MANSFIELD — The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.19 per share on the common shares of the Company, payable March 10, 2026, to shareholders of record February 13, 2026. This action will mark the 304th consecutive quarterly dividend paid by The Gorman-Rupp Company. Other action […]
From Gorman-Rupp Company, Special to Richland Source
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Gorman-Rupp reports 3rd quarter 2024 financial results
MANSFIELD — The Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter ended Sept. 30, 2024. Scott A. King, President and CEO said, “We continued to achieve gross margin and earnings improvement despite a nominal increase in sales compared to last year. “In addition to the improvement in gross margin, interest expense in […]
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Gorman-Rupp Co. declares cash dividend
MANSFIELD — 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 Sept. 10, 2024, to shareholders of record Aug. 15, 2024. This will mark the 298th consecutive quarterly dividend paid by The Gorman-Rupp Company. “Incoming orders have […]
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Gorman-Rupp shares profits with employees for 89th straight year
MANSFIELD – The Gorman-Rupp Company distributed profit sharing checks totaling more than $4 million to approximately 520 employees of its Mansfield and Gorman-Rupp Industries (Bellville, Ohio) Divisions, the company announced in a Dec. 15 press release. This was the 89th consecutive year that Company employees have shared in the Company’s profits, a program started by […]
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Gorman-Rupp announces increase in quarterly cash dividend
MANSFIELD — 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 shares of the Company, payable Dec. 8 to shareholders of record Nov. 15, 2023. The cash dividend will represent a 2.9% increase over the $0.175 dividend per share paid in […]
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Gorman-Rupp reports strong 2nd quarter showing in financial report
MANSFIELD — The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.175 per share on the common stock of the Company, payable September 8, 2023, to shareholders of record Aug. 15, 2023. This will mark the 294th consecutive quarterly dividend paid by The Gorman-Rupp Company. “Our strong organic […]
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Gorman-Rupp announces agreement to acquire Fill-Rite for $525 million
MANSFIELD — The Gorman-Rupp Company (NYSE: GRC) announced Wednesday morning it has entered into a definitive agreement to acquire the assets of Fill-Rite and Sotera (“Fill-Rite”), a division of the Tuthill Corporation, for $525 million, according to a press release. When adjusted for approximately $80 million in expected tax benefits, the net transaction value is approximately […]
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Gorman-Rupp reports 4th quarter and full-year 2021 financial results
MANSFIELD — The Gorman-Rupp Company (NYSE: GRC), of Mansfield, is entering 2022 with a healthy backlog and is well-positioned to continue to deliver top-line growth, according to Scott King, President and Chief Executive Officer. King’s statement was part of the company’s report on financial results for the fourth quarter and the year ending on Dec. 31, […]
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Gorman-Rupp announces promotion of King to CEO; 3rd-quarter results
MANSFIELD — The Gorman-Rupp Company (NYSE: GRC) has announced its promotion of Scott King to CEO of the company, while reporting financial results for the third quarter and nine months ended Sept. 30, 2021. CEO Transition Effective Jan. 1, 2022, the role of Chief Executive Officer will transition from Jeffrey S. Gorman to Scott A. […]
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Gorman-Rupp reports 4th quarter & full-year 2020 financial results
MANSFIELD — The Gorman-Rupp Company (NYSE: GRC) has reported the following financial results for the fourth quarter and year ending on Dec. 31, 2020. “Despite the unprecedented global challenges of COVID-19, we ended 2020 in strong financial condition and well positioned for the future,” said Jeffrey S. Gorman, Chairman and CEO of Gorman-Rupp. “While the […]