Gorman-Rupp (GRC) Reports Q3 EPS of $0.41

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Go back to Gorman-Rupp (GRC) Reports Q3 EPS of $0.41

Gorman-Rupp Reports Third Quarter 2018 Financial Results

October 26, 2018 6:45 AM EDT

MANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter and nine months ended September 30, 2018.

Third Quarter 2018 Highlights

Third quarter earnings per share were $0.41 compared to $0.22 per share for the third quarter of 2017 Third quarter of 2018 included an unfavorable LIFO impact of $0.04 per share Third quarter of 2017 included non-cash impairment charges of $0.10 per share Lower effective income tax rate in the third quarter of 2018 due primarily to the U.S. Tax Cuts and... More