Gorman-Rupp Reports Fourth Quarter and Full-Year 2023 Financial Results

MANSFIELD, Ohio--(BUSINESS WIRE)-- #EARNINGS--The Gorman-Rupp Company (NYSE: GRC) reports financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Highlights Net sales of $160.6 million increased 10.0%, or $14.6 million, compared to the fourth quarter of 2022 Fourth quarter net income was $9.0 million, or $0.34 per share, compared to net income of $2.4 million, or $0.09 per share, for the fourth quarter of 2022 Adjusted earnings per share1 for the fourth quarter of 202