Headquartered in Mansfield, OH Fiscal year ends December NYSE: GRC gormanrupp.com
The Gorman-Rupp Company, founded in 1933, designs, manufactures, and internationally markets pumps and pump systems used across a wide range of liquid-handling applications. Its end markets include water and wastewater, construction, dewatering, industrial, petroleum, agriculture, fire suppression, HVAC, military, and original equipment manufacturing. The company's product portfolio includes the Fill-Rite brand, which serves agriculture, construction, and industrial channels. Gorman-Rupp trades on the NYSE under ticker GRC and operates with significant goodwill and intangible assets from prior acquisitions, with ongoing debt reduction as a capital allocation priority. Updated
Gorman-Rupp's third straight record quarter is still building: gross margin expanded 420 basis points to 33.4% as volume grew across every end market. Net income doubled from a year ago, and debt paid down over nine months keeps cutting interest expense. Backlog carries the momentum into the fourth quarter.
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The Gorman-Rupp Company, founded in 1933, designs, manufactures, and internationally markets pumps and pump systems used across a wide range of liquid-handling applications.
The Wall Street consensus 12-month price target for GRC is $84.33.
