<SEC-DOCUMENT>0001157523-17-002850.txt : 20171027
<SEC-HEADER>0001157523-17-002850.hdr.sgml : 20171027
<ACCEPTANCE-DATETIME>20171027085504
ACCESSION NUMBER:		0001157523-17-002850
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171027
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171027
DATE AS OF CHANGE:		20171027

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GORMAN RUPP CO
		CENTRAL INDEX KEY:			0000042682
		STANDARD INDUSTRIAL CLASSIFICATION:	PUMPS & PUMPING EQUIPMENT [3561]
		IRS NUMBER:				340253990
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06747
		FILM NUMBER:		171158058

	BUSINESS ADDRESS:	
		STREET 1:		600 SOUTH AIRPORT ROAD
		STREET 2:		P.O. BOX 1217
		CITY:			MANSFIELD
		STATE:			OH
		ZIP:			44901
		BUSINESS PHONE:		419-755-1011

	MAIL ADDRESS:	
		STREET 1:		600 SOUTH AIRPORT ROAD
		STREET 2:		P.O. BOX 1217
		CITY:			MANSFIELD
		STATE:			OH
		ZIP:			44901
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51706235.htm
<DESCRIPTION>THE GORMAN-RUPP COMPANY 8-K
<TEXT>
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          &#160;
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    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>Washington,
      D.C. 20549</b></font><br><br><font style="font-family: Times New Roman; font-size: 16pt"><b>FORM
      8-K</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT </b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Pursuant
      to Section 13 OR 15(d)&#160;of The Securities Exchange Act of 1934</b></font><br><br><font style="font-family: Times New Roman; font-size: 10pt"><b>Date
      of Report &#160;(Date of earliest event reported): October 27, 2017</b></font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font><br><font style="font-size: 20pt"><b>THE
      GORMAN-RUPP COMPANY</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
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        <td style="width: 32%; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Ohio</b>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="white-space: nowrap; width: 32%; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-6747</b>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="white-space: nowrap; width: 32%; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>34-0253990</b>
          </p>
        </td>
      </tr>
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        <td style="width: 32%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of incorporation)
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 32%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission&#160;File Number)
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 32%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer Identification No.)
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
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    <table style="width: 100%; margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 49%; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>600 South Airport Road, Mansfield, Ohio</b>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="white-space: nowrap; width: 49%; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>44903</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 49%; text-align: center; padding-left: 0.0px" valign="bottom">
          <font style="font-family: Times New Roman; font-size: 10pt">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">Registrant&#8217;s
      telephone number, including area code</font>: &#160;<b>(419) 755-1011</b>
    </p>
    <div style="text-align:center">
    <table style="width: 60%; margin-bottom: 10.0px; font-family: Times New Roman; margin-left:auto;margin-right:auto; font-size: 10pt" cellspacing="0">
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          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Former name or former address, if changed since last report.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Indicate by
      check mark whether the registrant is an emerging growth company as
      defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
      chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).</font>
    </p>
    <p>
      Emerging growth company <font style="font-family: Arial Unicode MS; font-size: 12pt">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. <font style="font-family: Arial Unicode MS; font-size: 12pt">&#8414;</font>
    </p>
    <p>

    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
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          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Item&#160;2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION</b>
    </p>
    <p>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On October 27, 2017, The Gorman-Rupp Company issued a news
      release announcing its financial results for the third quarter and nine
      months ended September 30, 2017.&#160;&#160;This news release is included as
      Exhibit&#160;99 and is being furnished, not filed, with the Current Report on
      Form 8-K.
    </p>
    <p style="text-indent: 60.0px">

    </p>
    <p>
      <b>Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS</b>
    </p>
    <p style="white-space: nowrap">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(d) <u>Exhibits</u>
    </p>
    <p>
      <u>Exhibit</u>
    </p>
    <p style="white-space: nowrap">
      (99)&#160;&#160;&#160;&#160;&#160;&#160;News Release dated October 27, 2017
    </p>
    <p>

    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt">
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        <div style="text-align: left">

