STOCK TITAN
  1. Home
  2. News
  3. GRC

The Gorman-Rupp Company Common Shares - GRC STOCK NEWS

Welcome to our dedicated news page for The Gorman-Rupp Company Common Shares (Ticker: GRC), a resource for investors and traders seeking the latest updates and insights on The Gorman-Rupp Company Common Shares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Gorman-Rupp Company Common Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Gorman-Rupp Company Common Shares's position in the market.

News
Gorman-Rupp Company Declares Cash Dividend
Rhea-AI Summary
The Gorman-Rupp Company (NYSE: GRC) declares a quarterly cash dividend of $0.18 per share, payable on June 10, 2024, to shareholders of record on May 15, 2024, marking the 297th consecutive quarterly dividend paid by the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.14%
Tags
dividends
-
News
Gorman-Rupp Reports First Quarter 2024 Financial Results
Rhea-AI Summary
The Gorman-Rupp Company (NYSE: GRC) reported its first quarter 2024 financial results, highlighting a slight decrease in net sales, record incoming orders, and an increase in gross margin. Despite a decrease in international sales, the company saw growth in domestic sales across various markets. Operating income and net income also showed positive trends compared to the same period in 2023. The company's backlog of orders increased, driven by strong performance in the municipal market. Capital expenditures for 2024 are projected to be between $18 - $20 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.74%
Tags
earnings
-
News
Gorman-Rupp Reports Fourth Quarter and Full-Year 2023 Financial Results
Rhea-AI Summary
The Gorman-Rupp Company (NYSE: GRC) reported a strong financial performance for the fourth quarter and full year of 2023. Net sales for the fourth quarter of 2023 increased by 10.0% to $160.6 million, with net income of $9.0 million. Adjusted earnings per share for the fourth quarter were $0.34, compared to $0.11 in 2022. For the full year of 2023, net sales increased by 26.6% to $659.5 million, with net income of $35.0 million. Adjusted earnings per share for 2023 were $1.37, compared to $0.94 in 2022. The company also saw a significant improvement in Adjusted EBITDA to a record $121.7 million. The CEO highlighted the company's 90th anniversary, double-digit organic sales growth, and improvement in leverage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.6%
Tags
earnings
News
Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting
Rhea-AI Summary
The Gorman-Rupp Company (GRC) has declared a quarterly cash dividend of $0.18 per share on the common shares of the Company, payable March 8, 2024, to shareholders of record February 15, 2024. This marks the 296th consecutive quarterly dividend paid by the company. The Board of Directors also announced the Annual Meeting of Shareholders scheduled for April 25, 2024, with a record date for shareholders entitled to notice of and to vote at the meeting set as February 26, 2024. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
Tags
dividends
-
News
Gorman-Rupp Announces Increase in Quarterly Cash Dividend
Rhea-AI Summary
The Gorman-Rupp Company declares a quarterly cash dividend of $0.18 per share, representing a 2.9% increase over the previous quarter. This marks the 295th consecutive quarterly dividend and the 51st consecutive year of increased dividends.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.76%
Tags
dividends
-
News
Gorman-Rupp Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
The Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter ended September 30, 2023. Net sales increased 8.9% to $167.5 million compared to the same period last year. Net income was $9.0 million, compared to $2.2 million in the third quarter of 2022. Adjusted EBITDA increased 16.0% to $30.5 million. Total debt decreased by $25.4 million during the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.76%
Tags
earnings
News
Gorman-Rupp Company Declares Cash Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.13%
Tags
dividends
-
News
Gorman-Rupp Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.13%
Tags
earnings
-
News
Gorman-Rupp Announces Charmaine R. Riggins Elected as New Director
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.27%
Tags
management
News
Gorman-Rupp Company Declares Cash Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.27%
Tags
dividends
Stock GRC logo
The Gorman-Rupp Company Common Shares

NYSE:GRC

GRC Rankings

#2528 Ranked by Market Cap
#1116 Ranked by Stock Gains
#1343 Ranked by Dividends

GRC Stock Data

851.59M
20.71M
20.95%
61.66%
0.54%
Pump and Pumping Equipment Manufacturing
Manufacturing
Link
United States of America
MANSFIELD

About GRC

gorman-rupp designs and manufactures a vast array of innovative pumps and pump systems for water, wastewater, construction, industrial, petroleum, original equipment, agriculture, fire protection, heating, hvac, medical, food, and military applications. just to name a few. with worldwide sales to a broad range of customers, you can be confident that whatever your fluid-handling needs, gorman-rupp is the name to count on.