Gorman-Rupp (NYSE:GRC) Announces Earnings Results

Key Points

• Gorman-Rupp reported quarterly earnings of $0.74 per share, beating analyst estimates of about $0.70, while revenue came in at $186.07 million, slightly below expectations.
• The company also posted record quarterly net sales of $186.1 million and record net income of $19.4 million, with adjusted EBITDA of $38.2 million, highlighting solid operational performance.
• Despite the earnings beat, GRC shares fell 2.3% on the day, and analysts remain generally positive with an average rating of Buy after a recent Zacks upgrade to Strong Buy.

Gorman-Rupp (NYSE:GRC - Get Free Report) released its quarterly earnings data on Friday. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04, Zacks reports. Gorman-Rupp had a net margin of 8.45% and a return on equity of 15.08%. The company had revenue of $186.07 million during the quarter, compared to analyst estimates of $188.89 million.

Gorman-Rupp Stock Down 2.3%

Shares of NYSE:GRC traded down $1.84 during midday trading on Friday, reaching $77.78. The company had a trading volume of 87,790 shares, compared to its average volume of 159,465. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.93 and a quick ratio of 1.76. The stock's fifty day moving average price is $80.58 and its 200-day moving average price is $69.31. The stock has a market capitalization of $2.05 billion, a P/E ratio of 34.86, a PEG ratio of 2.37 and a beta of 1.28. Gorman-Rupp has a one year low of $39.52 and a one year high of $92.78.

Analyst Ratings Changes

A number of analysts recently weighed in on GRC shares. Freedom Capital raised shares of Gorman-Rupp to a "hold" rating in a research report on Monday, May 18th. Zacks Research raised Gorman-Rupp from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Weiss Ratings downgraded Gorman-Rupp from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, June 12th. Finally, Wall Street Zen upgraded Gorman-Rupp from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy".

Hedge Funds Weigh In On Gorman-Rupp

Large investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in Gorman-Rupp by 130.7% during the fourth quarter. NewEdge Advisors LLC now owns 669 shares of the industrial products company's stock worth $32,000 after purchasing an additional 379 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Gorman-Rupp by 125.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,690 shares of the industrial products company's stock worth $62,000 after buying an additional 939 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Gorman-Rupp by 135.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the industrial products company's stock valued at $75,000 after buying an additional 1,180 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Gorman-Rupp during the 4th quarter valued at about $100,000. Finally, Quantbot Technologies LP raised its stake in Gorman-Rupp by 14.4% during the third quarter. Quantbot Technologies LP now owns 2,980 shares of the industrial products company's stock worth $138,000 after acquiring an additional 376 shares during the period. Institutional investors own 59.26% of the company's stock.

Key Stories Impacting Gorman-Rupp

Here are the key news stories impacting Gorman-Rupp this week:

• Positive Sentiment: Gorman-Rupp reported record quarterly net sales of $186.1 million and record net income of $19.4 million, with adjusted EBITDA of $38.2 million, showing continued operational strength. Gorman-Rupp Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Earnings of $0.74 per share beat analyst estimates of about $0.69-$0.70, which likely helped support the stock despite the mixed top-line result. Gorman-Rupp Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The board declared a quarterly cash dividend of $0.19 per share, extending the company’s long dividend record and reinforcing its shareholder-return profile. Gorman-Rupp Company Declares Cash Dividend
• Positive Sentiment: Gorman-Rupp announced that current finance executive Ronald F. Stoops will become CFO on October 1, which may ease concerns around leadership transition by providing an orderly succession plan. The Gorman-Rupp Company Announces CFO Succession Plan
• Neutral Sentiment: Revenue was slightly below analyst expectations, which tempers the earnings beat and suggests sales growth remains modest. Gorman-Rupp Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Zacks Research upgraded the stock from hold to strong-buy, adding another supportive but secondary catalyst. Zacks upgrade

About Gorman-Rupp

Gorman-Rupp Company is a U.S.-based manufacturer specializing in the design, production and distribution of pumps and pumping systems. Its product lineup includes centrifugal self-priming pumps, submersible pumps, vacuum priming pumps and engineered pumps for applications such as water and wastewater management, sewage handling, dewatering, industrial processing and agricultural irrigation. The company supports both standard pump requirements and custom engineered solutions for original equipment manufacturers (OEMs) and municipal clients.

Headquartered in Mansfield, Ohio, Gorman-Rupp has built a reputation for rugged, reliable equipment and aftermarket support services.

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