All Things Business

Gorman-Rupp Reports First Quarter Financial Results

23 Apr , 2021  

Special to 1812Blockhouse

The  Gorman-Rupp Company has reported financial results for the first quarter ended March 31, 2021.

First Quarter 2021 Highlights

  • First quarter earnings per share were $0.28 compared to $0.21 per share for the first quarter of 2020
    • First quarter of 2020 included a non-cash pension settlement charge of $0.04 per share
  • Net sales decreased 2.9% or $2.7 million compared to the first quarter of 2020 and increased 7.9% or $6.5 million compared to the fourth quarter of 2020
  • Incoming orders increased 1.3% compared to the first quarter of 2020 and increased 9.5% compared to the fourth quarter of 2020
  • Backlog improved to $125.5 million compared to $113.1 million at December 31, 2020

More…

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All Things Business

Gorman-Rupp Reports Quarterly, Yearly Financial Results

6 Feb , 2021  

Special to 1812Blockhouse

Mansfield’s Gorman-Rupp Company has reported financial results for the fourth quarter and year ended December 31, 2020.

Fourth Quarter 2020 Highlights

  • Fourth quarter earnings per share were $0.26 compared to $0.32 per share for the fourth quarter of 2019
  • Fourth quarter of 2020 included a non-cash pension settlement charge of $0.01 per share
  • Fourth quarter of 2019 included a favorable LIFO impact of $0.04 per share
  • Net sales decreased 11.9% or $11.2 million compared to the fourth quarter of 2019
  • Fourth quarter ending backlog increased 7.8% compared to the same period in 2019 and increased 11.0% compared to the third quarter of 2020
  • Net sales for the fourth quarter of 2020 were $82.5 million compared to net sales of $93.7 million for the fourth quarter of 2019, a decrease of 11.9% or $11.2 million.
  • Domestic sales decreased 7.4% or $4.7 million and international sales decreased 21.3% or $6.5 million compared to the same period in 2019.

More…

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All Things Business

Gorman-Rupp Holding Virtual Annual Meeting

10 Apr , 2020  

It’s not only the governmental sector that is experiencing changes in how business is conducted.

Later this month, a local company will take to the internet to hold its annual meeting of shareholders.

In a Thursday press release, the Gorman-Rupp Company announced a change in format for its Annual Meeting of shareholders. More…

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All Things Business

Gorman-Rupp Introduces New Hydraulic Piston Pump

11 Mar , 2020  

The SludgeKat, Gorman-Rupp‘s new self-priming, positive displacement, hydraulic piston pump, is designed to handle the applications involving heavy sludges and slurries where other pumps fail. More…

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All Things Business

Gorman-Rupp Reports On First Quarter Financial Results

26 Apr , 2019  

The Gorman-Rupp Company (NYSE:GRC) has reported financial results for the first quarter ended March 31, 2019.

First Quarter 2019 Highlights

  • First quarter earnings per share were $0.28 compared to $0.37 per share for the first quarter of 2018
  • Net sales increased 0.3% or $0.3 million compared to the first quarter of 2018
  • Incoming orders increased 9.8% compared to the fourth quarter of 2018

More…

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All Things Business

Gorman To Step Down As Gorman-Rupp Director After 73 Years

26 Jan , 2019  

A remarkable tenure is set to end in April as James C. Gorman, Chairman of the Board of Directors of the Gorman-Rupp Company, has announced that he will not be standing for reelection to the Board for the coming year.

The announcement was made as Gorman-Rupp announced a quarterly cash divided as well as the date for its Annual Meeting of Shareholders. More…

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All Things Business

Gorman-Rupp Announces Third Quarter Financial Results, Special Cash Dividend

26 Nov , 2018  

The Gorman-Rupp Company has announced its financial results for the third quarter and for the nine months ending September 30. Third quarter financial highlights include: More…

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All Things Business

Gorman-Rupp Reports Third Quarter Financial Results

27 Oct , 2018  

The Mansfield-based Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter and nine months ended September 30, 2018. More…

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Schools

Gorman-Rupp Renews Program To Assist Sherman Elementary Students

21 Sep , 2018  

Gorman-Rupp is continuing a long-standing tradition of support for Mansfield City Schools by renewing a program to benefit students at Sherman Elementary School.

The Mansfield company, one of the world’s largest pump manufacturers, has budgeted $5,000 to provide tutoring, student-of-the-month lunches, positive behavior rewards and other support during the current school year. But it’s not just money; it’s employees who volunteer to help kids. More…

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All Things Business

Gorman-Rupp Reports Financial Results; Declares Dividend

28 Jul , 2018  

The Gorman-Rupp Company has reported financial results for the second quarter and six months ended June 30, 2018.

Second quarter highlights included the following: More…

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All Things Business

Gorman-Rupp Announces First Quarter Financials; Declares Divided

28 Apr , 2018  

The Gorman-Rupp Company has reported financial results for the first quarter ended March 31, 2018.

Highlights of that report included: More…

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All Things Business

Gorman Rupp Declares Dividend, Sets Annual Meeting Date

27 Jan , 2018  

The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.125 per share on the common stock of the Company, payable March 9, 2018, to shareholders of record February 15, 2018. This will mark the 272nd consecutive quarterly dividend paid by The Gorman-Rupp Company. More…

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All Things Business

Gorman-Rupp Company Announces Third Quarter Results

28 Oct , 2017  

On Friday, the Gorman-Rupp Company (NYSE: GRC) reported financial results for the third quarter and nine months ended September 30.

Third Quarter 2017 Highlights: More…

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All Things Business

Gorman-Rupp Reports First Quarter 2017 Results

28 Apr , 2017  

On Thursday, the Gorman-Rupp Company reported financial results for the first quarter ended March 31, 2017.

Net sales during the first quarter were $92.6 million compared to $100.3 million during the first quarter of 2016, a decrease of 7.6% or $7.7 million. More…