GRC Latest Report

Performance of the Current Report

As of December 31, 2024, The Gorman-Rupp (stock code: GRC) had a total operating revenue of US$162,704,000, up 1.42% from US$160,565,000 as of December 31, 2023. This change reflects the company's stable income and growth potential in its ongoing operations.

Key Data in the Financial Report

1. The Gorman-Rupp's total operating revenue in 2024 was US$162,704,000, up 1.42% from US$160,565,000 in 2023. Although the growth rate is not high, it shows the company's continued market competitiveness in the uncertain economic environment.

2. Sales costs rose from US$109,627,000 to US$113,511,000, but gross profit remained resilient despite the increase in costs.

3. Marketing, sales, and general management expenses fell from US$29,150,000 to US$28,113,000, reflecting the company's effectiveness in controlling management expenses.

4. Pre-tax profit grew significantly from US$11,240,000 to US$13,677,800, showing the company's improved profitability in its ongoing operations.

Peer Comparison

1. Industry-wide analysis: The overall industry faces challenges such as rising raw material costs and fluctuating market demand, but The Gorman-Rupp achieved stable growth in total operating revenue through effective cost control and market positioning, demonstrating its competitiveness in the industry.

2. Peer evaluation analysis: Among peer companies, The Gorman-Rupp's year-on-year growth rate of total operating revenue is not high, but it still shows strong resistance in the unfavorable economic environment, indicating its market position and brand influence still exist.

Summary

In summary, The Gorman-Rupp's performance in the 2024 financial report showed relatively stable revenue growth, despite some external challenges. Its performance in market demand and cost control helped it maintain competitiveness. The growth in pre-tax profit also laid a good foundation for its future development.

Opportunities

1. Sales growth in the municipal and maintenance markets is significant, driven by increased infrastructure investment, and is expected to continue benefiting.

2. Ongoing infrastructure spending and strong demand for flood control and heavy rainfall management will bring growth opportunities for the company.

3. Investments in new product development and production efficiency enhancement will help strengthen its market competitiveness.

Risks

1. External economic factors such as legal regulations and exchange rate fluctuations may negatively impact sales.

2. Intensified competition in the human resources market may lead to a shortage of personnel and increased costs.

3. Uncontrollable factors such as political turmoil and public health crises may affect the company's operations and financial performance.