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      </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the Registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
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        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            THE GORMAN-RUPP COMPANY
          </p>
        </td>
        <td style="width: 6%">

        </td>
      </tr>
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        <td style="width: 50%; text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 41%">

        </td>
        <td style="width: 6%">
          &#160;
        </td>
      </tr>
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        <td style="width: 50%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 3%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By
          </p>
        </td>
        <td style="width: 41%; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Brigette A. Burnell
          </p>
        </td>
        <td style="width: 6%">

        </td>
      </tr>
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        <td style="width: 50%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 41%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Brigette A. Burnell
          </p>
        </td>
        <td style="width: 6%">

        </td>
      </tr>
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        <td style="width: 50%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 41%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            General Counsel and Corporate Secretary
          </p>
        </td>
        <td style="width: 6%">

        </td>
      </tr>
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        <td style="width: 50%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 41%">

        </td>
        <td style="width: 6%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            October 27, 2017
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 41%">

        </td>
        <td style="width: 6%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT&#160;INDEX</b>
    </p>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="top">
          Exhibit
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51706235ex99.htm">(99)</a> <a href="a51706235ex99.htm">News
            Release dated October 27, 2017</a>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a51706235ex99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Gorman-Rupp
      Reports Third Quarter 2017 Financial Results</b></font>
    </p>
    <p>
      MANSFIELD, Ohio--(BUSINESS WIRE)--October 27, 2017--The Gorman-Rupp
      Company (NYSE: GRC) reports financial results for the third quarter and
      nine months ended September 30, 2017.
    </p>
    <p>
      <u>Third Quarter 2017 Highlights</u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Current quarter earnings per share were $0.22 compared to $0.27 per
        share for the third quarter of last year

