Gorman-Rupp Company is a leading manufacturer of pumps and pump systems, specializing in fluid-handling solutions for a diverse range of applications
The company designs and produces a variety of products, including centrifugal and positive displacement pumps, which are utilized in industries such as water and wastewater management, OEM applications, and industrial processes. With a focus on innovation and quality, Gorman-Rupp serves customers globally, providing reliable and efficient pumping solutions that meet both standard and custom specifications. The company is committed to sustainability and enhancing operational performance through advanced engineering and manufacturing practices.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the gas and liquid handling industry, including Standex (NYSESXI) and its peers.
Looking back on gas and liquid handling stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including CECO (NASDAQCECO) and its peers.
Gorman-Rupp has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 5.5% to $37.86 per share while the index has gained 7.8%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how gas and liquid handling stocks fared in Q3, starting with Gorman-Rupp (NYSEGRC).
Gorman-Rupp (NYSEGRC) manufactures and sells pumps globally. fell short of the market’s revenue expectations in Q3 CY2024, with sales flat year on year at $168.2 million. Its GAAP profit of $0.49 per share was also 5.8% below analysts’ consensus estimates.
Investors eagerly anticipate the dividend payout from Kennametal (NYSEKMT) on February 27, 2024. With a payout of $0.20 per share and an annualized dividend yield of 3.16%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on February 12, 2024
