Gorman-Rupp Co (GRC) Releases Earnings Results, Beats Expectations By $0.03 EPS

Gorman-Rupp Co (GRC) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.22. The company posted revenue of $96.26 million in the period, compared to analysts expectations of $97.67 million. The company’s revenue was down -7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Gorman-Rupp Co closed down -0.13 points or -0.50% at $25.71 with 37,354 shares getting traded on Thursday. Post opening the session at $26.08, the shares hit an intraday low of $25.55 and an intraday high of $26.08 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 9, 2016, Christopher H Lake (director) sold 3,000 shares at $27.81 per share price. According to the SEC, on Aug 25, 2015, Ronald D Pittenger (Assistant Treasurer) purchased 1,127 shares at $22.19 per share price. On Aug 25, 2015, Wayne L Knabel (CFO) purchased 786 shares at $22.19 per share price, according to the Form-4 filing with the securities and exchange commission.

The Gorman-Rupp Company (Gorman-Rupp) designs manufactures and sells pumps and pump systems. The Company sells its products for use in water wastewater construction dewatering industrial petroleum original equipment agriculture fire protection heating ventilating and air conditioning (HVAC) military and other liquid-handling applications. The Company’s product line consists of pump models ranging in rated capacity from less than one gallon per minute to one million gallons per minute. The types of pumps produced by the Company include self-priming centrifugal standard centrifugal magnetic drive centrifugal axial and mixed flow vertical turbine line shaft submersible high pressure booster rotary gear diaphragm bellows and oscillating. The production operations of the Company are conducted at several locations throughout the United States and other countries.

Gorman-Rupp Co

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