        <ul>
          <li style="margin-bottom: 10.0px">
            Third quarter of 2017 included non-cash impairment charges of
            $0.10 per share and a non-cash pension settlement charge of $0.01
            per share
          </li>
          <li style="margin-bottom: 10.0px">
            Third quarter of 2016 included a gain on the sale of property,
            plant and equipment of $0.03 per share
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales increased 2.9% or $2.6 million. Excluding the PCCP project,
        net sales increased 4.4% or $4.0 million.
      </li>
      <li style="margin-bottom: 10.0px">
        Incoming orders increased 17% compared to the third quarter of 2016
      </li>
    </ul>
    <p>
      Net sales during the third quarter of 2017 were $94.0 million compared
      to $91.3 million during the third quarter of 2016, an increase of 2.9%
      or $2.6 million. Excluding sales from the New Orleans Permanent Canal
      Closures &amp; Pumps (&#8220;PCCP&#8221;) project of $0.3 million in the third quarter
      of 2017 and $1.6 million for the same period in 2016, net sales
      increased 4.4% or $4.0 million. Domestic sales, excluding PCCP,
      increased 3.5% or $2.0 million while international sales increased 6.0%
      or $2.0 million compared to the same period in 2016.
    </p>
    <p>
      Sales in our larger water markets, excluding PCCP, decreased 2.2% or
      $1.4 million in the third quarter of 2017 compared to the third quarter
      of 2016. Sales in the construction market increased $2.6 million due
      primarily to sales to rental market customers related to increased oil
      and gas drilling activity. This increase was offset by decreased sales
      in the municipal market of $2.2 million primarily driven by decreased
      shipments attributable to flood control projects, clean water and
      wastewater applications. In addition, sales in the fire protection
      market decreased $1.8 million due principally to market softness in the
      Middle East.
    </p>
    <p>
      Sales increased 21.7% or $5.4 million in non-water markets during the
      third quarter of 2017 compared to the third quarter of 2016. Sales in
      the industrial and petroleum markets increased a combined $3.2 million
      principally attributable to increased capital spending related to oil
      and gas drilling activity. Sales in the OEM market increased $2.2
      million primarily related to power generation equipment and services.
    </p>
    <p>
      Gross profit was $26.2 million for the third quarter of 2017, resulting
      in gross margin of 27.9%, compared to gross profit of $22.7 million and
      gross margin of 24.8% for the same period in 2016. Gross margin included
      a non-cash pension settlement charge of $0.3 million or 30 basis points
      in the third quarter of 2017 which did not occur in the third quarter of
      2016. Excluding the non-cash pension settlement charge, the 340 basis
      point increase in gross margin was largely driven by favorable sales mix
      and lower manufacturing overhead expenses.
    </p>
    <p>
      Selling, general and administrative expense (&#8220;SG&amp;A&#8221;) was $14.2 million
      and 15.2% of net sales for the third quarter of 2017 compared to $12.8
      million and 14.0% of net sales for the same period in 2016. SG&amp;A
      included a non-cash pension settlement charge of $0.1 million or 20
      basis points in the third quarter of 2017. SG&amp;A included a gain on the
      sale of property, plant and equipment of $1.0 million or 110 basis
      points in the third quarter of 2016. Excluding these items, SG&amp;A as a
      percentage of sales improved 10 basis points due principally to higher
      sales volume.
    </p>
    <p>
      Operating income was $7.9 million, resulting in operating margin of 8.4%
      for the third quarter of 2017, compared to operating income of $9.9
      million and operating margin of 10.8% for the same period in 2016. In
      the third quarter of 2017, due to decreasing demand for barge pumps for
      the marine transportation market, driven by low oil prices and
      overcapacity of inland barges, the Company recorded non-cash impairment
      charges of $4.1 million or 440 basis points related to its Bayou City
      Pump Company reporting unit. These charges represented the full
      remaining amounts of the reporting unit&#8217;s goodwill and customer
      relationship intangible assets. The third quarter of 2017 also included
      a non-cash pension settlement charge of $0.4 million or 50 basis points
      which did not occur in the same period last year. In the third quarter
      of 2016, operating margin included a gain on the sale of property, plant
      and equipment of $1.0 million or 110 basis points. Excluding these
      items, operating margin improved 360 basis points due principally to
      increased sales, favorable sales mix and lower manufacturing overhead
      expenses.
    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Net income was $5.7 million during the third quarter of 2017 compared to
      $6.9 million in the third quarter of 2016, and earnings per share were
      $0.22 and $0.27 for the respective periods. Earnings per share for the
      third quarter of 2017 included non-cash impairment charges of $0.10 per
      share and a non-cash pension settlement charge of $0.01 per share.
      Conversely, the third quarter of 2016 included a gain on the sale of
      property, plant and equipment of $0.03 per share.
    </p>
    <p>
      Net sales for the nine months ended September 30, 2017 were $284.5
      million compared to $287.9 million during the same period in 2016, a
      decrease of 1.2% or $3.4 million. Excluding sales from the PCCP project
      of $0.8 million in the first nine months of 2017 and $9.5 million for
      the same period in 2016, net sales for the first nine months of 2017
      increased 1.9% or $5.3 million. Domestic sales, excluding PCCP,
      increased by 0.1% or $0.2 million while international sales increased
      5.2% or $5.1 million compared to the same period in 2016.
    </p>
    <p>
      Sales in the first nine months of 2017 in our larger water markets,
      excluding PCCP, decreased 0.3% or $0.7 million compared to the first
      nine months of 2016. Sales in the construction market increased $7.2
      million due primarily to sales to rental market customers, and sales of
      repair parts increased $1.8 million. Sales in the fire protection market
      decreased $5.1 million principally due to market softness domestically
      and in the Middle East, and sales in the agriculture market decreased
      $1.6 million principally due to low farm income and competitive pricing
      pressure. Sales in the municipal market decreased $3.0 million
      principally driven by decreased shipments attributable to flood control
      projects.
    </p>
    <p>
      Sales in the first nine months of 2017 in our non-water markets
      increased 7.2% or $6.0 million compared to the first nine months of
      2016. Sales increased $5.4 million in the industrial market driven by an
      increase in oil and gas drilling activity. Sales in the OEM market
      increased $2.6 million primarily related to power generation equipment
      and services and infrastructure spending driven by gas production. These
      increases were partially offset by decreased shipments of $2.0 million
      in the petroleum market driven by challenging market conditions.
    </p>
    <p>
      Gross profit was $73.5 million for the first nine months of 2017,
      resulting in gross margin of 25.9%, compared to gross profit of $68.8
      million and gross margin of 23.9% for the same period in 2016. Gross
