September 2022 Presentation
Q2 2022 P&L
■Completed acquisition of Fill-Rite
■ Adjusted EPS was $0.27 per share compared $0.32 for Q2 2021
Results included an unfavorable LIFO impact of $0.13 and $0.02 per in 2022 and 2021, respectively
Sales increased 28.0% or $26.1 million, a 13.4% increase excluding Fill-Rite
GR
GORMAN-RUPP
COMPANY
The Pump People
■ Gross margin included $1.6 million of inventory step up and acquired customer backlog amortization
2022 gross margin also included an increase in the unfavorable impact of LIFO of $3.6 million
Operating income also included $6.9 million in acquisition costs
Incoming orders increased 44.5% compared to Q2 2021, 33.7% excluding Fill-Rite
($ in millions)
Q2 2022
Q2 2021
Dollars
% of Net Sales
Dollars
% of Net Sales
Net Sales
Gross Profit
SG&A
Amortization
$119.1
$93.0
28.2
23.7%
24.7
26.5%
24.1
20.3%
13.9
14.9%
1.2
1.0%
0.2
0.2%
Operating Income
2.9
2.4%
10.6
11.4%
Interest Expense
2.3
2.0%
Adjusted Net Income¹
7.0
5.9%
8.5
9.1%
Adjusted EPS¹
$0.27
$0.32
Adjusted EBITDA¹
$15.4
12.9%
$13.6
14.6%
(1) See appendix for non-GAAP reconciliations.
SEPTEMBER 2022 PRESENTATION
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