| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 172.83 | 3.5% | 2.8% |
| Total Income | 172.83 | 3.5% | 2.8% |
| Expenditure | 151.35 | 0.5% | 4.9% |
| PBT | 15.33 | 24.8% | 4.5% |
| Net Profit | 11.34 | 28.2% | 12.2% |
| OPM | 12.43% | 2.60pp | 1.78pp |
| NPM | 6.56% | 2.26pp | 1.12pp |
| EPS | 0.43 | 28.3% | 12.2% |
Gorman-Rupp Reports Q3 2025 Financial Results
04 May 2026 · 4 May, 8:48 am
Summary
The Gorman-Rupp Company reported a 2.8% increase in net sales for the third quarter of 2025, reaching $172.8 million. Net income decreased to $11.3 million, or $0.43 per share, compared to $12.9 million, or $0.49 per share, in the third quarter of 2024. Incoming orders showed a strong increase of 19.2%. Year-to-date net sales increased by 3.8% to $515.8 million, and total debt decreased by $45.0 million. Management expects to maintain margin rates over the long-term by monitoring the impact of tariffs and taking appropriate pricing actions.
Key Highlights
- 1
Net sales for the third quarter of 2025 were $172.8 million, an increase of 2.8% compared to the third quarter of 2024.
- 2
Net income for the third quarter of 2025 was $11.3 million, or $0.43 per share, compared to $12.9 million, or $0.49 per share, for the same period in 2024.
- 3
Incoming orders increased by 19.2% to $184.5 million compared to the third quarter last year.
- 4
Year-to-date net sales increased by 3.8% to $515.8 million compared to the first nine months of 2024.
- 5
Year-to-date incoming orders increased by 10.9% to $550.2 million compared to the first nine months of 2024.
- 6
The Company's backlog of orders was $234.2 million at September 30, 2025, compared to $207.8 million at September 30, 2024.
- 7
Total debt decreased $45.0 million through the first nine months of 2025.
Management Comments
Scott A. King
During the quarter we made the decision to close two of our smaller facilities that primarily served the agriculture market and to transition a third facility to support both the expansion of our data center driven HVAC business and continued growth in the municipal and fire markets. While it is always a difficult decision to close facilities, we believe these actions will improve profitability by reducing fixed costs while also supporting our higher growth markets. Although our gross margin has decreased slightly from our record levels due to the timing of price increases versus the timing of tariff expenses, we expect to be able to maintain our margin rates over the long-term by monitoring the impact of tariffs and taking appropriate pricing actions. Cash flow continued to be strong during the quarter resulting in an additional reduction in debt, bringing the total reduction through the first three quarters of 2025 to $45 million, thereby further improving interest expense. We continued to see strong incoming orders during the quarter across the majority of our markets with year-to-date incoming orders now up over 10% from the same period last year. As a result of these strong incoming orders, our backlog has continued to increase and positions us well for the balance of 2025 and into 2026.”
Informational and educational content only. Not investment advice.