Brief: Gorman-Rupp Reports Fourth Quarter And Full-Year 2018 Results

The Gorman-Rupp

08/02/2019 12:10

Feb 8 (Reuters) - Gorman-Rupp Co  GRC.N :
    * GORMAN-RUPP REPORTS FOURTH QUARTER FINANCIAL RESULTS AND
RECORD
FULL-YEAR 2018 EARNINGS
    * Q4 EARNINGS PER SHARE $0.36
    * Q4 SALES ROSE 8.5 PERCENT TO $103 MILLION
    * SEES 2019 CAPITAL EXPENDITURES IN RANGE OF $15-$20 MILLION
    * BACKLOG OF ORDERS WAS $113.7 MILLION AT DECEMBER 31, 2018
AND
ESSENTIALLY UNCHANGED COMPARED TO $114.0 MILLION AT DECEMBER 31,
2017
    * GORMAN-RUPP - "WE HAVE IMPLEMENTED PRICING ACTIONS THAT WE
EXPECT TO OFFSET MARGIN PRESSURE FROM MATERIAL COST INFLATION
AND TARIFFS"
    * "WE WILL CLOSELY MONITOR MATERIAL COSTS AND PRICING GOING
FORWARD"
    * Q4 OF 2018 INCLUDED A SPECIAL CASH BONUS PAID TO ALL
EMPLOYEES
IN CONNECTION WITH U.S. TAX CUTS AND JOBS ACT OF $0.04 PER SHARE
    * Q4 OF 2018 ALSO INCLUDED AN UNFAVORABLE LIFO IMPACT OF
$0.03 PER
SHARE
    * Q4 EARNINGS PER SHARE VIEW $0.39 -- REFINITIV IBES DATA
    * Q4 REVENUE VIEW $100.5 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw1fwLnla 
Further company coverage:  GRC.N 

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