All Things Business

Gorman Rupp Reports Fourth Quarter And 2017 Year End Results

10 Feb , 2018  

On Friday, the Gorman-Rupp Company reported financial results for the fourth quarter and year ending December 31, 2017.

Fourth Quarter 2017 Highlights

  • Current quarter earnings per share were $0.31 compared to $0.19 per share for the fourth quarter of 2016
  • Fourth quarter of 2016 included a non-cash impairment charge of $0.05 per share
  • Net sales increased 0.8% or $0.7 million. Excluding the PCCP project, net sales increased 1.3% or $1.2 million
  • Incoming orders increased 6% compared to the fourth quarter of 2016
  • The U.S. Tax Cuts and Jobs Act is expected to have a favorable impact on our future income tax rate

More…

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All Things Business

Gorman-Rupp Announces Fourth Quarter and Year End 2016 Financial Results

4 Feb , 2017  

From the Gorman-Rupp Company:

The Gorman-Rupp Company reports financial results for the fourth quarter and year ended December 31, 2016.

Net sales during the fourth quarter were $94.2 million compared to $98.8 million during the fourth quarter of 2015, a decrease of 4.6% or $4.6 million. More…

All Things Business

Gorman-Rupp Declares Dividend, To Hold Annual Shareholders Meeting

28 Jan , 2017  

The Board of Directors of The Gorman-Rupp Company (NYSE MKT: GRC) has declared a quarterly cash dividend of $0.115 per share on the common stock of the Company, payable March 10, 2017, to shareholders of record February 15, 2017. This marks the 268th consecutive quarterly dividend paid by The Gorman-Rupp Company. More…

All Things Business

New Chief Financial Officer At Gorman-Rupp

4 Jan , 2017  

The Board of Directors of The Gorman-Rupp Company has elected James C. Kerr to the position of Chief Financial Officer effective January 1, in accordance with the Company’s succession planning announcement of July 6, 2016. More…

All Things Business

Gorman-Rupp Announces Third Quarter Results, Declares 27th Consecutive Quarterly Divided

29 Oct , 2016  

The Gorman-Rupp Company has reported financial results for the third quarter and nine months ending on September 30.

The company also announced a quarterly dividend of $0.115 per share, or $0.46 annualized. The dividend will be payable on December 9, 2016, to stockholders of record on November 15, 2016, with an ex-dividend date of November 10, 2016. The annual yield on the dividend is 2 percent. More…