Gorman-Rupp Co. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported that net sales for the second quarter of 2018 were $111.8 million compared to $97.9 million for the second quarter of 2017, an increase of 14.3% or $14.0 million, due primarily to increased sales volume in most its markets. Operating income was $15.0 million compared to operating income of $13.2 million for the same period in 2017. Net income was $10.2 million for the second quarter of 2018 compared to $7.8 million in the second quarter of 2017, and earnings per share were $0.39 and $0.30 for the respective periods. Income before income taxes was $12,586,000 against $11,807,000 a year ago.

For the six months, the company reported that net sales were $208.4 million compared to $190.5 million for the first six months of 2017, an increase of 9.4% or $18.0 million. Operating income was $26.8 million compared to operating income of $21.8 million for the same period in 2017. Net income was $19.8 million for the first six months of 2018 compared to $12.9 million in the first six months of 2017, and earnings per share were $0.76 and $0.49 for the respective periods. Income before income taxes was $25,242,000 against $19,127,000 a year ago. Capital expenditures for the first six months of 2018 were $5.5 million and consisted primarily of machinery and equipment.

For the full-year 2018, the company's current estimate of effective tax rate is between 23% and 25%. Capital expenditures for the full-year 2018 are presently planned to be in the range of $10-$15 million.