Latest news with #pumps
Yahoo
30-07-2025
- Business
- Yahoo
Gorman-Rupp's (GRC) Long Dividend History Makes it a Worthy Buy in August
The Gorman-Rupp Company (NYSE:GRC) is included among the 10 Best Dividend Stocks to Buy in August. A close up of a pump system, its gears spinning as it powers up a water management system. The Gorman-Rupp Company (NYSE:GRC) is an American company that focuses on the design, production, and sale of a broad selection of pumps and related equipment used across multiple industries and applications. The Gorman-Rupp Company (NYSE:GRC) recently reported its earnings for the second quarter of 2025, with revenues coming in at $179 million, up 5.62% from the same period last year. The revenue also beat analysts' estimates by $4.45 million. The company posted record net income of $15.8 million for the second quarter, equal to $0.60 per share, up from $8.3 million or $0.32 per share in the same period of 2024. It also reported a 15.7% year-over-year increase in new orders, totaling a record $188.0 million—an increase of $25.5 million from the prior year. The Gorman-Rupp Company (NYSE:GRC) also demonstrated a strong cash position. Its operating cash flow for the first six months came in at $48.9 million, up from $33.4 million during the same period last year. The growth in operating cash flow during the first half of 2025 was mainly driven by higher net income and a boost in accrued expenses. The Gorman-Rupp Company (NYSE:GRC) currently offers a quarterly dividend of $0.185 per share and has a dividend yield of 1.78%, as of July 28. The company has been rewarding shareholders with growing dividends for the past 52 years. While we acknowledge the potential of GRC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
25-07-2025
- Business
- Yahoo
Why Gorman-Rupp (GRC) Stock Is Up Today
What Happened? Shares of gorman-Rupp (NYSE:GRC) manufactures and sells pumps globally. jumped 7.6% in the afternoon session after the company reported record second-quarter financial results that surpassed analyst expectations, driven by strong sales linked to infrastructure spending. The industrial pump manufacturer posted earnings of $0.60 per share on a record $179 million in revenue, surpassing analyst expectations. This performance marked a significant improvement compared to the $0.32 per share reported in the same quarter last year. The revenue growth was primarily fueled by a $3.5 million increase in sales to the municipal market, which the company attributed to infrastructure investment. The fire suppression, industrial, and petroleum markets also contributed to the gains. In a further sign of strength, Gorman-Rupp announced record incoming orders of $188 million, up 15.7% from the prior year, which suggested a positive outlook for the second half of the year. Is now the time to buy Gorman-Rupp? Access our full analysis report here, it's free. What Is The Market Telling Us Gorman-Rupp's shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 4 months ago when the stock dropped 5.1% after stocks gave back some of the gains from the previous day as the White House clarified the tariffs on imports from China would add up to 145%, while the baseline 10% tariffs remained in place for all countries. This reminded markets that the global trade environment remained volatile, limiting the potential for sustained gains. Also, President Trump said he was willing to accept pain in the short term, and was aware his policies could cause a recession, but he remained more mindful of a more severe case of economic depression (higher unemployment and prolonged downturn). For investors, this suggested that the administration could prioritize long-term structural shifts over near-term economic stability, further increasing policy-driven risk in the markets. Gorman-Rupp is up 11.2% since the beginning of the year, and at $41.46 per share, it is trading close to its 52-week high of $43.09 from November 2024. Investors who bought $1,000 worth of Gorman-Rupp's shares 5 years ago would now be looking at an investment worth $1,295. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
09-06-2025
- Business
- Associated Press
HONEYWELL COMPLETES ACQUISITION OF SUNDYNE TO EXPAND PROCESS INDUSTRY CAPABILITIES
CHARLOTTE, N.C., June 9, 2025 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the completion of its acquisition of Sundyne from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction. The acquisition of Sundyne—a leader in the design, manufacturing, and aftermarket support of highly-engineered pumps and gas compressors for process industries—is expected to be immediately accretive to Honeywell's sales growth and segment margins as well as to adjusted EPS in the first full year of ownership. Sundyne's deep customer relationships, best-in-class products and technology will unlock strategic growth potential for Honeywell UOP's value chains in refining and petrochemicals, liquefied natural gas (LNG) and clean and renewable fuels. Unified under the Honeywell Forge platform, the combined solution provides a scalable, full-spectrum approach that positions Honeywell as a leader in the energy transition. 'Merging Sundyne's differentiated products with Honeywell's leading technology and R&D capabilities positions our business for significant growth,' said Ken West, President and CEO of Honeywell's Energy and Sustainability Solutions (ESS) segment. 'By enhancing our end-to-end process technology and critical equipment offerings, this acquisition allows us to provide improved solutions for our customers.' The completion of this acquisition follows Honeywell's announcement of the planned spin-offs of its Aerospace Technologies and Solstice Advanced Materials businesses, which will result in three publicly listed industry leaders with distinct strategies and growth drivers. Since December 2023, Honeywell has announced a number of strategic actions to drive organic growth and simplify its portfolio, including $13.5 billion of accretive acquisitions. In addition to Sundyne, these acquisitions include: the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business from Air Products and Johnson Matthey's Catalyst Technologies Business. Honeywell also completed the sale of its Personal Protective Equipment business to Protective Industrial Products last month. About Honeywell Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future and include statements related to the proposed spin-off of the Company's Advanced Materials business into a stand-alone, publicly traded company and the proposed separation of Automation and Aerospace. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. View original content to download multimedia: SOURCE Honeywell
Trade Arabia
09-06-2025
- Business
- Trade Arabia
Armstrong Fluid Technology launches key new function in platform
Armstrong Fluid Technology, a leading manufacturer of intelligent flow equipment, including pumps, valves, heat exchangers and control solutions, has introduced a powerful new capability within its ADEPT selection platform: the Integrated Designer. Tailored to meet the demands of fast-paced and sustainability-driven markets like the Middle East, the Integrated Designer simplifies the process of selecting and sizing pumps, accessories and more — all from a single interface. Designed to save time, and improve accuracy and energy efficiency, the tool enables the seamless creation of comprehensive equipment schedules and system layouts with pre-configured solutions, the company said. Using the supplied values for system flow and pressure, as well as flow redundancy and flow turn-down, the Integrated Designer recommends the optimum pump size plus the number of pumps and suggests alternative combinations. 'With the Middle East's growing emphasis on smart building technologies and green infrastructure, this tool is a game-changer for mechanical engineers and system designers,' said Zeljko Terzic, Global Offering Manager for Pumps, Armstrong Fluid Technology. 'Users can get optimized selections in just a few clicks and avoid the extra work of manual calculations. The Integrated Designer gives professionals the ability to deliver better designs, faster and with more confidence.' he added. Key features of the Integrated Designer tool include: • Integrated selection and system design in one workflow • Real-time system performance estimates • One-click export of equipment schedules and submittal packages
CTV News
16-05-2025
- Automotive
- CTV News
CTV National News: An unpleasant surprise at the pumps ahead of the long weekend
Watch Gas prices are on the rise in Canada, with drivers receiving an unpleasant surprise at the pumps ahead of a busy long weekend. Paul Hollingsworth has more.
