Gorman-Rupp beat earnings on margin expansion and data center tailwinds, though revenue came in light; the pump maker grew gross margin 130 basis points and cut debt $33 million in the first half.
Gorman Rupp :
GRC
GRC
Stock Data
$81.50
$1.29 (1.56%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
SPECIALTY INDUSTRIAL MACHINERY
Gorman-Rupp Company specializes in creating and distributing a wide range of pumps and pump systems worldwide. With a product lineup that includes various types of pumps such as self-priming centrifugal, submersible, and rotary gear pumps, they cater to numerous industries like water management, construction, and agriculture. Founded in 1933 and based in Mansfield, Ohio, Gorman-Rupp stands out for its extensive distribution network, including direct sales and e-commerce, ensuring their pumping solutions are accessible for diverse applications from fire suppression to HVAC systems.
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