| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 186.07 | 5.4% | 3.9% |
| Total Income | 186.07 | 5.4% | 3.9% |
| Expenditure | 155.66 | 4.4% | 2.3% |
| PBT | 25.38 | 14.1% | 24.5% |
| Net Profit | 19.43 | 8.9% | 23.0% |
| OPM | 16.34% | 0.78pp | 1.31pp |
| NPM | 10.44% | 0.34pp | 1.62pp |
| EPS | 0.74 | 8.8% | 23.3% |
Gorman-Rupp Reports Record Q2 2026 Financial Results
24 Jul 2026 · 24 Jul, 7:16 pm
Summary
The Gorman-Rupp Company announced record financial results for the second quarter of 2026, with net sales reaching $186.1 million, a 3.9% increase year-over-year, and net income climbing to $19.4 million ($0.74 per share). The company also achieved record net income for the first six months of the year, totaling $37.3 million on net sales of $362.7 million, a 5.7% increase. Margins improved across gross, operating, and Adjusted EBITDA metrics, reflecting successful price increases and favorable product mix. Management highlighted a strong start to the year continuing into the second quarter, with broad-based sales growth and healthy cash flows enabling debt reduction.
Key Highlights
- 1
The Gorman-Rupp Company reported record net sales of $186.1 million for the second quarter of 2026, an increase of 3.9% compared to the second quarter of 2025.
- 2
Net income for the second quarter of 2026 reached a record $19.4 million, or $0.74 per share, up from $15.8 million, or $0.60 per share, in the prior year's second quarter.
- 3
Adjusted EBITDA for Q2 2026 was $38.2 million, representing 20.5% of sales and an increase of 8.3% over the second quarter of 2025.
- 4
Gross margin improved to 32.6% in Q2 2026 from 31.3% in Q2 2025, driven by price increases and favorable product mix.
- 5
Operating income for the second quarter of 2026 was $30.4 million, resulting in an operating margin of 16.3%, an increase from 15.0% in the same period of 2025.
- 6
Year-to-date net sales increased by 5.7% to $362.7 million, with net income rising to $37.3 million for the first six months of 2026.
- 7
Total debt decreased by $33.0 million during the first six months of 2026.
Management Comments
Scott A. King
Our strong start to the year continued into the second quarter. We are pleased with our record second quarter results, which included record net sales and earnings per share. Sales growth was broad-based across many of our markets, led by increased demand in construction and agriculture, as well as increased demand related to data centers across multiple end markets. Our margins remained strong in the second quarter and our earnings performance through the first half of 2026 helped generate solid operating cash flows. The strong cash flows allowed us to reduce total debt by $33.0 million during the first six months of 2026 while continuing to invest in the business. Incoming orders and backlog remained healthy, positioning us well for the second half of the year.
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