Loading...
•
Dec 31, 2019
Gorman-Rupp Q4 2019 Earnings Report
Gorman-Rupp's Q4 2019 financial results were reported, showing a decrease in net sales but an increase in incoming orders.
Key Takeaways
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.
Net sales decreased by 9.0% to $93.7 million compared to Q4 2018.
Domestic sales decreased by 10.3% and international sales decreased by 6.3%.
Incoming orders increased by 2.7% compared to Q4 2018.
Earnings per share were $0.32, including a favorable LIFO impact of $0.04 per share.
Forward Guidance
For 2020, Gorman-Rupp anticipates continued challenges in domestic spending for industrial products and international markets. However, they expect pump sales for municipal and flood control applications to be more positive, and additional spending on domestic infrastructure could be beneficial.
Positive Outlook
- Pump sales for municipal and flood control applications should be more positive.
- Additional spending on domestic infrastructure could be beneficial.
- Exciting opportunities exist in the way pumps are engineered, packaged, and controlled for higher efficiency.
- The company continues to look for acquisitions that will supplement growth for new and existing products and markets.
- Strong balance sheet and positive cash flow are advantages should the right acquisition opportunities arise.
Challenges Ahead
- Both domestic spending for industrial products and international markets will remain somewhat challenging.
- Uncertainty in international markets.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...