Gorman-Rupp Crushes Q1, Backlog Surges

Gorman-Rupp reports robust first quarter results for CY2026, with revenue up 7.7% to $176.6M, beating estimates by 3.5%. Earnings per share hit $0.68, surpassing expectations by nearly 30%. Adjusted EBITDA reached $35.53M, topping forecasts by 17.6%. Operating margins improved to 15.6% from 13.2% last year. CEO King attributes success to pricing power, broad demand, and operational efficiency. Despite recent slowdown, the company sees a turnaround with strong cash flow and debt reduction. Analysts predict 5.3% revenue growth, positioning Gorman-Rupp for steady gains in the pump market. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0e0db138e920d1fb