MANSFIELD — No formal education, twice unemployed, Herb Rupp had a knack for overcoming life’s obstacles. Harbert Edmund “Herb” Rupp was born on Aug. 1, 1891, in Cottonwood County, Minnesota, the son of Henry D. Rupp. Although Herb never got past the sixth grade, he was incredibly intelligent, inquisitive, and hard-driving. Herb and his wife […]
Gorman-Rupp
Posted inBusiness
Gorman-Rupp shares profits with employees for 90th straight year
MANSFIELD – The Gorman-Rupp Company distributed profit sharing checks totaling more than $4.3 million to approximately 540 employees of its Mansfield and Gorman-Rupp Industries (Bellville, Ohio) Divisions, the company reported on Friday. This was the 90th consecutive year that the company’s employees have shared in the Company’s profits, a program started by co-founders J.C. Gorman […]
Posted inBusiness
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 […]
Posted inEducation
Manufacturing camp exposes students to local employers
MANSFIELD — Michaii Williams is a shy kid with a quiet voice. But ask him to demonstrate a science project and a new kind of confidence emerges. “It might take a couple minutes,” said Williams, 11, as he picked up a piece from his motors and generators-themed STEM kit. Two yellow gears were encased in a […]
Posted inBusiness
Gorman-Rupp completes debt refinancing
MANSFIELD — The Gorman-Rupp Company (NYSE: GRC) (the “Company”), a leading designer, manufacturer, and international marketer of pumps and pump systems based in Mansfield, has announced the completion of a series of transactions to refinance its debt. These transactions are expected to reduce interest expense, and will extend and stagger the Company’s debt maturities. “Since […]
Posted inBusiness
Gorman-Rupp declares quarterly cash dividend
MANSFIELD — The Gorman-Rupp Company has declared a quarterly cash dividend of $0.18 per share for the common stock of the company. The dividend will be paid to shareholders of record May 15, 2024, marking the 297th consecutive quarterly dividend paid by The Gorman-Rupp Company. The Gorman-Rupp Company is a leading designer, manufacturer, and international […]
Posted inSolutions
Tomorrow’s Talent: A special reporting project by Richland & Ashland Source
MANSFIELD — Do you know any parents of teenagers who are wringing their hands over the cost of college? Perhaps they’re asking themselves, “Is a post-secondary education really worth it?” Or, “Is it possible to get a college degree without the burden of lifelong debt?” Maybe you know a business owner or manager who has lamented […]