Gorman-Rupp Beats on Both Top and Bottom Lines
Gorman-Rupp (AMEX: GRC) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Gorman-Rupp beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share expanded significantly. GAAP earnings per share expanded significantly.
Margins increased across the board.
Gorman-Rupp tallied revenue of $106.4 million. The four analysts polled by S&P Capital IQ looked for revenue of $94.4 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $92.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.48. The three earnings estimates compiled by S&P Capital IQ forecast $0.33 per share. Non-GAAP EPS of $0.48 for Q2 were 33% higher than the prior-year quarter's $0.36 per share. GAAP EPS of $0.43 for Q2 were 19% higher than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 24.9%, 30 basis points better than the prior-year quarter. Operating margin was 12.7%, 30 basis points better than the prior-year quarter. Net margin was 8.6%, 40 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $97.4 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $380.7 million. The average EPS estimate is $1.35.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 291 members out of 304 rating the stock outperform, and 13 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Gorman-Rupp a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gorman-Rupp is outperform, with an average price target of $30.67.
Looking for alternatives to Gorman-Rupp? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Gorman-Rupp to My Watchlist.
The article Gorman-Rupp Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.