The Gorman-Rupp Company reported a notable increase in financial performance for the second quarter and first half of 2025, as detailed in its latest 10-Q filing. For the three months ended June 30, 2025, net sales reached $179.0 million, a 5.6% increase from $169.5 million in the same period of 2024. The company’s net income also saw significant growth, rising to $15.8 million, or $0.60 per share, compared to $8.3 million, or $0.32 per share, in the prior year. For the first six months of 2025, net sales totaled $343.0 million, up 4.3% from $328.8 million in the first half of 2024, with net income increasing to $27.9 million from $16.2 million.
The company attributed its revenue growth to increased demand across several markets, particularly in municipal and fire suppression sectors, driven by infrastructure investments. The municipal market alone saw a sales increase of $5.4 million due to water and wastewater projects. However, sales in the agriculture and construction markets declined, reflecting broader economic conditions affecting those sectors. The gross profit for the second quarter was $56.1 million, resulting in a gross margin of 31.3%, slightly down from 31.9% in the previous year, primarily due to rising material costs.
Operationally, Gorman-Rupp reported a backlog of $224.4 million as of June 30, 2025, consistent with the previous year, indicating stable demand for its products. The company’s average number of shares outstanding increased to 26.3 million from 26.2 million year-over-year. Additionally, the company has maintained a strong liquidity position, with cash and cash equivalents totaling $27.0 million and $99.1 million available under its revolving credit facility.
Strategically, Gorman-Rupp has continued to invest in its operations, with capital expenditures of $6.0 million in the first half of 2025, primarily for machinery and equipment. The company also authorized a quarterly dividend of $0.185 per share, marking its 302nd consecutive dividend payment. Looking ahead, Gorman-Rupp expects to benefit from ongoing infrastructure spending and positive order trends, positioning itself well for the second half of the year despite potential challenges from tariffs and market conditions.
About GORMAN RUPP CO
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