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.
Net sales for Q1 2025 increased by 2.9% to $163.9 million compared to Q1 2024.
Net income for Q1 2025 rose to $12.1 million ($0.46 per share) from $7.9 million ($0.30 per share) in Q1 2024, a 53% increase in earnings per share.
Adjusted EBITDA for Q1 2025 increased by 5.3% to $29.7 million.
Total debt decreased by $14.6 million during the quarter, primarily due to refinancing transactions and a decrease in outstanding debt.
The company remains optimistic about its full-year outlook and is focused on delivering profitable growth, leveraging strong incoming orders and infrastructure spending.
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