Gorman-Rupp jumps as quarterly profit tops estimates

By Reuters News11:06 (UTC), 23 October 2026 Updated

** Shares of water-pump maker Gorman-Rupp GRC.N rise nearly 6% to $74.22 premarket

** Co Q3 revenue beats analysts' avg est, per LSEG-compiled data

** Revenue up nearly 12% y/y, with sales growth across all markets, led by agriculture and fire suppression

** Q3 adj EPS of $0.86 beats est of $0.70; compares with $0.52 a year ago

** Q3 adj EBITDA up about 30% y/y

** Gross margin rises to 33.4% from 29.2%; operating margin at 17.5% vs 12.4% a year ago

** Co's backlog at $236.8 mln at end-Sept vs $234.2 mln a year earlier

** Total debt down $58 mln in first nine months of 2026

** As of last close, stock up about 47% YTD

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