Gorman-Rupp Reports Third Quarter 2026 Financial Results
Business Wire•23/10/2026•06:30 ET
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Key Highlights
- ➤Q3 net sales $193.3 million, up 11.8% year over year
- ➤Q3 net income $22.7 million, or $0.86 per share, doubled
- ➤Q3 adjusted EBITDA $41.8 million, up 29.4% year over year
- ➤Nine-month net income $60.0 million, or $2.27 per share
- ➤Total debt decreased $58.0 million through the first nine months
- ➤Backlog $236.8 million at September 30, 2026, versus $234.2 million
Expert Statements
Scott A. King, President and CEO of The Gorman-Rupp Company
“We are very pleased with our third-quarter results, which included record net sales, gross margin, and earnings per share.”
Scott A. King, President and CEO of The Gorman-Rupp Company
“This marks the third consecutive quarter with record earnings per share and the second consecutive quarter with record sales.”
Scott A. King, President and CEO of The Gorman-Rupp Company
“Our sales growth was broad-based with all of our markets showing growth over the same quarter last year.”
Scott A. King, President and CEO of The Gorman-Rupp Company
“Our margins remained strong as increased volumes drove leverage on labor, overhead and SG&A expenses.”
Scott A. King, President and CEO of The Gorman-Rupp Company
“These operating improvements, together with lower interest expense, contributed to record earnings and strong cash generation.”
Scott A. King, President and CEO of The Gorman-Rupp Company
“Solid operating cash flow allowed us to reduce total debt by $58.0 million during the first nine months of the year while also continuing to invest in the business.”
Scott A. King, President and CEO of The Gorman-Rupp Company
“Incoming orders and backlog remain healthy, and our diverse markets and strong financial position provide a solid foundation as we enter the fourth quarter.”
The Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter ended September 30, 2026.
* Record net sales of $193.3 million increased 11.8%, or $20.4 million, compared to the third quarter of 2025
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