Gorman-Rupp: Q2 Earnings Insights

Shares of Gorman-Rupp GRC moved higher by 0.2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 30.00% over the past year to $0.28, which beat the estimate of $0.19.

Revenue of $85,814,000 decreased by 20.78% year over year, which beat the estimate of $81,250,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Gorman-Rupp hasn't issued any revenue guidance for the time being.

Technicals

52-week high: $39.60

Company's 52-week low was at $21.49

Price action over last quarter: Up 16.72%

Company Profile

Gorman-Rupp Co designs, manufactures and globally sells pumps and pump systems for use in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning, military and other liquid-handling applications. It operates in one business segment, the manufacture, and sale of pumps and pump systems and generates revenue from the same.

Posted In: EarningsNews