Quarterly ResultOct 23, 2026, 09:16 AM
Gorman-Rupp Reports Record Q3 Sales of $193.3M, Net Income Doubles
AI Summary
The Gorman-Rupp Company announced strong financial results for the third quarter of 2026, reporting record net sales and net income. Net sales increased by 11.8% to $193.3 million, driven by volume growth and price increases across all markets. Net income more than doubled to $22.7 million, or $0.86 per share, compared to $11.3 million, or $0.43 per share, in the prior year. The company also achieved record adjusted EBITDA of $41.8 million. For the year-to-date period, net sales grew 7.8% and net income increased significantly, with total debt reduced by $58.0 million.
Key Highlights
- Gorman-Rupp reported record Q3 2026 net sales of $193.3 million, up 11.8% YoY.
- Record Q3 2026 net income was $22.7 million, or $0.86 per share, up from $11.3 million ($0.43/share) in Q3 2025.
- Adjusted EBITDA reached a record $41.8 million in Q3 2026, a 29.4% increase YoY.
- Year-to-date net sales increased 7.8% to $555.9 million.
- Year-to-date net income rose to $60.0 million ($2.27/share) from $39.3 million ($1.49/share) in 2025.
- Total debt decreased by $58.0 million in the first nine months of 2026.
- Operating income for Q3 2026 was $33.9 million, a significant increase from $21.5 million in Q3 2025.
Price Impact
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