The Gorman-Rupp Company (NYSE: GRC) has announced its financial results for the second quarter ending June 30, 2025. The company reported record net sales of $179.0 million, marking an increase of 5.6% or $9.5 million compared to the same period in 2024. The net income for the quarter was $15.8 million, or $0.60 per share, compared to $8.3 million, or $0.32 per share, for the second quarter of 2024. Adjusted EBITDA remained relatively stable at $35.3 million compared to $35.4 million in the previous year. For the first half of 2025, Gorman-Rupp's net sales reached $343.0 million, a 4.3% increase over the $328.8 million reported in the same period of 2024. The company achieved a net income of $27.9 million, or $1.06 per share, up from $16.2 million, or $0.62 per share, in the first six months of 2024. The adjusted EBITDA for this period was $65.0 million, representing a 2.2% increase from $63.6 million in 2024. Scott A. King, President and CEO, highlighted the record sales and incoming orders for the quarter, attributing the growth to increased demand in the municipal market driven by infrastructure spending and data center construction. The company reported a $30 million reduction in total debt during the first half of 2025, reflecting strong cash flow and improved interest expenses. With a positive outlook on incoming orders and current backlog levels, Gorman-Rupp is well-positioned for the second half of the year.
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