Brief: Gorman-Rupp Reports Q1 Earnings Per Share Of $0.28

The Gorman-Rupp

25/04/2019 12:11

April 25 (Reuters) - Gorman-Rupp Co  GRC.N :
    * GORMAN-RUPP REPORTS FIRST QUARTER FINANCIAL RESULTS
    * Q1 EARNINGS PER SHARE $0.28
    * Q1 SALES ROSE 0.3 PERCENT TO $96.9 MILLION
    * QTRLY INCOMING ORDERS INCREASED 9.8% COMPARED TO Q4 OF
2018
    * MATERIAL COST INFLATION NEGATIVELY AFFECTED OUR RESULTS AS
SHIPMENTS DURING Q1
    * DO EXPECT IMPROVEMENT IN OUR MARGINS GOING FORWARD AS OUR
RECENT
PRICE INCREASES ARE REALIZED
    * WE WILL CONTINUE TO CLOSELY MONITOR MATERIAL COSTS AND
PRICING
    * BACKLOG OF ORDERS WAS $120.8 MILLION AT MARCH 31, 2019
COMPARED
TO $127.3 MILLION AT MARCH 31, 2018

Source text for Eikon:  ID:nBw63skfCa 
Further company coverage:  GRC.N 

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