- Gorman-Rupp press release ( NYSE: GRC ): Q4 Non-GAAP EPS of $0.11 misses by $0.07 .
- Revenue of $146M (+55.1% Y/Y) beats by $0.85M .
- "The integration of Fill-Rite has gone well and we are expanding their footprint to support further growth. As we begin our 90 th year, our outlook remains positive. We enter 2023 with record backlog and believe the majority of our markets will continue to show growth, particularly those related to infrastructure. We expect our 2023 gross margin to benefit as the pricing actions we have taken throughout 2022 are fully realized and the impact of LIFO returns to more normal levels. In addition to pursuing earnings growth, we continue to focus on cash flow by improving on our working capital through inventory management without diminishing customer service."
For further details see:
Gorman-Rupp Non-GAAP EPS of $0.11 misses by $0.07, revenue of $146M beats by $0.85M