Gorman-Rupp Reports First Quarter 2026 Financial Results
Gorman-Rupp delivered strong Q1 results with net sales rising 7.7% to $176.6 million and record net income of $17.8 million, or $0.68 per share, up 47% from the prior year. Margin expansion was a key highlight, with gross margin improving 180 basis points to 32.5% and operating margin increasing 210 basis points to 15.6%. Incoming orders grew 5.5% to $187.5 million, driving backlog to $247.9 million, positioning the company well for the remainder of the year.
Key figures
- Eps
- 0.68
- Revenue
- $176.6 million
- Revenue Yoy
- 7.7%
- Backlog
- $247.9 million
- Net income
- $17.8 million
- Gross margin
- 32.5%
- Adjusted ebitda
- $35.5 million
- Incoming orders
- $187.5 million
- Decrease in debt
- $15.0 million
- Operating income
- $27.5 million
- Operating margin
- 15.6%
- Operating cash flow
- $22.0 million
AI analysis
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