earnings
confidence high
sentiment neutral
materiality 0.70
Gorman-Rupp Q4 EPS $0.25 vs $0.26; sales up 14%; backlog surges 64% to $186M
GORMAN RUPP CO
- Q4 EPS $0.25 (incl. $0.08 unfavorable LIFO) vs $0.26; net sales $94.2M, +14.1% YoY.
- Incoming orders $124.1M up 33% YoY; backlog $186.0M up 64.4% from prior year.
- Full-year EPS $1.14 vs $0.97; revenue $378.3M, +8.4% YoY.
- Gross margin fell 210bps to 23.7% on material cost inflation and LIFO impact.
- FY2022 capex planned $15-$20M; effective tax rate expected 20%-22%.