MarketPR
Record net sales of $186.1 million headline Gorman-Rupp's (NYSE: GRC) second-quarter 2026 results, released July 24, with net income reaching $19.4 million against $15.8 million a year earlier and earnings per share at $0.74 versus $0.60.
The next confirmable milestone: whether backlog, which sat at $239.7 million at June 30, 2026, holds above the $224.4 million posted at the same date last year as incoming orders continue to grow.
The numbers Adjusted EBITDA came in at $38.2 million, or 20.5% of sales, up $2.9 million and 8.3% against the second quarter of 2025.
Gross margin expanded 130 basis points to 32.6%, with 80 of those basis points coming from price increase realization and favorable product mix, and 50 basis points from a reduction in LIFO costs.
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