
- Q2 2026 net income rose to a record $19.4 million, or $0.74 per share.
- Adjusted EBITDA for Q2 2026 grew 8.3% to $38.2 million, 20.5% of sales.
- Year-to-date net sales increased 5.7% to $362.7 million.
- Year-to-date net income reached $37.3 million, or $1.41 per share.
- Total debt decreased by $33.0 million during the first six months of 2026.
- Incoming orders for the first six months increased 1.4% to $370.8 million.
- Gross margin improved to 32.6% in Q2 and 32.5% year-to-date.
Price Impact
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