Brief: Gorman-Rupp Reports Fourth Quarter And Full-Year 2019 Financial Results

The Gorman-Rupp

07/02/2020 14:11

Feb 7 (Reuters) - Gorman-Rupp Co  GRC.N :
    * GORMAN-RUPP REPORTS FOURTH QUARTER AND FULL-YEAR 2019
FINANCIAL
RESULTS
    * Q4 EARNINGS PER SHARE $0.32
    * Q4 SALES FELL 9 PERCENT TO $93.7 MILLION
    * CAPITAL EXPENDITURES FOR 2020 ARE PLANNED TO BE IN RANGE
OF
$15-$18 MILLION
    * FOR 2020, CO BELIEVES BOTH DOMESTIC SPENDING FOR
INDUSTRIAL
PRODUCTS AND INTERNATIONAL MARKETS WILL REMAIN SOMEWHAT
CHALLENGING
    * COMPANY'S BACKLOG OF ORDERS WAS $105.0 MILLION AT DECEMBER
31,
2019 COMPARED TO $113.7 MILLION AT DECEMBER 31, 2018
    * QTRLY INCOMING ORDERS INCREASED 2.7% COMPARED TO THE Q4 OF
2018
    * "ANTICIPATE PUMP SALES FOR MUNICIPAL AND FLOOD CONTROL
APPLICATIONS SHOULD BE MORE POSITIVE"

Source text for Eikon:  ID:nBw71djjJa 
Further company coverage:  GRC.N 

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