Gorman-Rupp Q1 revenue rises, net income hits record on pricing actions

The Gorman-Rupp

23/04/2026 11:39

Overview

U.S. pump maker's Q1 revenue rose 7.7% yr/yr, driven by volume and pricing increases

Q1 EPS rose to $0.68, with net income reaching a record $17.8 mln

Company reduced debt and order backlog increased to $247.9 mln

Outlook

Company expects full-year 2026 effective tax rate between 22.0% and 23.0%

Gorman-Rupp plans 2026 capital expenditures of $22.0-$24.0 mln

Company says order backlog and incoming orders position it well for remainder of 2026

Result Drivers

BROAD-BASED SALES GROWTH - Higher sales volumes and pricing actions drove revenue increases across most markets, including construction, agriculture, industrial, municipal, and OEM

MARGIN EXPANSION - Gross and operating margins improved due to better labor and overhead leverage from higher sales and favorable product mix

LOWER INTEREST EXPENSE - Interest expense fell due to a decrease in outstanding debt

Company press release: ID:nBwlh3FDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$176.60 mln
$170.61 mln (2 Analysts)
Q1 EPS
$0.68
Q1 Net Income
$17.80 mln
Q1 Adjusted EBITDA
Beat
$35.50 mln
$30.20 mln (1 Analyst)
Q1 Gross Margin
32.50%
Q1 Gross Profit
$57.40 mln
Q1 Operating Income
$27.50 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

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 $67.50, about 1.9% above its April 22 closing price of $66.21

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)