Gorman-Rupp (GRC) Misses Q4 EPS by 7c
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Gorman-Rupp Reports Fourth Quarter and Full-Year 2022 Financial Results
February 3, 2023 6:30 AM ESTMANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE: GRC) reports financial results for the fourth quarter and year ended December 31, 2022.
Fourth Quarter 2022 Highlights
Net sales of $146.0 million increased 55.0% or $51.8 million compared to the fourth quarter of 2021, a 19.3% increase excluding sales from Fill-Rite which was acquired in May 2022 Fourth quarter net income was $2.4 million, or $0.09 per share, compared to net income of $6.5 million, or $0.25 per share, for the fourth quarter of 2021 Adjusted earnings per share1 for the fourth quarters of 2022 and 2021 were... More