<SEC-DOCUMENT>0001157523-19-001595.txt : 20190726
<SEC-HEADER>0001157523-19-001595.hdr.sgml : 20190726
<ACCEPTANCE-DATETIME>20190726083232
ACCESSION NUMBER:		0001157523-19-001595
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190726
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190726
DATE AS OF CHANGE:		20190726

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:		19975980

	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>a52019079.htm
<DESCRIPTION>THE GORMAN-RUPP COMPANY 8-K
<TEXT>
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              <div>&#160;</div>
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    <div style="text-align: center;"><font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <br>
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    <div style="text-align: center;"><font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">UNITED STATES</font><br>
    </div>
    <div style="text-align: center; font-size: 14pt;"><font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif;"> </font><font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">SECURITIES AND EXCHANGE
        COMMISSION</font></div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-align: center;"><font style="font-size: 12pt;"> </font><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">CURRENT REPORT<br>
      Pursuant to Section&#160;13 OR 15(d) of The Securities Exchange Act of 1934</div>
    <div style="text-align: center;"><font style="font-size: 12pt;"> </font><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Date of Report (Date of earliest event reported): July 26, 2019</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">THE GORMAN-RUPP COMPANY</div>
    <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
    <div style="text-align: center;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zc05077d983874c82b7ccd49ea5252e30" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <div style="text-align: center; font-weight: bold;">Ohio</div>
          </td>
          <td style="width: 1.99%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 32%; vertical-align: top;" colspan="3">
            <div style="text-align: center; font-weight: bold;">1-6747</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">
            <div>&#160;</div>
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            <div style="text-align: center; font-weight: bold;">34-0253990</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
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          <td style="width: 31.99%; vertical-align: top;">
            <div style="text-align: center;">(State or other jurisdiction<br>
              of incorporation)</div>
          </td>
          <td style="width: 1.99%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 32%; vertical-align: top;" colspan="3">
            <div style="text-align: center;">(Commission File Number)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;">(IRS Employer Identification No.)</div>
          </td>
        </tr>
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          <td style="width: 48.98%; vertical-align: bottom;" colspan="3">
            <div>&#160;</div>
          </td>
          <td style="width: 2.04%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 48.98%; vertical-align: bottom;" colspan="3">
            <div>&#160;</div>
          </td>
        </tr>
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          <td style="width: 48.98%; vertical-align: bottom;" colspan="3">
            <div style="text-align: center; font-weight: bold;">600 South Airport Road, Mansfield, Ohio</div>
          </td>
          <td style="width: 2.04%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 48.98%; vertical-align: top;" colspan="3">
            <div style="text-align: center; font-weight: bold;">&#160;<br>
              44903</div>
          </td>
        </tr>
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          <td style="width: 48.98%; vertical-align: top; border-top: #000000 2px solid;" colspan="3">
            <div style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
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            <div style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
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            <div style="text-align: center;">(Address of principal executive offices)</div>
          </td>
          <td style="width: 2.04%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 48.98%; vertical-align: top;" colspan="3">
            <div style="text-align: center;">(Zip Code)</div>
          </td>
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    <div><br>
    </div>
    <div style="text-align: center;">Registrant&#8217;s telephone number, including area code: <font style="font-weight: bold;">(419) 755-1011</font></div>
    <div><br>
    </div>
    <div style="text-align: center;">__________________________________________________</div>
    <div style="text-align: center;">(Former name or former address, if changed since last report.)</div>
    <div><br>
    </div>
    <div>&#160;</div>
    <div>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:</div>
    <div style="font-size: 8pt;">&#160;</div>
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            <div style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</div>
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            <div>Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</div>
          </td>
        </tr>

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    <div style="font-size: 8pt;">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z6ec9c3e7d5304729a02e9da09887d13a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <div style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</div>
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          <td style="width: 96%; vertical-align: top;">
            <div>Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
          </td>
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    <div style="font-size: 8pt;">&#160;</div>
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            <div style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</div>
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          <td style="width: 96%; vertical-align: top;">
            <div>Pre-commencement communications pursuant to Rule&#160;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>
        </tr>

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    <div style="font-size: 8pt;">&#160;</div>
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            <div style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</div>
          </td>
          <td style="width: 96%; vertical-align: top;">
            <div>Pre-commencement communications pursuant to Rule&#160;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>
        </tr>

