Gorman-Rupp has reported record net sales of $305,562,000 for the year ending December 31, 2007, compared to $270,910,000 in 2006, a 12.8-percent increase. Net income increased 19.9 percent in 2007 and was a record $22,859,000 compared to $19,072,000 in 2006. Record earnings per share were $1.37 for 2007 compared to $1.14 in 2006, after adjusting for a 5-for-4 split effective December 10, 2007.
Net sales in the fourth quarter 2007 increased 18.0 percent to a record $76,825,000 compared to $65,085,000 in the fourth quarter 2006. Fourth quarter 2007 net income was $5,754,000, more than double the $2,423,000 during the fourth quarter of 2006. Record 2007 fourth quarter earnings per share were $0.35 compared to $0.14 in 2006, an increase of $0.21 per share.
