Brief: Gorman-Rupp Co Reports Q3 Earnings Per Share $0.41

The Gorman-Rupp

26/10/2018 11:56

Oct 26 (Reuters) - Gorman-Rupp Co  GRC.N :
    * GORMAN-RUPP REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS
    * Q3 EARNINGS PER SHARE $0.41
    * Q3 SALES ROSE 9.5 PERCENT TO $102.9 MILLION
    * Q3 OF 2018 INCLUDED AN UNFAVORABLE LIFO IMPACT OF $0.04
PER
SHARE
    * QTRLY 160 BASIS POINTS DECREASE IN GROSS MARGIN WAS
LARGELY
DRIVEN BY AN UNFAVORABLE LIFO IMPACT OF 140 BASIS POINTS
    * BACKLOG OF ORDERS WAS $122.4 MILLION AT SEPTEMBER 30, 2018
COMPARED TO $111.4 MILLION AT SEPTEMBER 30, 2017
    * REMAINING 20 BPS FALL IN GROSS MARGIN WAS DUE PRIMARILY TO
INCREASE IN MATERIAL COSTS DUE TO INFLATIONARY PRESSURES AND
TARIFFS

Source text for Eikon:  ID:nBw4DJZ4ja 
Further company coverage:  GRC.N 

 ((Reuters.Briefs@thomsonreuters.com;))