Gorman-Rupp (NYSE:GRC) Issues Quarterly Earnings Results

Gorman-Rupp (NYSE:GRC) announced its quarterly earnings results on Friday. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $188.89 million.

Gorman-Rupp Price Performance

Shares of GRC traded down $1.84 during midday trading on Friday, reaching $77.78. The stock had a trading volume of 87,790 shares, compared to its average volume of 159,465. Gorman-Rupp has a 52 week low of $39.52 and a 52 week high of $92.78. 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 firm’s 50 day moving average price is $80.58 and its 200-day moving average price is $69.31. The company has a market capitalization of $2.05 billion, a P/E ratio of 34.86, a P/E/G ratio of 2.37 and a beta of 1.28.

Key Headlines 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

Institutional Investors Weigh In On Gorman-Rupp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Gorman-Rupp by 9.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 281,709 shares of the industrial products company’s stock worth $9,888,000 after buying an additional 25,033 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Gorman-Rupp by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 64,912 shares of the industrial products company’s stock worth $2,278,000 after purchasing an additional 7,667 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Gorman-Rupp by 203.0% in the first quarter. Jane Street Group LLC now owns 48,499 shares of the industrial products company’s stock worth $1,702,000 after buying an additional 32,494 shares during the period. Rhumbline Advisers grew its holdings in shares of Gorman-Rupp by 17.4% during the second quarter. Rhumbline Advisers now owns 36,865 shares of the industrial products company’s stock valued at $1,354,000 after buying an additional 5,462 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Gorman-Rupp by 8.6% during the second quarter. American Century Companies Inc. now owns 50,760 shares of the industrial products company’s stock valued at $1,864,000 after buying an additional 4,020 shares in the last quarter. 59.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Zacks Research upgraded shares of Gorman-Rupp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Wall Street Zen upgraded Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Freedom Capital raised Gorman-Rupp to a “hold” rating in a research note on Monday, May 18th. Finally, Weiss Ratings lowered Gorman-Rupp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Gorman-Rupp currently has an average rating of “Buy”.

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.