Gorman-Rupp (AMEX: GRC) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Gorman-Rupp beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share expanded significantly. GAAP earnings per share expanded significantly.

Margins increased across the board.

Revenue details
 Gorman-Rupp tallied revenue of $106.4 million. The four analysts polled by S&P Capital IQ looked for revenue of $94.4 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $92.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.48. The three earnings estimates compiled by S&P Capital IQ forecast $0.33 per share. Non-GAAP EPS of $0.48 for Q2 were 33% higher than the prior-year quarter's $0.36 per share. GAAP EPS of $0.43 for Q2 were 19% higher than the prior-year quarter's $0.36 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 24.9%, 30 basis points better than the prior-year quarter. Operating margin was 12.7%, 30 basis points better than the prior-year quarter. Net margin was 8.6%, 40 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $97.4 million. On the bottom line, the average EPS estimate is $0.35.

Next year's average estimate for revenue is $380.7 million. The average EPS estimate is $1.35.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 291 members out of 304 rating the stock outperform, and 13 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Gorman-Rupp a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gorman-Rupp is outperform, with an average price target of $30.67.

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