Wrapping up Q2 earnings, we look at the numbers and key takeaways for the gas and liquid handling stocks, including Gorman-Rupp (NYSE:GRC) and its peers.
Gas and liquid handling companies possess the technical know-how and specialized equipment to handle valuable (and sometimes dangerous) substances. Lately, water conservation and carbon capture–which requires hydrogen and other gasses as well as specialized infrastructure–have been trending up, creating new demand for products such as filters, pumps, and valves. On the other hand, gas and liquid handling companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings.
The 12 gas and liquid handling stocks we track reported a strong Q2. As a group, revenues beat analysts' consensus estimates by 2% while next quarter's revenue guidance was 0.8% below.
While some gas and liquid handling stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4.6% since the latest earnings results.
Powering fluid dynamics since 1934, Gorman-Rupp (NYSE:GRC) has evolved from its Ohio origins into a global manufacturer and seller of pumps and pump systems.
Gorman-Rupp reported revenues of $186.1 million, up 3.9% year on year. This print fell short of analysts' expectations by 1.5%, but it was still a satisfactory quarter for the company with a solid beat of analysts' EBITDA estimates.
Scott A. King, President and CEO, commented, "Our strong start to the year continued into the second quarter. We are pleased with our record second quarter results, which included record net sales and earnings per share. Sales growth was broad-based across many of our markets, led by increased demand in construction and agriculture, as well as increased demand related to data centers across multiple end markets. Our margins remained strong in the second quarter and our earnings performance through the first half of 2026 helped generate solid operating cash flows. The strong cash flows allowed us to reduce total debt by $33.0 million during the first six months of 2026 while continuing to invest in the business. Incoming orders and backlog remained healthy, positioning us well for the second half of the year."
Even though it had a relatively good quarter, the market seems discontent with the results. The stock is down 6% since reporting and currently trades at $74.84.
Is now the time to buy Gorman-Rupp? Access our full analysis of the earnings results here, it's free.
With roots dating back to 1912 as the Piston Ring Company, SPX Technologies (NYSE:SPXC) supplies specialized infrastructure equipment for HVAC systems and detection and measurement applications across industrial, commercial, and utility markets.
SPX Technologies reported revenues of $679 million, up 22.9% year on year, outperforming analysts' expectations by 5.8%. The business had a stunning quarter with an impressive beat of analysts' organic revenue estimates and a solid beat of analysts' EBITDA estimates.
SPX Technologies pulled off the highest full-year guidance raise of the whole group. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 3.2% since reporting. It currently trades at $192.88.
Is now the time to buy SPX Technologies? Access our full analysis of the earnings results here, it's free.
Founded in 1926, Graco (NYSE:GGG) is an industrial company specializing in the development and manufacturing of fluid-handling systems and products.
Graco reported revenues of $590.6 million, up 3.3% year on year, falling short of analysts' expectations by 3%. It was a slower quarter, leaving some shareholders looking for more.
Graco delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 3.5% since the results and currently trades at $76.48.
Read our full analysis of Graco's results here.
Manufacturing the largest pump ever built for nuclear power generation, Flowserve (NYSE:FLS) manufactures and sells flow control equipment for various industries.
Flowserve reported revenues of $1.17 billion, down 1.6% year on year. This number surpassed analysts' expectations by 0.9%. Zooming out, it was a mixed quarter as it also recorded full-year EPS guidance beating analysts' expectations but revenue guidance for next quarter missing analysts' expectations significantly.
Flowserve had the weakest guidance update and slowest revenue growth among its peers. The stock is up 7.2% since reporting and currently trades at $74.96.
Read our full, actionable report on Flowserve here, it's free.
Founded in 1917, Parker Hannifin (NYSE:PH) is a manufacturer of motion and control systems for a wide variety of mobile, industrial and aerospace markets.
Parker-Hannifin reported revenues of $5.76 billion, up 9.8% year on year. This result topped analysts' expectations by 3.3%. Overall, it was an exceptional quarter as it also produced an impressive beat of analysts' organic revenue estimates and full-year EPS guidance beating analysts' expectations.
The stock is down 4.8% since reporting and currently trades at $949.
Read our full, actionable report on Parker-Hannifin here, it's free.
Over the past year, investors have been forced to repeatedly answer the same question: what is the market's biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market's primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market's dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
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