Gorman-Rupp Q3 sales jumps 11.8% to $193.3 million
Key points
- Gorman-Rupp reported record third-quarter 2026 net sales of $193.3 million, up 11.8% year over year, supported by higher volumes and price increases across its markets.
- Net income doubled to $22.7 million, or $0.86 per share, while adjusted EBITDA increased 29.4% to $41.8 million and gross margin improved to 33.4%.
- For the first nine months, operating cash flow reached $114.9 million, total debt declined $58 million, and full-year capital spending is expected to reach $22 million–$24 million.
The Gorman-Rupp Company (NYSE:GRC) reported record third-quarter 2026 net sales of $193.3 million, up 11.8% year over year, as demand and pricing improved across its markets.
Sales increased from $172.8 million a year earlier and exceeded analysts' revenue estimate of approximately $181.6 million, while earnings per share reached $0.86 against an estimated $0.70.
Net income increased to $22.7 million from $11.3 million, supported by stronger sales, improved operating margins and lower interest expenses.
Gross margin increased to 33.4% from 29.2%, while operating income rose to $33.9 million and adjusted EBITDA reached a record $41.8 million.
Gorman-Rupp expects full-year 2026 capital expenditures of approximately $22 million–$24 million, primarily supporting manufacturing equipment and operational investments.
Sales growth included increases of $4.7 million in agriculture, $3.5 million in construction, $3.4 million in industrial markets and $3.8 million in fire suppression.
For the first nine months, sales increased 7.8% to $555.9 million and net income rose to $60 million, while operating cash flow reached $114.9 million and total debt declined $58 million.
