Gorman-Rupp Beats on Both Top and Bottom Lines
Gorman-Rupp (ASE: GRC) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Gorman-Rupp beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share grew significantly.
Margins expanded across the board.
Gorman-Rupp chalked up revenue of $102.8 million. The three analysts polled by S&P Capital IQ predicted revenue of $91.6 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $84.1 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 $0.49. The four earnings estimates compiled by S&P Capital IQ forecast $0.37 per share. GAAP EPS of $0.49 for Q1 were 44% higher than the prior-year quarter's $0.34 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 25.9%, 50 basis points better than the prior-year quarter. Operating margin was 14.8%, 210 basis points better than the prior-year quarter. Net margin was 10.0%, 150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $99.5 million. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $388.7 million. The average EPS estimate is $1.69.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 296 members out of 308 rating the stock outperform, and 12 members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Gorman-Rupp a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gorman-Rupp is buy, with an average price target of $38.67.
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At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.
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