Gorman-Rupp Reports Q4 EPS of $0.57 vs. $.36

The Gorman-Rupp Company GRC reports net sales and earnings for the fourth quarter and twelve months ended December 31, 2010. Net sales during the fourth quarter ended December 31, 2010 increased 36.1% to a record $84,689,000 compared to $62,203,000 during the same period in 2009. Net income increased 159.6% to a record $9,655,000 compared to $3,719,000 in 2009's fourth quarter. Earnings per share were $0.57 and $0.22 for the respective periods.