The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems worldwide. The company's products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps. Its products are used in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, military, and other liquid-handling applications, as well as in heating, ventilating, and air conditioning applications. The company markets its products through a network of distributors, manufacturers' representatives, third-party distributor catalogs, direct sales, and commerce. The Gorman-Rupp Company was founded in 1933 and is headquartered in Mansfield, Ohio.
IPO Year: 1971
Exchange: NYSE
Website: gormanrupp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/25/2023 | Buy | Sidoti | |
| 9/13/2023 | $40.00 | Buy | Northcoast |
| 2/7/2022 | $46.00 | Neutral → Buy | Sidoti |
| 11/16/2021 | $46.00 | Buy → Neutral | Sidoti |
The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.185 per share on the common stock of the Company, payable June 10, 2025, to shareholders of record May 15, 2025. This will mark the 301st consecutive quarterly dividend paid by The Gorman-Rupp Company. About The Gorman-Rupp Company Founded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire suppression, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applic
The Gorman-Rupp Company (NYSE:GRC) reports financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Net sales of $163.9 million increased 2.9%, or $4.7 million, compared to the first quarter of 2024 First quarter net income was $12.1 million, or $0.46 per share, compared to net income of $7.9 million, or $0.30 per share, for the first quarter of 2024 Adjusted EBITDA1 of $29.7 million for the first quarter of 2025 increased $1.5 million, or 5.3%, from $28.2 million for the first quarter of 2024 Total debt decreased $14.6 million during the quarter Net sales for the first quarter of 2025 were $163.9 million compared to net sales of $159.3 million
The Gorman-Rupp Company (NYSE:GRC) reports financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter 2024 Highlights Net sales of $162.7 million increased 1.3%, or $2.1 million, compared to the fourth quarter of 2023 Fourth quarter net income was $11.0 million, or $0.42 per share, compared to net income of $9.0 million, or $0.34 per share, for the fourth quarter of 2023 Interest expense decreased due to debt refinancing in the second quarter of 2024 and reduced debt levels Incoming orders for the fourth quarter of 2024 increased 15.8%, compared to the fourth quarter of 2023 Net sales for the fourth quarter of 2024 were $162.7 million compared
The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.185 per share on the common shares of the Company, payable March 10, 2025, to shareholders of record February 14, 2025. This action will mark the 300th consecutive quarterly dividend paid by The Gorman-Rupp Company. Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 24, 2025, and the related establishment of the close of business on February 24, 2025 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual fo
The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.185 per share on the common shares of the Company, payable December 10, 2024, to shareholders of record November 15, 2024. The cash dividend will represent a 2.8% increase over the $0.18 dividend per share paid in the previous quarter. This action will mark the 299th consecutive quarterly dividend paid by The Gorman-Rupp Company and the 52nd consecutive year of increased dividends to its shareholders, which positions Gorman-Rupp in the top 50 of all U.S. public companies with respect to number of years of increased dividend payments. About The Gorman-Rupp Company Founded in 1933, The
The Gorman-Rupp Company (NYSE:GRC) reports financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net sales of $168.2 million increased 0.4%, or $0.7 million, compared to the third quarter of 2023 Third quarter net income was $12.9 million, or $0.49 per share, compared to net income of $9.0 million, or $0.34 per share, for the third quarter of 2023 Gross margin improved 260 basis points Interest expense decreased $2.7 million or 25.9% primarily due to debt refinanced in the second quarter of 2024 Adjusted EBITDA1 of $32.0 million for the third quarter of 2024 increased $1.5 million, or 5.1%, from $30.5 million for the same period in 2023
The Gorman-Rupp Company (NYSE:GRC) reports financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net sales of $169.5 million decreased 0.9%, or $1.5 million, compared to the second quarter of 2023 Second quarter net income was $8.3 million, or $0.32 per share, compared to a net income of $10.5 million, or $0.40 per share, for the second quarter of 2023 Adjusted earnings per share1 for the second quarters of 2024 and 2023 were $0.54 and $0.41, respectively Incoming orders of $162.5 million were up $8.4 million, or 5.5%, compared to the second quarter of 2023 Refinanced debt expected to reduce interest expense by over $7.0 million annu
The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.18 per share on the common stock of the Company, payable September 10, 2024, to shareholders of record August 15, 2024. This will mark the 298th consecutive quarterly dividend paid by The Gorman-Rupp Company. About The Gorman-Rupp Company Founded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire suppression, heating, ventilating and air conditioning (HVAC), military and other liquid-handli
