Gorman Rupp posted record net sales of $186.1 million and record net income of $19.4 million, or $0.74 per share, for the quarter ended June 30, 2026. Adjusted EBITDA for the quarter was $38.2 million, or 20.5% of sales. Year-to-date through June 30, 2026, net sales were $362.7 million with net income of $37.3 million, or $1.41 per share.

Financial Highlights

  • Revenue (Q2 2026): Net sales $186.1 million, up 3.9% from $179.0 million in Q2 2025.
  • Gross profit and margin (Q2 2026): Gross profit $60.6 million; gross margin 32.6% (versus 31.3% in Q2 2025).
  • Operating income (Q2 2026): $30.4 million; operating margin 16.3% (versus $26.9 million and 15.0% in Q2 2025).
  • Net income (Q2 2026): $19.4 million, or $0.74 per share (versus $15.8 million, $0.60 per share in Q2 2025).
  • Adjusted EBITDA (Q2 2026): $38.2 million, representing 20.5% of sales (versus $35.3 million and 19.7% in Q2 2025).

Business Highlights

  • Sales growth was broad-based: notable increases in construction (including mining and rental equipment) and agriculture (Fill-Rite channels), plus gains in industrial and OEM driven by data center demand.
  • Q2 revenue drivers included realization of price increases implemented in Q1 2026 and favorable product mix contributing to improved material margins.
  • Inventory and working capital: inventories declined to $87.1 million at June 30, 2026 from $96.5 million at December 31, 2025, with accounts receivable increasing in line with sales.
  • Strong operating cash flow generated $62.5 million in cash from operations for the first six months of 2026, enabling a $33.0 million reduction in total debt through June 30, 2026.
  • Order activity and backlog: incoming orders for the first six months were $370.8 million and backlog was $239.7 million at June 30, 2026, supporting positioning for the second half of the year.

Original SEC Filing:

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