Corrected: Gorman-Rupp Q2 revenue beats on construction, agriculture demand

The Gorman-Rupp

24/07/2026 11:41

Corrects typographical error in headline, and metric in second bullet of Overview to "EPS" from "Adjusted EPS"

    

    Overview
  
U.S. pump maker's Q2 revenue rose 3.9% year-over-year to record levels
EPS for Q2 increased to $0.74 from $0.60 a year ago
Growth driven by higher demand in construction, agriculture, and data center markets

    

    Outlook
  
Company plans 2026 capital expenditures of $22 mln to $24 mln
Company says incoming orders and backlog remain healthy for second half of 2026

    

    Result Drivers
  
VOLUME AND PRICE INCREASES - Q2 sales growth was driven by higher volumes and price increases taken in Q1 2026
MARKET DEMAND - Higher demand in construction (mining, rental equipment), agriculture, and data center-related OEM and industrial markets supported sales
GROSS MARGIN IMPROVEMENT - Gross margin rose due to price realization, favorable product mix, and lower LIFO costs

    
Company press release: ID:nBw5qJzjFa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Miss
$186.10 mln
$189 mln (2 Analysts)
Q2 EPS
 
$0.74
 
Q2 Net Income
 
$19.40 mln
 
Q2 Adjusted EBITDA
Beat
$38.20 mln
$35.50 mln (1 Analyst)
Q2 Gross Margin
 
32.60%
 
Q2 Gross Profit
 
$60.60 mln
 
Q2 Operating Income
 
$30.40 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Gorman- Rupp Co is $75.00, about 5.8% below its July 23 closing price of $79.62
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 24 three months ago

    

    Reuters Recommended Reads
  
July 21 - Mueller Industries Q2 sales rise on higher volumes and prices
July 22 - Teledyne lifts annual profit forecast, tops quarterly results estimates
July 22 - United Rentals raises annual sales forecast on strong equipment rentals demand

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)