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GRC

The Gorman-Rupp Company

https://www.gormanrupp.com

Industry

Industrial - Machinery

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company's products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps. Its products are used in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, military, and other liquid-handling applications, as well as in heating, ventilating, and air conditioning applications. The company markets its products through a network of distributors, manufacturers' representatives, third-party distributor catalogs, direct sales, and commerce. The Gorman-Rupp Company was founded in 1933 and is headquartered in Mansfield, Ohio.

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Gorman-Rupp (NYSE:GRC) reported Q2 2024 adjusted EPS of $0.54, beating the analyst estimate of $0.34 by 58.82%. However, sales of $169.513 million missed the $176.222 million estimate by 3.81%, marking a 0.88% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:39 am

In Thursday's intraday session, several industrials stocks experienced significant movements. Safe & Green Holdings, P.A.M. Transportation, Ultralife, and others saw notable gains, with Safe & Green Holdings leading at a 61.5% increase. On the downside, Hertz Global Holdings, Wilhelmina International, Microvast Holdings, and others faced declines, with Hertz Global Holdings dropping by 18.3%. Earnings reports influenced several of these movements, particularly for Ultralife, Gorman-Rupp, and Orion Group Holdings.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:31 pm

Gorman-Rupp's stock price is trading lower following the announcement of disappointing Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:22 pm

Gorman-Rupp reported Q1 adjusted earnings of $0.30 per share, missing the $0.34 estimate, and sales of $159.27M, below the $168.24M estimate. This represents an 11.11% increase in earnings but a 0.75% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:35 am

Kennametal (NYSE:KMT) announces a dividend payout of $0.20 per share with an annualized yield of 3.16%, for shareholders on record before February 12, 2024. The company's consistent dividend policy and earnings growth from $0.81 to $1.58 per share from 2020 to 2023 highlight its financial health. Kennametal's dividend yield surpasses that of Gorman-Rupp (NYSE:GRC), which stands at 1.97%.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 3:05 pm

Gorman-Rupp (NYSE:GRC) reported Q4 earnings with a 41.67% beat on EPS estimates, posting $0.34 versus the expected $0.24. Revenue increased by $14.56 million from the same period last year. The company has a history of beating EPS estimates, which in the past has led to a share price increase the following day.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 1:05 pm

Gorman-Rupp (NYSE:GRC) reported Q4 earnings of $0.34 per share, surpassing the $0.24 estimate, marking a 209.09% increase from last year. Sales reached $160.56M, exceeding the $156.78M estimate, up 9.98% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 11:40 am

The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.18 per share, payable on December 8, 2023. This represents a 2.9% increase over the previous quarter's dividend of $0.175 per share.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:42 am

Gorman-Rupp (NYSE:GRC) reported Q3 earnings of $0.34 per share, beating the analyst consensus estimate of $0.32 by 6.25%. This is a 36% increase from the same period last year. The company also reported quarterly sales of $167.46 million, beating the estimate of $163.79 million by 2.24%, an 8.88% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:32 am

Gorman-Rupp (NYSE:GRC) is set to release its quarterly earnings report on October 27, 2023. Analysts estimate an earnings per share (EPS) of $0.32. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $29.73 and has seen a 9.36% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 4:01 pm

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