Gorman-rupp Company Intrinsic Stock Value – GORMAN-RUPP COMPANY Reports Q2 FY2023 Earnings Results on July 28, 2023
August 29, 2023
🌥️Earnings Overview
On July 28, 2023, the GORMAN-RUPP COMPANY ($NYSE:GRC) released its earnings results for the second quarter of fiscal year 2023, ending on June 30, 2023. Total revenue accumulated to USD 171.0 million, representing a 43.6% leap from the same period of the year before. Simultaneously, net income shot up from a negative USD 1.0 million in the prior year to USD 10.5 million.
Share Price
The stock opened at $28.4 and surged to close at $30.8, a 10.1% increase from the previous closing price of 27.9. This marked an impressive gain for the company, signaling a strong performance in the quarter. The company’s strong performance was attributed to its focus on cost efficiency and improved customer service. GORMAN-RUPP COMPANY has invested in cutting costs while simultaneously enhancing its customer service offerings. Such efforts have paid off, as evidenced by the impressive gain in the stock price. The company also reported gains in revenue and profits for the quarter, indicating further success in their business endeavors.
GORMAN-RUPP COMPANY has been able to capitalize on current trends in the market and capitalize on opportunities as they arise. This has enabled the company to outperform its peers, as evidenced by the surge in the stock price. Overall, GORMAN-RUPP COMPANY maintained an impressive performance in the second quarter of FY2023, which is reflected in the stock market reaction. Investors responded to the positive news with confidence, driving the stock price up by 10.1% from the previous day’s closing price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gorman-rupp Company. More…
| Total Revenues | Net Income | Net Margin |
| 631.28 | 21.64 | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gorman-rupp Company. More…
| Operations | Investing | Financing |
| 44.85 | -24.04 | -25.33 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gorman-rupp Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 903.65 | 562.29 | 12.71 |
Key Ratios Snapshot
Some of the financial key ratios for Gorman-rupp Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.4% | 21.9% | 10.3% |
| FCF Margin | ROE | ROA |
| 3.5% | 12.2% | 4.5% |
Analysis – Gorman-rupp Company Intrinsic Stock Value
At GoodWhale, we analyze GORMAN-RUPP COMPANY fundamentals through our proprietary data analytics tools. Our Valuation Line helps us determine the fair value of GORMAN-RUPP COMPANY, which currently stands at $48.6. This means that, currently, GORMAN-RUPP COMPANY stock is trading at a 36.6% discount from its fair value. This could present a great opportunity for investors to add GORMAN-RUPP COMPANY stocks to their portfolio at a discounted price. More…
Peers
Its products are used in a variety of industries, including water and wastewater treatment, agriculture, construction, and mining. The company has a strong competitive position in the market, with a wide range of products and a global customer base. Its main competitors are Kirloskar Pneumatic Co Ltd, Elgi Equipments Ltd, and SPX Corp.
– Kirloskar Pneumatic Co Ltd ($BSE:505283)
Kirloskar Pneumatic Co Ltd is an Indian multinational company that manufactures air compressors, industrial gases, and other engineering products. The company has a market capitalization of 36.17 billion as of 2022 and a return on equity of 12.1%. Kirloskar Pneumatic Co Ltd has a strong presence in the Indian market and is a leading player in the air compressor and industrial gases industry. The company has a diversified product portfolio and a wide range of customer base. Kirloskar Pneumatic Co Ltd is a well-established company with a strong brand identity. The company has a good financial position and a strong growth potential.
– Elgi Equipments Ltd ($BSE:522074)
Elgi Equipments Ltd is an Indian company that manufactures and sells air compressors, vacuum pumps, and other related products. The company has a market cap of 159.82B as of 2022 and a Return on Equity of 19.48%. Elgi Equipments Ltd is a publicly traded company listed on the Bombay Stock Exchange.
– SPX Corp ($NYSE:SPXC)
SPX Corporation is a global industrial conglomerate with businesses in the HVAC, detection and measurement, and engineered solutions markets. Headquartered in Charlotte, North Carolina, SPX Corporation had 2017 revenue of $2.9 billion and employs approximately 10,000 people in more than 15 countries.
Summary
GORMAN-RUPP COMPANY reported strong financial results for the second quarter of 2023, with total revenue increasing 43.6% year-over-year. Net income rose significantly from negative USD 1.0 million in the prior year to USD 10.5 million. The company’s stock price responded positively to the news, indicating that investors are confident in GORMAN-RUPP’s financial performance. This could be an opportunity for investors to take advantage of the upward trend in the company’s stock.
With increasing revenue and improving profitability, GORMAN-RUPP looks like a good long-term investment option. Investors should pay close attention to the company’s financial performance and corporate developments going forward.
Related Posts
Recent Posts
