<SEC-DOCUMENT>0001157523-19-000890.txt : 20190425
<SEC-HEADER>0001157523-19-000890.hdr.sgml : 20190425
<ACCEPTANCE-DATETIME>20190425112601
ACCESSION NUMBER:		0001157523-19-000890
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190425
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190425
DATE AS OF CHANGE:		20190425

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:		19766314

	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>a51974216.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: 16pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 16pt"><br style="font-size: 16pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 16pt">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-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 OR 15(d)&#160;of The Securities Exchange Act of 1934</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Date
      of Report &#160;(Date of earliest event reported): April 25, 2019</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><br><font style="font-size: 18pt"><b>THE
      GORMAN-RUPP COMPANY</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Ohio</b>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; width: 32%; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-6747</b>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; width: 32%; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>34-0253990</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="width: 32%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of incorporation)
          </p>
        </td>
        <td style="width: 2%">

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

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

        </td>
        <td valign="bottom" style="width: 49%; text-align: center; padding-left: 0.0px">
          <font style="font-size: 10pt; font-family: Times New Roman">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code</font>: &#160;<b>(419) 755-1011</b>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 60%; margin-left:auto;margin-right:auto; margin-bottom: 10.0px">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
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          <p style="margin-top: 0px; margin-bottom: 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-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Times New Roman">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: 10pt">&#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: 10pt">&#8414;</font>
    </p>
    <p>

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

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

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

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

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

    </p>
    <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 April 25, 2019, The Gorman-Rupp Company issued a news
      release announcing its financial results for the first quarter ended
      March 31, 2019.&#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>
      <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 April 25, 2019
    </p>
    <p>

    </p>
    <div style="margin-left: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <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="height: 1.5pt; color: black">

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

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

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">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 valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            THE GORMAN-RUPP COMPANY
          </p>
        </td>
        <td style="width: 6%">

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

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

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

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

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

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

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

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

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

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

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

        </td>
        <td style="width: 6%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 50%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            April 25, 2019
          </p>
        </td>
        <td style="width: 3%">

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

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

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

    </p>
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      <div>
        <div style="text-align: left">

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

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

        </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 cellspacing="0" style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td valign="top" style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; border-bottom-style: solid; padding-left: 0.0px">
          Exhibit
        </td>
      </tr>
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        <td valign="top" style="white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51974216ex99.htm">(99) News Release dated April 25, 2019</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;
          </p>
        </td>
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    </table>
    </div>
    <p style="text-align: left">

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a51974216ex99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
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    <title></title>
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  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Gorman-Rupp
      Reports First Quarter Financial Results</b></font>
    </p>
    <p>
      MANSFIELD, Ohio--(BUSINESS WIRE)--April 25, 2019--The Gorman-Rupp
      Company (NYSE:GRC) reports financial results for the first quarter ended
      March 31, 2019.
    </p>
    <p>
      <u>First Quarter 2019 Highlights</u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        First quarter earnings per share were $0.28 compared to $0.37 per
        share for the first quarter of 2018
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales increased 0.3% or $0.3 million compared to the first quarter
        of 2018
      </li>
      <li style="margin-bottom: 10.0px">
        Incoming orders increased 9.8% compared to the fourth quarter of 2018
      </li>
    </ul>
    <p>
      Net sales for the first quarter of 2019 were $96.9 million compared to
      $96.6 million for the first quarter of 2018, an increase of 0.3% or $0.3
      million. Domestic sales increased 5.1% or $3.3 million while
      international sales decreased 9.4% or $3.0 million compared to the same
      period in 2018.
    </p>
    <p>
      Sales in our water markets increased 4.7% or $3.1 million in the first
      quarter of 2019 compared to the first quarter of 2018. Sales in the
      municipal market increased $4.7 million driven primarily by
      infrastructure needs domestically and sales in the construction market
      increased $2.4 million due primarily to sales to rental market
      customers. These increases were partially offset by decreased sales in
      the fire protection market of $2.4 million driven primarily by softness
      in international markets and adverse weather domestically. In addition,
      sales in the agriculture market decreased $1.3 million and sales of
      repair parts decreased $0.3 million.
    </p>
    <p>
      Sales decreased 8.8% or $2.8 million in our non-water markets during the
      first quarter of 2019 compared to the first quarter of 2018. Sales in
      the petroleum and industrial markets decreased a combined $1.5 million
      and sales in the OEM market decreased $1.3 million.
    </p>
    <p>
      International sales were $29.2 million in the first quarter of 2019
      compared to $32.2 million in the same period last year and represented
      30% and 33% of total sales for the Company, respectively. International
      sales decreased most notably in the fire protection market driven
      primarily by softness in the oil and gas industry and in the petroleum
      market.
    </p>
    <p>
      Gross profit was $23.3 million for the first quarter of 2019, resulting
      in gross margin of 24.1%, compared to gross profit of $26.2 million and
      gross margin of 27.1% for the same period in 2018. Gross margin
      decreased 300 basis points as a result of material cost increases due to
      inflation, tariffs and higher freight costs, which began to occur in the
      second half of 2018. Although material costs have not increased
      significantly from the fourth quarter of 2018, we did not leverage labor
      and overhead costs as we were able to do during 2018 on higher sales due
      to only a modest sales increase in the first quarter of 2019. Selling
      price increases implemented at the beginning of this year were not fully
      realized during the first quarter of 2019 due to shipping of 2018
      backlog.
    </p>
    <p>
      Selling, general and administrative expenses were $14.4 million and
      14.8% of net sales for the first quarter of 2019 as compared to $14.4
      million and 14.9% of net sales for the same period in 2018.
    </p>
    <p>
      Operating income was $9.0 million, resulting in operating margin of 9.2%
      for the first quarter of 2019, compared to operating income of $11.9
      million and operating margin of 12.3% for the same period in 2018.
      Operating margin decreased 310 basis points due principally to material
      cost increases resulting from inflation, tariffs, and higher freight
      costs.
    </p>
    <div style="margin-left: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p>
      Net income was $7.2 million for the first quarter of 2019 compared to
      $9.6 million in the first quarter of 2018, and earnings per share were
      $0.28 and $0.37 for the respective periods.
    </p>
    <p>
      The Company&#8217;s backlog of orders was $120.8 million at March 31, 2019
      compared to $127.3 million at March 31, 2018 and $113.7 million at
      December 31, 2018. Incoming orders decreased 5.2% compared to the same
      period in 2018 while increasing 9.8% compared to the fourth quarter of
      2018. The increase in orders in the first quarter of 2019 compared to
      the fourth quarter of 2018 included increases in most of the markets the
      Company serves, most notably in the municipal market.
    </p>
    <p>
      Capital expenditures for the quarter ended March 31, 2019 were $2.1
      million and consisted primarily of machinery and equipment. Capital
      expenditures for the full-year 2019 are presently planned to be in the
      range of $15-$20 million and are expected to be financed through
      internally generated funds.
    </p>
    <p>
      Jeffrey S. Gorman, President and CEO commented, &#8220;Material cost inflation
      negatively affected our results as shipments during the first quarter of
      2019 largely included backlog from 2018 prior to our price increases
      taking effect.&#160;&#160;We do expect improvement in our margins going forward as
      our recent price increases are realized, and we will continue to closely
      monitor material costs and pricing.&#160;&#160;Overall business conditions remain
      solid.&#160;&#160;We are encouraged by the 10% increase in incoming orders during
      the first quarter of 2019, as well as the increase in backlog.&#8221;
    </p>
    <p>
      About The Gorman-Rupp Company<br>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>
      Forward-Looking Statements<br>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) continuation of the current and projected future
      business environment; (2) highly competitive markets; (3) availability
      and costs of raw materials; (4) loss of key management; (5) cyber
      security threats; (6) acquisition performance and integration; (7)
      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) changes in our tax rates and exposure to
      additional income tax liabilities; (12) impairment in the value of
      intangible assets, including goodwill; (13) defined benefit pension plan
      settlement expense; (14) family ownership of common equity; and (15)
      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>
      For additional information, contact James C. Kerr, Chief Financial
      Officer, Telephone (419) 755-1548.
    </p>
    <div style="margin-left: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="7">
          The Gorman-Rupp Company
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="7">
          Condensed Consolidated Statements of Income (Unaudited)
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="7">
          (thousands of dollars, except per share data)
        </td>
      </tr>
      <tr>
        <td>

