Company profile

Ticker
GRC
Exchange
CEO
Jeffrey S. Gorman
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
ColfaxFlowserveITTIDEXXylemGracoAmpco Pittsburgh ...
SEC CIK
IRS number
340253990

GRC stock data

(
)

Calendar

30 Jul 19
23 Oct 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 108.33M 96.86M 103.01M 102.89M
Net income 10.48M 7.22M 9.49M 10.7M
Net profit margin 9.67% 7.46% 9.21% 10.40%
Operating income 13.2M 8.95M 10.68M 13.12M
Net change in cash 11.99M 3.72M -54.92M 17.66M
Cash on hand 62.17M 50.18M 46.46M 101.38M
Cost of revenue 80.14M 73.55M 76.49M 75.57M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 414.33M 379.39M 382.07M 406.15M
Net income 39.98M 26.56M 24.88M 25.11M
Net profit margin 9.65% 7.00% 6.51% 6.18%
Operating income 50.64M 41.64M 36.43M 36.39M
Net change in cash -33.22M 22.08M 33.88M -767K
Cash on hand 46.46M 79.68M 57.6M 23.72M
Cost of revenue 304.41M 278.18M 289.54M 313.57M

Financial data from Gorman Rupp earnings reports

Financial report summary

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Management Discussion
  • Net sales for the second quarter of 2019 were $108.3 million compared to record net sales of $111.8 million for the second quarter of 2018, a decrease of 3.1% or $3.5 million. Domestic sales increased 4.6% or $3.3 million while international sales decreased 16.8% or $6.8 million compared to the same period in 2018.
  • Sales in our water markets decreased 4.8% or $3.8 million in the second quarter of 2019 compared to the second quarter of 2018. Sales in the fire protection market decreased $2.7 million driven primarily by softness in international markets. Sales in the municipal market decreased $0.9 million, and sales in the agriculture market decreased $0.5 million. These decreases were partially offset by increased sales in the construction market of $0.3 million.
  • Sales in ournon-water markets increased 1.0% or $0.3 million during the second quarter of 2019 compared to the second quarter of 2018. Sales in the petroleum market increased $1.5 million driven primarily bymid-stream oil and gas customers, and sales in the OEM market increased $1.0 million primarily related to power generation equipment and services. These increases were partially offset by decreased sales in the industrial market of $2.2 million due primarily to softness in the upstream oil and gas market.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: challenging, flat, fleet, flood, mitigate, order, power, prepaid, pressure, put, recur, reduction, registered, softened, stabilized, top, trade, uncertainty, upstream
Removed: exceeded, GILTI, March, relating, repair, state