Brief: Gorman-Rupp Q3 Earnings Per Share $0.37

The Gorman-Rupp

25/10/2019 14:11

Gorman-Rupp Co  GRC.N :
    * GORMAN-RUPP REPORTS THIRD QUARTER FINANCIAL RESULTS
    * Q3 EARNINGS PER SHARE $0.37
    * Q3 SALES FELL 3.5 PERCENT TO $99.3 MILLION
    * CAPITAL EXPENDITURES FOR FULL-YEAR 2019 ARE PRESENTLY
PLANNED TO
BE IN RANGE OF $15-$17 MILLION
    * "GLOBAL ECONOMIC CONDITIONS CONTINUE TO BE A CHALLENGE FOR
SEVERAL OF OUR INTERNATIONAL MARKETS"
    * GORMAN-RUPP - INCOMING ORDERS COMPARED TO LAST QUARTER
SEEM TO
HAVE STABILIZED, HOWEVER DO NOT ANTICIPATE ANY MAJOR IMPROVEMENT
FOR BALANCE OF THIS YEAR
    * BACKLOG OF ORDERS WAS $101.4 MILLION AT SEPTEMBER 30, 2019
COMPARED TO $122.4 MILLION AT SEPTEMBER 30, 2018

Source text for Eikon:  ID:nBw7khHTka 
Further company coverage:  GRC.N