Gorman-Rupp Company

Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting

Retrieved on: 
Friday, January 26, 2024
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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 March 8, 2024, to shareholders of record February 15, 2024.

Key Points: 
  • 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 March 8, 2024, to shareholders of record February 15, 2024.
  • This action will mark the 296th 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 25, 2024, and the related establishment of the close of business on February 26, 2024 as the record date for shareholders entitled to notice of and to vote at the meeting.
  • The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.

Gorman-Rupp Announces Increase in Quarterly Cash Dividend

Retrieved on: 
Friday, October 27, 2023
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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 December 8, 2023, to shareholders of record November 15, 2023.

Key Points: 
  • 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 December 8, 2023, to shareholders of record November 15, 2023.
  • The cash dividend will represent a 2.9% increase over the $0.175 dividend per share paid in the previous quarter.
  • This action will mark the 295th consecutive quarterly dividend paid by The Gorman-Rupp Company and the 51st 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.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20231026615410/en/

Gorman-Rupp Company Declares Cash Dividend

Retrieved on: 
Friday, July 28, 2023
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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 August 15, 2023.

Key Points: 
  • 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 August 15, 2023.
  • This will mark the 294th consecutive quarterly dividend paid by 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 applications.
  • In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects.

Gorman-Rupp Announces Charmaine R. Riggins Elected as New Director

Retrieved on: 
Friday, April 28, 2023
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Charmaine R. Riggins, age 50, is the Chief Executive Officer of Loparex, LLC Company, a global company that designs, manufactures and sells release film liners.

Key Points: 
  • Charmaine R. Riggins, age 50, is the Chief Executive Officer of Loparex, LLC Company, a global company that designs, manufactures and sells release film liners.
  • Ms. Riggins joined Loparex in April 2021 as Chief Talent and Culture Officer and was named CEO in January 2022.
  • Ms. Harlan, Lead Independent Director of the Gorman-Rupp Board commented, “We are delighted that Charmaine is joining our Board of Directors.
  • “In addition to welcoming Charmaine, we also want to thank Rick for his 20 years of service as a Director on our Board.

Gorman-Rupp Company Declares Cash Dividend

Retrieved on: 
Friday, April 28, 2023
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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 June 9, 2023, to shareholders of record May 15, 2023.

Key Points: 
  • 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 June 9, 2023, to shareholders of record May 15, 2023.
  • This will mark the 293rd consecutive quarterly dividend paid by 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 applications.
  • In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects.

Gorman-Rupp Reports First Quarter 2023 Financial Results

Retrieved on: 
Thursday, April 27, 2023
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The Gorman-Rupp Company (NYSE: GRC) reports financial results for the first quarter ended March 31, 2023.

Key Points: 
  • The Gorman-Rupp Company (NYSE: GRC) reports financial results for the first quarter ended March 31, 2023.
  • Excluding Fill-Rite, sales in our water markets increased 20.1% or $14.5 million in the first quarter of 2023 compared to the first quarter of 2022.
  • Excluding Fill-Rite, sales in our non-water markets increased 12.8% or $3.8 million in the first quarter of 2023 compared to the first quarter of 2022.
  • Adjusted EBITDA1 was $28.4 million for the first quarter of 2023 compared to $14.3 million for the first quarter of 2022.

Gorman-Rupp Company Declares Cash Dividend, Announces Date of the Annual Meeting of Shareholders, and Announces Board of Director Change

Retrieved on: 
Friday, January 27, 2023
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This will mark the 292nd consecutive quarterly dividend paid by The Gorman-Rupp Company.

Key Points: 
  • This will mark the 292nd consecutive quarterly dividend paid by The Gorman-Rupp Company.
  • The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.
  • Rick R. Taylor has notified the Company that he will not stand for re-election as a Director at the Company’s 2023 Annual Meeting of Shareholders, when his term will expire.
  • Mr. Taylor, 75, has served as a Director of the Company since 2003.

Gorman-Rupp Reaches 50th Consecutive Year of Increased Dividends With 2.9% Increase in Quarterly Cash Dividend

Retrieved on: 
Friday, October 28, 2022
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The cash dividend will represent a 2.9% increase over the $0.17 dividend per share paid in the previous quarter.

Key Points: 
  • The cash dividend will represent a 2.9% increase over the $0.17 dividend per share paid in the previous quarter.
  • This action will mark the 291st consecutive quarterly dividend paid by The Gorman-Rupp Company and the 50th 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.
  • King, President and CEO commented, Gorman-Rupp has a long history of dividend payments and we are extremely proud to celebrate reaching the significant milestone of our 50th consecutive year of increased dividends.
  • The current increase reflects our commitment to returning value to our shareholders, as well as our confidence in the financial strength and long-term outlook for our Company.

Gorman-Rupp Reports Third Quarter 2022 Financial Results

Retrieved on: 
Friday, October 28, 2022
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The Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter and nine months ended September 30, 2022.

Key Points: 
  • The Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter and nine months ended September 30, 2022.
  • Excluding Fill-Rite, sales in our water markets increased 12.2% or $9.0 million in the third quarter of 2022 compared to the third quarter of 2021.
  • Excluding Fill-Rite, sales in our non-water markets increased 9.0% or $2.6 million in the third quarter of 2022 compared to the third quarter of 2021.
  • Adjusted EBITDA was $22.5 million for the third quarter of 2022 compared to $14.4 million for the third quarter of 2021.

Gorman-Rupp Company Declares Cash Dividend

Retrieved on: 
Friday, July 29, 2022
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The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable September 9, 2022, to shareholders of record August 15, 2022.

Key Points: 
  • The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable September 9, 2022, to shareholders of record August 15, 2022.
  • This will mark the 290th consecutive quarterly dividend paid by 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 protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.
  • In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Companys operations, future results and prospects.