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    <div><br>
    </div>
    <div>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).</div>
    <div><br>
    </div>
    <div>Emerging growth company <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div><br>
    </div>
    <div>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: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
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    <div style="font-weight: bold;">Item&#160;2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION</div>
    <div> <br>
    </div>
    <div style="text-indent: 36pt;">On July 26, 2019, The Gorman-Rupp Company issued a news release announcing its financial results for the second quarter and six months ended June 30, 2019.&#160; This news release is included as Exhibit&#160;99 and is being
      furnished, not filed, with the Current Report on Form 8-K.</div>
    <div style="text-indent: 24.5pt;"> <br>
    </div>
    <div style="font-weight: bold;">Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(d) <u>Exhibits</u></div>
    <div><br>
    </div>
    <div><u>Exhibit</u></div>
    <div>(99)&#160; &#160; &#160; News Release dated July 26, 2019</div>
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    </div>
    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div>&#160;&#160;&#160;&#160;&#160;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.</div>
    <div><br>
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              <div>&#160;</div>
            </td>
            <td style="width: 40%;">
              <div>THE GORMAN-RUPP COMPANY</div>
            </td>
            <td style="width: 10%;" colspan="1">&#160;</td>
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              <div>&#160;</div>
            </td>
            <td style="width: 40%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>By&#160; /s/Brigette A. Burnell</div>
            </td>
            <td style="width: 10%; padding-bottom: 2px;" colspan="1">&#160;</td>
          </tr>
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            <td style="width: 50.00%;">
              <div>&#160;</div>
            </td>
            <td style="width: 40%;">
              <div>Brigette A. Burnell</div>
            </td>
            <td style="width: 10%;" colspan="1">&#160;</td>
          </tr>
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            <td style="width: 50.00%;">
              <div>&#160;</div>
            </td>
            <td style="width: 40%;" rowspan="1" colspan="2">
              <div>
                <div style="font-family: 'Times New Roman',Times,serif;">Vice President, General Counsel and Corporate Secretary</div>
              </div>
            </td>
          </tr>

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      <br>
    </div>
    July 26, 2019
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    <div style="text-align: center;"><font style="font-weight: bold;">EXHIBIT INDEX</font> </div>
    <div><br>
    </div>
    <div>
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              <div>Exhibit <br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 100.00%;">
              <div><a href="a52019079ex99.htm">(99) News Release dated July 26, 2019</a> <br>
              </div>
            </td>
          </tr>

