GORMAN RUPP CO

Listed Company

GRCCIK 0000042682NYSELarge AcceleratedPumps & Pumping EquipmentOhioFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$53.02M

Total Assets

$860.05M

Equity

$414.72M

Shares Out

26.41M

Op. Cash Flow

$106.23M

Business

GORMAN RUPP CO designs, manufactures and globally sells pumps and pump systems for water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agricultural, fire suppression, HVAC, military and other liquid-handling applications. Its product line includes pump models from fractional to very large sizes — self-priming and standard centrifugal, magnetic drive, axial and mixed-flow, vertical turbine, submersible, high-pressure booster, rotary gear and vane, diaphragm, bellows and oscillating pumps — plus drives, integrated pumping stations and assembled systems. The company operates in one business segment: the manufacture and sale of pumps and pump systems. Its products are marketed domestically and internationally through a broad network of distributors, manufacturers’ representatives, direct sales, retailers, third-party catalogs and e-commerce, with exports to many countries worldwide.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	682	660	660	521	378
Cost of products sold	473	455	463	390	282
Gross profit	209	204	196	131	96
Selling, general and administrative expenses	101	101	97	83	56
Amortization expense	12	12	13	8	537,000
Operating income	95	91	87	40	39
Interest expense	−23	−34	−41	−19	—
Other income (expense), net	−3	−7	−2	−7	−2
Income before income taxes	69	50	44	14	37
Income taxes	16	10	9	3	7
Net income	53	40	35	11	30
Basic (per share)	2.02	1.53	1.34	0.43	1.14
Diluted (per share)	2.02	1.53	1.34	—	—
Basic (shares)	26	26	26	26	26
Diluted (shares)	26	26	26	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	35	24	31	7	125
Accounts receivable, net	88	88	90	93	59
Inventories, net	96	99	104	111	86
Prepaid and other	14	10	12	15	8
Total current assets	234	221	236	226	277
Property, plant and equipment, net	134	132	135	129	104
Other assets	22	24	25	12	6
Other intangible assets, net	212	224	237	249	6
Goodwill	258	258	258	258	27
Total assets	860	858	890	873	421
Accounts payable	26	25	24	25	18
Payroll and employee related liabilities	23	21	20	17	12
Commissions payable	7	6	10	10	8
Deferred revenue and customer deposits	8	7	13	7	9
Current portion of long-term debt	23	19	22	18	0
Accrued expenses	12	10	12	9	6
Total current liabilities	99	88	101	85	52
Pension benefits	5	7	12	9	9
Postretirement benefits	25	22	23	22	27
Long-term debt, net of current portion	284	348	383	419	0
Other long-term liabilities	32	20	23	—	—
Total liabilities	445	485	541	542	91
Common shares, without par value: Authorized - 35,000,000 shares; Outstanding - 26,312,842 shares at December 31, 2025 and 26,227,540 shares at December 31, 2024 (after deducting treasury shares of 735,954 and 821,256, respectively), at stated capital amounts	5	5	5	5	5
Additional paid-in capital	11	9	6	4	2
Retained earnings	418	385	364	347	353
Accumulated other comprehensive loss	−20	−25	−25	−24	−30
Total equity	415	374	349	331	330
Total liabilities and equity	860	858	890	873	421

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	28	28	28	21	12
LIFO expense	4	5	7	18	7
Pension expense	3	3	4	10	5
Contributions to pension plan	−3	−5	−2	−2	−2
Stock based compensation	4	4	3	3	2
Amortization of debt issuance fees	1	6	3	2	0
Deferred income tax charge (benefit)	10	−1	−414,000	−1	50,000
Gain on sale of property, plant, and equipment	−843,000	−1	0	—	—
Other	351,000	387,000	1	−128,000	−103,000
Accounts receivable, net	877,000	1	4	−14	−9
Inventories, net	1	−2	559,000	−33	−11
Accounts payable	452,000	1	−2	−2	9
Commissions payable	193,000	−4	9,000	2	3
Deferred revenue and customer deposits	678,000	−6	6	−2	1
Accrued expenses and other	4	−2	6	−954,000	−2
Income taxes	−4	2	1	2	0
Benefit obligations	3	−598,000	3	397,000	178,000
Net cash provided by operating activities	106	70	98	14	45
Capital additions	−17	−14	−21	−18	−10
Proceeds from sale of property, plant, and equipment	2	2	0	0	—
Other	172,000	0	672,000	306,000	582,000
Net cash used for investing activities	−15	−12	−20	−546	−9
Cash dividends	−20	−19	−18	−18	−17
Treasury share repurchases	−1	−267,000	−1	−918,000	−1
Proceeds from bank borrowings	0	400	5	457	0
Payments to banks for borrowings	−60	−443	−40	9	0
Debt issuance fees	0	−746,000	0	15	0
Other	−118,000	−115,000	−551,000	−130,000	−722,000
Net cash used for financing activities	−81	−63	−55	414	−19
Effect of exchange rate changes on cash	843,000	−1	200,000	−536,000	−725,000
Net increase (decrease) in cash and cash equivalents	11	−6	24	−118	17

Filings

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