The Gorman-Rupp pany(GRC) - 2025 Q4 - Annual Results

Financial Performance - Net sales for Q4 2025 were $166.6 million, an increase of 2.4% or $3.9 million compared to Q4 2024[2] - Gross profit for Q4 2025 was $52.3 million, resulting in a gross margin of 31.4%, up from 30.2% in Q4 2024[3] - Operating income for Q4 2025 was $24.8 million, with an operating margin of 14.9%, compared to 13.0% in Q4 2024[5] - Net income for Q4 2025 was $13.7 million, or $0.52 per share, compared to $11.0 million, or $0.42 per share in Q4 2024[7] - Full year 2025 net sales were $682.4 million, a 3.4% increase or $22.7 million compared to 2024[9] - Full year 2025 net income was $53.0 million, or $2.02 per share, compared to $40.1 million, or $1.53 per share in 2024[16] - Earnings per share for Q4 2025 was $0.52, compared to $0.42 in Q4 2024, representing a 23.8% increase[34] - Non-GAAP adjusted earnings per share for the year was $2.14, compared to $1.75 in 2024, reflecting a 22.3% increase[34] Orders and Backlog - Incoming orders for 2025 were $728.4 million, an increase of 10.5% or $69.2 million compared to 2024[18] - The company's backlog of orders was $244.0 million at December 31, 2025, compared to $206.0 million at December 31, 2024[17] Cash Flow and Debt - Net cash provided by operating activities for 2025 was $106.2 million, up from $69.8 million in 2024[19] - Total debt decreased by $60.0 million during 2025[18] - Net cash provided by operating activities for the year was $106,228 thousand, significantly higher than $69,830 thousand in 2024[31] Assets and Liabilities - Cash and cash equivalents increased to $35,083 thousand at the end of 2025, up from $24,213 thousand at the end of 2024[30] - Total assets as of December 31, 2025, were $860,055 thousand, slightly up from $858,469 thousand in 2024[30] - Total liabilities decreased to $445,332 thousand in 2025 from $484,669 thousand in 2024, indicating improved financial health[30] Yearly Performance Comparison - Gross profit for the year ended December 31, 2025, was $209,147 thousand, compared to $204,328 thousand in 2024, reflecting a slight increase[28] - Operating income for the year increased to $95,363 thousand, up from $91,443 thousand in 2024, marking a 4.4% growth[28] - Net income for the year ended December 31, 2025, was $53,017 thousand, a 32.2% increase from $40,115 thousand in 2024[28]