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    <br>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a52019079ex99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99</font><br>
  </div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div><font style="font-weight: bold;"> </font>
    <div class="bw-release">
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          <h1 style="text-align: center; list-style-position:inside;FONT-SIZE: 14pt;"> <b>Gorman-Rupp Reports Second Quarter Financial Results</b> </h1>
          <div class="bw-release-body">
            <div class="bw-release-table-js bw-release-story">
              <p>MANSFIELD, Ohio--(BUSINESS WIRE)--July 26, 2019--The Gorman-Rupp Company (NYSE: GRC) reports financial results for the second quarter and six months ended June 30, 2019. </p>
              <p> <u>Second Quarter 2019 Highlights</u> </p>
              <ul style="list-style-type: disc;">
                <li> Second quarter earnings per share were $0.40 compared to $0.39 per share for the second quarter of 2018
                  <ul style="list-style-type: circle;">
                    <li> Second quarter 2018 included a non-cash pension settlement charge of $0.07 per share </li>
                  </ul>
                </li>
                <li> Net sales decreased 3.1% or $3.5 million compared to record net sales in the second quarter of 2018 </li>
                <li> Incoming orders decreased 9.2% compared to the first quarter of 2019 </li>
              </ul>
              <p> Net sales for the second quarter of 2019 were $108.3 million compared to record net sales of $111.8 million for the second quarter of 2018, a decrease of 3.1% or $3.5 million. Domestic sales increased 4.6% or $3.3 million while
                international sales decreased 16.8% or $6.8 million compared to the same period in 2018. </p>
              <p> Sales in our water markets decreased 4.8% or $3.8 million in the second quarter of 2019 compared to the second quarter of 2018. Sales in the fire protection market decreased $2.7 million driven primarily by softness in international
                markets. Sales in the municipal market decreased $0.9 million, and sales in the agriculture market decreased $0.5 million. These decreases were partially offset by increased sales in the construction market of $0.3 million. </p>
              <p> Sales in our non-water markets increased 1.0% or $0.3 million during the second quarter of 2019 compared to the second quarter of 2018. Sales in the petroleum market increased $1.5 million driven primarily by mid-stream oil and gas
                customers, and sales in the OEM market increased $1.0 million primarily related to power generation equipment and services. These increases were partially offset by decreased sales in the industrial market of $2.2 million due primarily to
                softness in the upstream oil and gas market. </p>
              <p> International sales were $33.5 million in the second quarter of 2019 compared to $40.3 million in the same period last year and represented 31% and 36% of total sales for the Company, respectively. International sales decreased $3.3
                million in the fire protection market driven primarily by softness in the oil and gas industry and $1.7 million in the construction market due primarily to strong fleet orders last year that did not recur this year. </p>
              <p> Gross profit was $28.2 million for the second quarter of 2019, resulting in gross margin of 26.0%, compared to gross profit of $29.9 million and gross margin of 26.7% for the same period in 2018. Material costs as a percentage of sales
                were flat in the second quarter of 2019 compared to the same period last year as selling price increases implemented at the beginning of 2019 were realized. The 70 basis points decrease in gross margin was due principally to the loss of
                leverage from lower sales volume compared to the second quarter of 2018. </p>
              <p> Selling, general and administrative (&#8220;SG&amp;A&#8221;) expenses were $15.0 million and 13.8% of net sales for the second quarter of 2019 compared to $14.9 million and 13.3% of net sales for the same period in 2018. SG&amp;A expenses as a
                percentage of sales increased 50 basis points due principally to the loss of leverage from lower sales volume. </p>
              <p> Operating income was $13.2 million, resulting in operating margin of 12.2%, for the second quarter of 2019, compared to operating income of $15.0 million and operating margin of 13.4% for the same period in 2018. Operating margin
                decreased 120 basis points due principally to the loss of leverage from lower sales volume. </p>
              <div> </div>
              <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
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              </div>
              <p> The Company&#8217;s effective tax rate increased to 22.0% for the second quarter of 2019 from 19.2% for the second quarter of 2018 due primarily to pension plan contributions made in the second quarter of 2018 which were eligible for tax
                deduction at the prior 35.0% federal corporate tax rate. </p>
              <p> Net income was $10.5 million for the second quarter of 2019 compared to $10.2 million in the second quarter of 2018, and earnings per share were $0.40 and $0.39 for the respective periods. A non-cash pension settlement charge reduced
                second quarter of 2018 earnings by $0.07 per share. </p>
              <p> Net sales for the first six months of 2019 were $205.2 million compared to $208.4 million for the first six months of 2018, a decrease of 1.6% or $3.2 million. Domestic sales increased 4.8% or $6.6 million while international sales
                decreased 13.5% or $9.8 million compared to the same period in 2018. </p>
              <p> Sales in our water markets decreased 0.5% or $0.7 million in the first six months of 2019 compared to the first six months of 2018. Sales in the municipal market increased $3.7 million driven primarily by infrastructure needs
                domestically, and sales in the construction market increased $2.7 million due primarily to sales to rental market customers. These increases were offset by decreased sales in the fire protection market of $5.2 million driven by softness in
                international markets and in the agriculture market of $1.9 million primarily due to adverse weather conditions. </p>
              <p> Sales in our non-water markets decreased 4.0% or $2.5 million during the first six months of 2019 compared to the first six months of 2018. Sales in the petroleum market increased $0.9 million driven primarily by mid-stream oil and gas
                customers. This increase was offset by decreased sales in the industrial market of $3.1 million due primarily to softness in the upstream oil and gas market and decreased sales in the OEM market of $0.3 million. </p>
              <p> International sales were $62.7 million in the first six months of 2019 compared to $72.5 million in the same period last year and represented 31% and 35% of total sales for the Company, respectively. International sales decreased most
                notably in the fire protection, municipal and construction markets. </p>
              <p> Gross profit was $51.5 million for the first six months of 2019, resulting in gross margin of 25.1%, compared to gross profit of $56.1 million and gross margin of 26.9% for the same period in 2018. Gross margin decreased 180 basis points
                largely as a result of material cost increases due to inflation, tariffs and higher freight costs. Gross margin in the second quarter of 2019 improved from the first quarter of 2019 as selling price increases implemented at the beginning of
                the year were more fully realized. </p>
              <p> SG&amp;A expenses were $29.4 million and 14.3% of net sales for the first six months of 2019 compared to $29.2 million and 14.0% of net sales for the same period in 2018. SG&amp;A expenses as a percentage of sales increased 30 basis
                points primarily as a result of loss of leverage from lower sales volume. </p>
              <p> Operating income was $22.2 million, resulting in operating margin of 10.8%, for the first six months of 2019, compared to operating income of $26.8 million and operating margin of 12.9% for the same period in 2018. Operating margin
                decreased 210 basis points due principally to material cost increases, which were partially offset by selling price increases. </p>
              <p> Net income was $17.7 million for the first six months of 2019 compared to $19.8 million in the first six months of 2018, and earnings per share were $0.68 and $0.76 for the respective periods. The first six months of 2018 earnings were
                reduced by non-cash pension settlement charges of $0.08 per share. </p>
              <p> The Company&#8217;s backlog of orders was $107.0 million at June 30, 2019 compared to $128.9 million at June 30, 2018 and $113.7 million at December 31, 2018. The backlog at June 30, 2019 decreased 17.0% as compared to June 30, 2018 driven by
                decreased incoming orders in several of the markets the Company serves, most notably in the fire protection, construction, industrial and municipal markets. </p>
              <p> Capital expenditures for the first six months of 2019 were $3.5 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. </p>
              <div> </div>
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              </div>
              <p> Jeffrey S. Gorman, Chairman, President and CEO commented, &#8220;We were pleased with the improvement in earnings in the second quarter as our gross margin benefited from selling price increases that were implemented at the beginning of the
                year. However, our incoming order rate softened, reducing our backlog, which will make top line growth more challenging in the second half of the year. Global economic conditions impacted our international markets, while adverse weather in
                many parts of the U.S. put pressure on construction projects and the agriculture market. On the positive side, interest in flood control continues to increase and is encouraging for the future. We remain focused on our long-term strategic
                initiatives, including continuing to look for the right acquisition opportunities.&#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> Forward-Looking Statements </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) continuation of the current and projected future business environment; (2) highly competitive markets; (3) availability and costs of raw materials, and our ability to mitigate cost increases through selling price
                adjustments; (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> </div>
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              </div>
              <table cellspacing="0" id="zf934bb53d174444c8b3694e4a9c5ab32" style="margin-bottom: 10.0px; font-size: 10pt;">

