All Things Business

Gorman-Rupp Reports First Quarter 2020 Results

25 Apr , 2020  

On Thursday, the Gorman-Rupp Company reported financial results for the first quarter ended March 31, 2020.

First Quarter 2020 Highlights

  • First quarter earnings per share were $0.21 compared to $0.28 per share for the first quarter of 2019
    – First quarter of 2020 included a non-cash pension settlement charge of $0.04 per share
  • Net sales decreased 5.4% or $5.2 million compared to the first quarter of 2019
  • First quarter incoming orders decreased 3.3% compared to the first quarter of 2019 and increased 3.5% compared to the fourth quarter of 2019
  • Strong balance sheet and liquidity with $82.4 million cash on hand and no debt

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