The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.18 per share on the common stock of the Company, payable June 10, 2024, to shareholders of record May 15, 2024. This will mark the 297th consecutive quarterly dividend paid by The Gorman-Rupp Company. About The Gorman-Rupp Company Founded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire suppression, heating, ventilating and air conditioning (HVAC), military and other liquid-handling appli
The Gorman-Rupp Company (NYSE:GRC) reports financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Net sales of $159.3 million decreased 0.7%, or $1.2 million, compared to the first quarter of 2023 Record incoming orders of $178.9 million increased 7.1%, or $11.9 million, compared to the first quarter of 2023 and increased 27.0%, or $38.1 million, compared to the fourth quarter of 2023 First quarter net income was $7.9 million, or $0.30 per share, compared to net income of $6.5 million, or $0.25 per share, for the first quarter of 2023 Adjusted earnings per share1 for the first quarters of 2024 and 2023 were $0.30 and $0.27, respectively
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The Gorman-Rupp Company (NYSE:GRC) announced that at the Annual Meeting of the Shareholders of The Gorman-Rupp Company held April 24, 2025, Pamela A. Heminger was elected to the Board of Directors. Ms. Heminger, age 57, is a senior vice president of Caterpillar Inc. (NYSE:CAT), a NYSE publicly traded leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. As a member of Caterpillar's Operating Council, Ms. Heminger has responsibility for the Strategic Procurement & Planning Division, where she leads a team responsible for designing, developing and connecting world-class capabilities to c
The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.185 per share on the common stock of the Company, payable June 10, 2025, to shareholders of record May 15, 2025. This will mark the 301st consecutive quarterly dividend paid by The Gorman-Rupp Company. About The Gorman-Rupp Company Founded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire suppression, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applic
The Gorman-Rupp Company (NYSE:GRC) reports financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Net sales of $163.9 million increased 2.9%, or $4.7 million, compared to the first quarter of 2024 First quarter net income was $12.1 million, or $0.46 per share, compared to net income of $7.9 million, or $0.30 per share, for the first quarter of 2024 Adjusted EBITDA1 of $29.7 million for the first quarter of 2025 increased $1.5 million, or 5.3%, from $28.2 million for the first quarter of 2024 Total debt decreased $14.6 million during the quarter Net sales for the first quarter of 2025 were $163.9 million compared to net sales of $159.3 million
GREENWICH, Conn., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector's
The Gorman-Rupp Company (NYSE:GRC) reports financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter 2024 Highlights Net sales of $162.7 million increased 1.3%, or $2.1 million, compared to the fourth quarter of 2023 Fourth quarter net income was $11.0 million, or $0.42 per share, compared to net income of $9.0 million, or $0.34 per share, for the fourth quarter of 2023 Interest expense decreased due to debt refinancing in the second quarter of 2024 and reduced debt levels Incoming orders for the fourth quarter of 2024 increased 15.8%, compared to the fourth quarter of 2023 Net sales for the fourth quarter of 2024 were $162.7 million compared
GREENWICH, Conn., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector's sig
GREENWICH, Conn., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector
The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.185 per share on the common shares of the Company, payable March 10, 2025, to shareholders of record February 14, 2025. This action will mark the 300th consecutive quarterly dividend paid by The Gorman-Rupp Company. Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 24, 2025, and the related establishment of the close of business on February 24, 2025 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual fo
The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.185 per share on the common shares of the Company, payable December 10, 2024, to shareholders of record November 15, 2024. The cash dividend will represent a 2.8% increase over the $0.18 dividend per share paid in the previous quarter. This action will mark the 299th consecutive quarterly dividend paid by The Gorman-Rupp Company and the 52nd consecutive year of increased dividends to its shareholders, which positions Gorman-Rupp in the top 50 of all U.S. public companies with respect to number of years of increased dividend payments. About The Gorman-Rupp Company Founded in 1933, The
The Gorman-Rupp Company (NYSE:GRC) reports financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net sales of $168.2 million increased 0.4%, or $0.7 million, compared to the third quarter of 2023 Third quarter net income was $12.9 million, or $0.49 per share, compared to net income of $9.0 million, or $0.34 per share, for the third quarter of 2023 Gross margin improved 260 basis points Interest expense decreased $2.7 million or 25.9% primarily due to debt refinanced in the second quarter of 2024 Adjusted EBITDA1 of $32.0 million for the third quarter of 2024 increased $1.5 million, or 5.1%, from $30.5 million for the same period in 2023
Sidoti resumed coverage of Gorman-Rupp with a rating of Buy
Northcoast initiated coverage of Gorman-Rupp with a rating of Buy and set a new price target of $40.00
Sidoti upgraded Gorman-Rupp from Neutral to Buy and set a new price target of $46.00
Sidoti downgraded Gorman-Rupp from Buy to Neutral and set a new price target of $46.00