      margin included a non-cash pension settlement charge of $2.5 million or
      90 basis points in the first nine months of 2017 which did not occur in
      the first nine months of 2016. Excluding the non-cash pension settlement
      charge, gross margin increased by 290 basis points due principally to
      favorable sales mix, labor efficiency and lower warranty expense.
    </p>
    <p>
      SG&amp;A was $43.1 million and 15.2% of net sales for the first nine months
      of 2017 compared to $40.2 million and 14.0% of net sales for the same
      period in 2016. SG&amp;A included a non-cash pension settlement charge of
      $1.3 million or 50 basis points in the first nine months of 2017 which
      did not occur in the same period last year. SG&amp;A included a gain on the
      sale of property, plant and equipment of $1.0 million or 40 basis points
      in the first nine months of 2016. Excluding these items, SG&amp;A as a
      percentage of sales increased 30 basis points due principally to lower
      sales volume.
    </p>
    <p>
      Operating income was $26.3 million, resulting in operating margin of
      9.3% for the first nine months of 2017, compared to operating income of
      $28.6 million and operating margin of 9.9% for the same period in 2016.
      In the first nine months of 2017, operating margin included non-cash
      impairment charges of $4.1 million or 140 basis points and a non-cash
      pension settlement charge of $3.8 million or 140 basis points. In the
      first nine months of 2016, operating margin included a gain on the sale
      of property, plant and equipment of $1.0 million or 30 basis points.
      Excluding these items, operating margin improved 250 basis points due
      principally to favorable sales mix, and lower labor and manufacturing
      overhead costs.
    </p>
    <p>
      Net income was $18.6 million during the first nine months of 2017
      compared to $19.8 million in the first nine months of 2016, and earnings
      per share were $0.71 and $0.76 for the respective periods. Earnings per
      share for the first nine months of 2017 included non-cash impairment
      charges of $0.10 per share and a non-cash pension settlement charge of
      $0.10 per share. Conversely, the first nine months of 2016 included a
      gain on the sale of property, plant and equipment of $0.03 per share.
    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      The Company&#8217;s backlog of orders was $111.4 million at September 30, 2017
      compared to $102.8 million at September 30, 2016 and $98.8 million at
      December&#160;31, 2016. Excluding the PCCP project in 2016, the backlog at
      September 30, 2017 increased 9.6% as compared to September 30, 2016.
    </p>
    <p>
      Capital expenditures for the first nine months of 2017 of $4.8 million
      consisted primarily of machinery and equipment. Capital expenditures for
      the full-year 2017 are presently planned to be in the range of $6 to $8
      million and are expected to be financed through internally-generated
      funds.
    </p>
    <p>
      Jeffrey S. Gorman, President and CEO commented, &#8220;Our third quarter
      results reflect continued solid operating performance with increased
      sales in most of our markets as compared to last year and strong gross
      and operating margins. Overall business conditions have continued to
      improve and we are optimistic about our incoming order rate. As we
      approach next year, our management team remains focused on long-term
      growth opportunities and strategic initiatives supported by our very
      strong balance sheet.&#8221;
    </p>
    <p>
      About The Gorman-Rupp Company
    </p>
    <p>
      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.
    </p>
    <p>
      Safe Harbor Statement
    </p>
    <p>
      In connection with the &#8220;safe harbor&#8221; 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&#8217;s operations, future results and prospects. These
      forward-looking statements are based on current expectations about
      important economic, political, and technological factors, among others,
      and are subject to risks and uncertainties, which could cause the actual
      results or events to differ materially from those set forth in or
      implied by the forward-looking statements and related assumptions. Such
      factors include, but are not limited to: (1)&#160;continuation of the current
      and projected future business environment; (2)&#160;highly competitive
      markets; (3)&#160;availability of raw materials; (4)&#160;loss of key management;
      (5)&#160;cyber security threats; (6)&#160;acquisition performance and integration;
      (7)&#160;compliance with, and costs related to, a variety of import and
      export laws and regulations; (8) environmental compliance costs and
      liabilities; (9) exposure to fluctuations in foreign currency exchange
      rates; (10) conditions in foreign countries in which The Gorman-Rupp
      Company conducts business; (11) impairment in the value of intangible
      assets, including goodwill; (12) defined benefit pension plan settlement
      expense; (13) family ownership of common equity; and (14)&#160;risks
      described from time to time in our reports filed with the Securities and
      Exchange Commission. Except to the extent required by law, we do not
      undertake and specifically decline any obligation to review or update
      any forward-looking statements or to publicly announce the results of
      any revisions to any of such statements to reflect future events or
      developments or otherwise.
    </p>
    <p>
      Brigette A. Burnell<br>Corporate Secretary<br>The Gorman-Rupp Company<br>Telephone
      (419) 755-1246<br>NYSE: GRC
    </p>
    <p>
      For additional information, contact James C. Kerr, Chief Financial
      Officer, Telephone (419) 755-1548.
    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-family: Times New Roman; font-size: 8pt" cellspacing="0">
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="12" valign="top">
          The Gorman-Rupp Company
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="12" valign="top">
          Condensed Consolidated Statements of Income (Unaudited)
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="12" valign="top">
          (thousands of dollars, except per share data)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="5" valign="top">
          Three Months Ended September 30,
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="5" valign="top">
          Nine Months Ended September 30,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" colspan="2" valign="bottom">
          2017
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" colspan="2" valign="bottom">
          2016
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" colspan="2" valign="bottom">
          2017
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" colspan="2" valign="bottom">
          2016
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net sales
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          93,976
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          91,346
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          284,451
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          287,868
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Cost of products sold
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          67,777
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          68,676
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          210,912
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          219,061
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Gross profit
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          26,199
