Gorman-Rupp reported higher Q4 2025 revenue and profitability, supported by improved gross margin, disciplined SG&A management, and strong demand across several end markets, resulting in increased earnings and cash generation.
Despite increased sales and order volume, Gorman-Rupp's earnings declined in Q3 2025 due to one-time optimization costs and margin pressure. Strong incoming orders and a rising backlog suggest solid momentum going into 2026.
Gorman-Rupp achieved $179.0M in revenue for Q2 2025, driven by growth in municipal, fire suppression, and industrial markets. Net income surged to $15.8M as operating efficiencies offset higher material costs. Record incoming orders and a robust backlog position the company for continued growth.
The Gorman-Rupp Company reported a strong first quarter in 2025 with net sales increasing by 2.9% to $163.9 million and net income rising significantly to $12.1 million, or $0.46 per share, up from $7.9 million, or $0.30 per share, in Q1 2024. Adjusted EBITDA also saw a 5.3% increase to $29.7 million.
Gorman-Rupp reported a 1.3% increase in net sales for Q4 2024, reaching $162.7 million. Net income also increased to $11.0 million, or $0.42 per share, compared to $9.0 million, or $0.34 per share, in Q4 2023. The company benefited from pricing increases and growth in the municipal, repair, and agriculture markets, offset by a decrease in fire suppression sales.
Gorman-Rupp reported a slight increase in net sales for Q3 2024, accompanied by a significant improvement in net income and gross margin. The company benefited from pricing increases and strategic refinancing, which led to higher earnings compared to the same period last year.
Gorman-Rupp reported a slight decrease in net sales for Q2 2024, but saw improvements in adjusted earnings per share and adjusted EBITDA. Incoming orders increased, and the company refinanced its debt, which is expected to reduce interest expenses.
Gorman-Rupp reported a slight decrease in net sales for Q1 2024, with $159.3 million compared to $160.5 million in Q1 2023. Despite the sales dip, the company saw improvements in gross margin and earnings per share, driven by cost management and pricing strategies. Incoming orders reached a record $178.9 million, increasing backlog to $234.2 million.
Gorman-Rupp reported a 10.0% increase in net sales for Q4 2023, driven by higher volumes and pricing. Net income and adjusted EPS also increased significantly. The company's diverse markets and strategic investments contributed to the positive results.
Gorman-Rupp reported an 8.9% increase in net sales, reaching $167.5 million. Net income significantly improved to $9.0 million, or $0.34 per share, compared to $2.2 million, or $0.09 per share in the same quarter of the previous year. Adjusted EBITDA also increased by 16.0% to $30.5 million.
Gorman-Rupp reported a strong second quarter with a 43.6% increase in net sales, driven by the acquisition of Fill-Rite and organic growth. Net income improved significantly to $10.5 million, or $0.40 per share, compared to a net loss in the previous year. Adjusted EBITDA also saw a substantial increase, reflecting improved operational efficiency and the impact of pricing actions.
Gorman-Rupp reported a strong first quarter in 2023, with net sales increasing by 57.1% to $160.5 million, driven by organic growth and the acquisition of Fill-Rite. Net income was $6.5 million, or $0.25 per share, and adjusted EBITDA increased significantly. The company's backlog reached a record level, and incoming orders also saw substantial growth.
Gorman-Rupp reported a 55.0% increase in net sales for the fourth quarter of 2022, reaching $146.0 million, which includes a full quarter of Fill-Rite results. Net income for the quarter was $2.4 million, or $0.09 per share, compared to $6.5 million, or $0.25 per share, for the same period in 2021. Adjusted EBITDA increased by 104% to $28.5 million, with Fill-Rite contributing $7.7 million.
Gorman-Rupp's third quarter net sales increased by 50.6% to $153.8 million compared to the third quarter of 2021, which includes sales from Fill-Rite. Net income was $2.2 million, or $0.09 per share, compared to net income of $8.8 million, or $0.34 per share, for the third quarter of 2021.
Gorman-Rupp reported a 28% increase in net sales, driven by the acquisition of Fill-Rite, but experienced a net loss of $1.0 million, or $0.04 per share, due to acquisition costs and an unfavorable LIFO impact. Adjusted earnings per share was $0.27, and adjusted EBITDA increased by 13.2% to $15.4 million.
Gorman-Rupp reported a 14.8% increase in net sales, reaching $102.2 million, and earnings per share of $0.29 compared to $0.28 in the first quarter of 2021. Incoming orders also increased by 9.6%, and the company's backlog grew significantly by 55.7%.
Gorman-Rupp reported a 14.1% increase in net sales for Q4 2021, reaching $94.2 million compared to $82.5 million in Q4 2020. Earnings per share were $0.25, slightly lower than the $0.26 reported in the same period last year. Incoming orders increased by 33.0%, and the company's backlog increased significantly by 64.4%.
Gorman-Rupp reported a strong third quarter in 2021, with a 14.8% increase in net sales and a 32.0% increase in incoming orders compared to the same period in 2020. Earnings per share rose to $0.34, and the company's backlog improved to $156.5 million. Scott A. King was promoted to CEO, effective January 1, 2022.
Gorman-Rupp reported an increase in net sales by 8.4% and earnings per share of $0.27 compared to $0.22 for the second quarter of 2020. The company's incoming orders increased 46.6% and backlog improved to $153.0 million during the quarter.
Gorman-Rupp reported a decrease in net sales by 2.9% compared to Q1 2020, but earnings per share increased to $0.28. The company's incoming orders improved, leading to a strong backlog position. They are monitoring supply chain developments and taking measures to mitigate risks.
Gorman-Rupp reported a decrease in net sales by 11.9% and a decrease in earnings per share from $0.32 to $0.26 for the fourth quarter of 2020, compared to the same period in 2019. The decrease in sales was attributed to the COVID-19 pandemic and reduced demand from midstream oil and gas customers. Despite these challenges, the company ended the year in a strong financial condition and with an increased backlog of orders.
Gorman-Rupp reported a decrease in net sales by 10.4% and earnings per share of $0.28 compared to $0.37 in the third quarter of 2019. The decrease was primarily due to the COVID-19 pandemic and a slowdown in the oil & gas industry. However, sales and earnings improved over the second quarter of 2020 due to increased sales and cost containment efforts.
Gorman-Rupp reported a decrease in net sales by 20.8% and earnings per share of $0.22 compared to $0.40 for the same quarter last year. The decrease in sales was primarily due to the COVID-19 pandemic. The company highlighted its strong balance sheet with $85.8 million in cash and no debt.
Gorman-Rupp reported a decrease in net sales by 5.4% to $91.7 million and a decrease in earnings per share to $0.21 for the first quarter of 2020. The results were impacted by decreased sales in water and non-water markets, offset by increases in fire protection and agriculture markets. Gross margin improved due to lower material costs.
Gorman-Rupp reported a decrease in net sales for Q4 2019, with domestic and international sales both declining. However, incoming orders increased compared to both the previous quarter and the same quarter in the prior year. Earnings per share were $0.32, which included a favorable LIFO impact.