NYSE$GRC
The Gorman-Rupp Company · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported financial results for the third quarter of 2022.
Gorman-Rupp's third quarter net sales increased by 50.6% to $153.8 million compared to the third quarter of 2021, which includes sales from Fill-Rite. Net income was $2.2 million, or $0.09 per share, compared to net income of $8.8 million, or $0.34 per share, for the third quarter of 2021.
- Net sales increased 50.6% or $51.7 million compared to the third quarter of 2021, an 11.3% increase excluding sales from Fill-Rite
- Third quarter net income was $2.2 million, or $0.09 per share
- Adjusted EBITDA for the third quarter of 2022 increased 56.3% to $22.5 million compared to $14.4 million for the same period in 2021
- Backlog increased to $266.7 million as of September 30, 2022, increasing $2.1 million during the third quarter as incoming orders remained strong
Headline financials
Revenue & EPS history
Gorman-Rupp · Revenue · Quarterly
$154M
Revenue by segment
Gorman-Rupp · $4.1M total across 7 segments · Q2 2021
- Petroleum$2.1M—51.2%
- OEM$2M—48.8%
- Construction$1.6M—39.0%
- Fire Protection$900K—22.0%
- Agriculture$500K—12.2%
- Industrial$300K—7.3%
- Municipal-$3.3M—-80.5%
Forward guidance
Company is well positioned for both the fourth quarter and 2023 with strong backlog and continued integration and synergies from Fill-Rite.
Tailwinds
- Strong demand across the majority of markets
- Year-over-year double digit organic revenue growth
- Increase in record backlog levels
- Integration of Fill-Rite continues to go well
- Gross margin has improved from the first-half of the year
Headwinds
- Impact of inflation and other cost pressures
- Availability and costs of raw materials and labor
- Cyber security threats
- Fluctuations in foreign currency exchange rates
- Changes in tax rates and exposure to additional income tax liabilities
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-0.6%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+1.1%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+13.5%
Q2 2023
Best reaction
-14.3%
Q2 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +12.9% | -0.8% | -1.5% | |
| Q4 2025 | +10.3% | +11.3% | +2.4% | |
| Q3 2025 | -5.5% | -9.1% | -8.2% | |
| Q2 2025 | -2.7% | -3.5% | -0.9% | |
| Q1 2025 | +2.4% | +2.2% | +1.7% | |
| Q4 2024 | -2.3% | -0.4% | +1.3% | |
| Q3 2024 | -1.5% | +2.0% | +11.8% | |
| Q2 2024 | +0.5% | +1.7% | -3.2% | |
| Q1 2024 | -8.4% | -9.0% | -8.7% | |
| Q4 2023 | +2.2% | +4.2% | +10.3% | |
| Q3 2023 | -1.9% | -1.0% | +5.6% | |
| Q2 2023 | +13.5% | +15.2% | +9.4% | |
| Q1 2023 | +4.7% | +6.9% | +6.1% | |
| Q4 2022 | -5.3% | -6.9% | -7.2% | |
| Q3 2022 | +1.3% | -0.4% | +3.4% | |
| Q2 2022 | -2.3% | -5.7% | -16.4% | |
| Q1 2022 | +0.4% | -4.2% | -10.7% | |
| Q4 2021 | -4.9% | -3.2% | -2.1% | |
| Q3 2021 | +4.5% | +9.5% | +5.9% | |
| Q2 2021 | +2.0% | +1.0% | +2.5% | |
| Q1 2021 | +0.9% | +0.5% | +2.0% | |
| Q4 2020 | +4.8% | +1.4% | +8.0% | |
| Q3 2020 | -0.5% | -6.1% | +3.0% | |
| Q2 2020 | -0.5% | -2.7% | +0.4% | |
| Q1 2020 | +2.1% | +6.0% | +8.7% | |
| Q4 2019 | -7.6% | -4.9% | -12.0% | |
| Q3 2019 | +2.8% | +3.2% | +0.6% | |
| Q2 2019 | +2.6% | +4.7% | -8.1% | |
| Q1 2019 | -8.3% | -7.8% | -14.6% | |
| Q4 2018 | -2.5% | -1.1% | -1.5% | |
| Q3 2018 | +10.0% | +12.8% | +6.9% | |
| Q2 2018 | -1.0% | -0.0% | +0.9% | |
| Q1 2018 | +4.6% | +4.4% | +12.1% | |
| Q4 2017 | +1.3% | +0.8% | +12.7% | |
| Q3 2017 | -4.4% | -4.3% | -0.9% | |
| Q2 2017 | +13.4% | +9.8% | +4.0% | |
| Q1 2017 | -4.8% | -8.0% | -18.5% | |
| Q4 2016 | -2.0% | -8.0% | -1.1% | |
| Q3 2016 | +2.3% | -3.1% | +32.8% | |
| Q2 2016 | +5.6% | +5.5% | +6.5% | |
| Q1 2016 | -5.5% | — | — | |
| Q4 2015 | -0.1% | — | — | |
| Q3 2015 | +3.9% | — | — | |
| Q2 2015 | -9.8% | — | — | |
| Q1 2015 | -5.4% | — | — | |
| Q4 2014 | -6.6% | — | — | |
| Q3 2014 | -4.8% | — | — | |
| Q2 2014 | -14.3% | — | — | |
| Q1 2014 | +0.2% | — | — | |
| Q4 2013 | -0.9% | — | — | |
| Q3 2013 | +1.9% | — | — | |
| Q2 2013 | +0.4% | — | — | |
| Q1 2013 | -1.5% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | +1.7% | — | — | |
| Q2 2012 | -6.1% | — | — | |
| Q1 2012 | -3.6% | — | — | |
| Q4 2011 | -7.3% | — | — | |
| Q3 2011 | -7.9% | — | — | |
| Q2 2011 | -4.5% | — | — | |
| Q1 2011 | -4.7% | — | — | |
| Q4 2010 | -5.2% | — | — | |
| Q3 2010 | +4.8% | — | — | |
| Q2 2010 | -1.6% | — | — | |
| Q1 2010 | +3.0% | — | — |
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