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          22,670
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          73,539
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          68,807
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Selling, general and administrative expenses
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          14,242
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          12,819
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          43,107
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          40,190
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Impairment of goodwill and other intangible assets
          </p>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          4,098
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          4,098
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Operating income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          7,859
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          9,851
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          26,334
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          28,617
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Other income, net
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          98
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          551
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          750
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          676
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Income before income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          7,957
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          10,402
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          27,084
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          29,293
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Income taxes
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          2,255
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          3,475
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          8,469
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          9,464
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px; padding-bottom: 4.0px" valign="top">
          Net income
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          5,702
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          6,927
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          18,615
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          19,829
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Earnings per share
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          0.22
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          0.27
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          0.71
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          0.76
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-family: Times New Roman; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          The Gorman-Rupp Company
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          Condensed Consolidated Balance Sheets (Unaudited)
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          (thousands of dollars)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="2" valign="top">
          September 30,
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="2" valign="top">
          December 31,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" colspan="2" valign="bottom">
          2017
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" colspan="2" valign="bottom">
          2016
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Assets</u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          75,958
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          57,604
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          67,964
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          71,424
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Inventories, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          73,803
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          69,049
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Prepaid and other
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          7,398
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          5,823
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          225,123
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          203,900
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Property, plant and equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          117,471
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          122,067
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Other assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          8,451
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          7,769
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Prepaid pension benefits
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          7,740
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          6,211
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Goodwill and other intangible assets, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          37,879
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          42,871
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px; padding-bottom: 4.0px" valign="top">
          Total assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          396,664
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          382,818
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Liabilities and shareholders' equity</u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accounts payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          16,624
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          16,306
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Accrued liabilities and expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          30,656
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          33,046
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          47,280
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          49,352
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Postretirement benefits
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          21,238
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          20,709
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Other long-term liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          9,137
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          9,869
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Total liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          77,655
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          79,930
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Shareholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          319,009
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          302,888
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 4.0px" valign="top">
          Total liabilities and shareholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          396,664
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          382,818
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Shares outstanding
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          26,106,623
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          26,093,123
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>The Gorman-Rupp Company<br>James C. Kerr, 419-755-1548<br>Chief
      Financial Officer
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
