The Gorman-Rupp Company achieved record results in the third quarter of 2026, with net sales increasing 11.8% to $193.3 million and net income doubling to $22.7 million. Growth was broad-based across all market segments, supported by volume increases and price adjustments implemented earlier in the year. The company demonstrated significant operational efficiency, with record adjusted EBITDA reaching 21.6% of sales.
Key Highlights
- Gross margin expanded 420 basis points to 33.4%, driven by a 190 basis point improvement in labor and overhead leverage and the non-recurrence of prior-year facility optimization costs.
- Total debt was reduced by $58.0 million during the first nine months of 2026, contributing to a decline in quarterly interest expense to $4.3 million from $5.8 million a year ago.
- Incoming orders for the first nine months rose 2.2% to $562.2 million, supporting a healthy backlog of $236.8 million as of September 30, 2026.
- Agriculture and construction market sales grew by $4.7 million and $3.5 million respectively, benefiting from improvement across Fill-Rite sales channels and rental equipment demand.