Gorman-Rupp (GRC) Reports Q2 EPS of $0.22

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Go back to Gorman-Rupp (GRC) Reports Q2 EPS of $0.22

Gorman-Rupp Reports Second Quarter 2020 Financial Results

July 24, 2020 6:30 AM EDT

MANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE: GRC) reports financial results for the second quarter and six months ended June 30, 2020.

Second Quarter 2020 Highlights

Second quarter earnings per share were $0.22 compared to $0.40 per share for the second quarter of 2019
- Second quarter of 2020 included a non-cash pension settlement charge of $0.06 per share
- Second quarter of 2020 earnings per share improved over first quarter of 2020 due to cost containment efforts Net sales decreased 20.8% or $22.5 million compared to the second quarter of 2019 and decreased 6.4%... More