07:03 AM EDT, 10/25/2024 (MT Newswires) -- Gorman-Rupp ( GRC ) reported Q3 adjusted earnings Friday of $0.49 per share, up from $0.34 a year earlier.

A single analyst polled by Capital IQ expected $0.55.

Net sales for the quarter ended Sept. 30 was $168.2 million, up from $167.5 million a year earlier.

Two analysts surveyed by Capital IQ expected $172.5 million.

The company's board increased the quarterly cash dividend by 2.8% to $0.185 per share. The dividend is payable Dec. 10 to shareholders of record on Nov. 15.

Price: 37.00, Change: -1.08, Percent Change: -2.84