The Gorman-Rupp Company reported record net sales of $179.0 million for the second quarter of 2025, marking a 5.6% increase compared to $169.5 million in the second quarter of 2024. Sales growth was observed across the majority of its markets, with notable increases in the municipal, fire suppression, industrial, petroleum, and repair sectors. The municipal market benefited from increased infrastructure investment.
Net income for the quarter surged by 90.4% to $15.8 million, or $0.60 per share, compared to $8.3 million, or $0.32 per share, in the same period last year. This substantial increase in earnings per share was significantly aided by a reduction in interest expense to $6.0 million from $9.0 million, following the debt refinancing completed on May 31, 2024.
Operating income for the second quarter reached $26.9 million, with an operating margin of 15.0%. The company also reported record incoming orders for the quarter, totaling $365.7 million, an increase of 7.1% compared to the same period in 2024. Net cash provided by operating activities increased to $48.9 million for the first six months of 2025, and total debt decreased by $30.0 million during the first half of the year.
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