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

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

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

        </td>
        <td>

        </td>
        <td valign="top" style="white-space: nowrap; text-align: center; padding-left: 0.0px; padding-right: 0.0px" colspan="5">
          Three Months Ended March 31,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px" colspan="2">
          2019
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px" colspan="2">
          2018
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          96,859
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          96,604
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Cost of products sold
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          73,546
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          70,398
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Gross profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          23,313
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          26,206
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Selling, general and administrative expenses
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          14,363
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          14,356
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Operating income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          8,950
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          11,850
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Other income (expense), net
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          292
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          806
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Income before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          9,242
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          12,656
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Income taxes
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          2,020
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          3,039
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; text-align: left; padding-left: 20.0px">
          Net income
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; border-bottom-style: double; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; border-bottom-style: double; padding-left: 0.0px; padding-right: 0.0px">
          7,222
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; border-bottom-style: double; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; border-bottom-style: double; padding-left: 0.0px; padding-right: 0.0px">
          9,617
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          0.28
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          0.37
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="7">
          The Gorman-Rupp Company
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="7">
          Condensed Consolidated Balance Sheets (Unaudited)
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="7">
          (thousands of dollars)
        </td>
      </tr>
      <tr>
        <td>

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

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

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px" colspan="2">
          2019
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px" colspan="2">
          2018
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Assets</u>
          </p>
        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          50,177
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          46,458
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          65,617
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          67,714
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Inventories, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          85,359
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          87,387
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Prepaid and other
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          6,838
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          7,127
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          207,991
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          208,686
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          112,228
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          113,493
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          8,741
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          5,101
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          4,549
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          4,817
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          35,835
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          36,185
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; text-align: left; padding-left: 20.0px">
          Total assets
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; border-bottom-style: double; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; border-bottom-style: double; padding-left: 0.0px; padding-right: 0.0px">
          369,344
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; border-bottom-style: double; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; border-bottom-style: double; padding-left: 0.0px; padding-right: 0.0px">
          368,282
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          16,259
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          16,678
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Accrued liabilities and expenses
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          29,262
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          31,787
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          45,521
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          48,465
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          21,689
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          21,853
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          5,187
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          4,832
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Total liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          72,397
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          75,150
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          296,947
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; border-bottom-style: solid; padding-left: 0.0px; padding-right: 0.0px">
          293,132
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; text-align: left; padding-left: 20.0px">
          Total liabilities and shareholders' equity
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; border-bottom-style: double; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; border-bottom-style: double; padding-left: 0.0px; padding-right: 0.0px">
          369,344
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; border-bottom-style: double; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; border-bottom-style: double; padding-left: 0.0px; padding-right: 0.0px">
          368,282
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          26,123,692
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          26,117,045
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Brigette A. Burnell<br>Corporate Secretary<br>The
      Gorman-Rupp Company<br>Telephone (419) 755-1246<br>NYSE: GRC
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
