earnings
confidence high
sentiment positive
materiality 0.75
Gorman-Rupp Q2 EPS $0.27, revenue $93M (+8.4%); orders up 46.6%
GORMAN RUPP CO
- EPS $0.27 vs $0.22 (includes $0.05 pension charge); net income $7.1M vs $5.6M.
- Revenue $93.0M (+8.4% YoY); domestic +8.1%, international +9.1%.
- Backlog $153.0M, up $27.5M from Q1; incoming orders +46.6% vs Q2 2020.
- Operating margin improved 90 bps to 11.4%; gross margin improved 100 bps to 26.5%.
- CEO cites economic recovery but notes supply chain challenges; FY2021 capex planned $12-15M.