                  <tr>
                    <td rowspan="1" style="text-align: center; list-style-position:inside;" colspan="14">The Gorman-Rupp Company</td>
                  </tr>
                  <tr>
                    <td rowspan="1" style="text-align: center; list-style-position:inside;" colspan="14">Condensed Consolidated Statements of Income (Unaudited)</td>
                  </tr>
                  <tr>
                    <td rowspan="1" style="text-align: center; list-style-position:inside;" colspan="14">(thousands of dollars, except per share data)</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" style="text-align: center; list-style-position:inside;white-space: nowrap;" colspan="6">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> Three Months Ended June 30, </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: center; list-style-position:inside;white-space: nowrap;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td rowspan="1" style="text-align: center; list-style-position:inside;white-space: nowrap;" colspan="6">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> Six Months Ended June 30, </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;">
                      <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2019 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: center; list-style-position:inside;white-space: nowrap;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td rowspan="1" colspan="3" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;">
                      <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2018 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: center; list-style-position:inside;white-space: nowrap;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td rowspan="1" colspan="2" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;">
                      <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2019 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: center; list-style-position:inside;white-space: nowrap;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td rowspan="1" colspan="3" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;">
                      <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2018 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Net sales</td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 108,330 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 111,827 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 205,189 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 208,431 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Cost of products sold</td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 80,138 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 81,962 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 153,684 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 152,360 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1" style="padding-left: 25.0px;">Gross profit</td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 28,192 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 29,865 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 51,505 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 56,071 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Selling, general and administrative expenses</td>
                    <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 14,988 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 14,872 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 29,351 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 29,228 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1" style="padding-left: 25.0px;">Operating income</td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 13,204 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 14,993 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 22,154 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 26,843 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Other income (expense), net</td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 231 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (2,407 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 523 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (1,601 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1" style="padding-left: 25.0px;">Income before income taxes</td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 13,435 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 12,586 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 22,677 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 25,242 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Income taxes</td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 2,955 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 2,413 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 4,975 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 5,452 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1" style="padding-left: 25.0px;">Net income</td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 10,480 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 10,173 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 17,702 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 19,790 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="3">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Earnings per share</td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 0.40 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 0.39 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 0.68 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 0.76 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;padding-left: 0.0px;">
                      <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
                    </td>
                  </tr>

              </table>
              <table cellspacing="0" id="z75ac144425c64ad3a94df34094a2223b" style="margin-bottom: 10.0px; font-size: 10pt;">

                  <tr>
                    <td rowspan="1" style="text-align: center; list-style-position:inside;" colspan="9">The Gorman-Rupp Company</td>
                  </tr>
                  <tr>
                    <td rowspan="1" style="text-align: center; list-style-position:inside;" colspan="9">Condensed Consolidated Balance Sheets (Unaudited)</td>
                  </tr>
                  <tr>
                    <td rowspan="1" style="text-align: center; list-style-position:inside;" colspan="9">(thousands of dollars)</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" style="text-align: center; list-style-position:inside;" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" style="text-align: center; list-style-position:inside;white-space: nowrap;" colspan="2">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> June 30, </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: center; list-style-position:inside;white-space: nowrap;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td rowspan="1" style="text-align: center; list-style-position:inside;white-space: nowrap;" colspan="2">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> December 31, </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;">
                      <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2019 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: center; list-style-position:inside;white-space: nowrap;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td rowspan="1" colspan="2" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;">
                      <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2018 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1" style="text-align: center; list-style-position:inside;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <u>Assets</u> </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Cash and cash equivalents</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 62,165 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 46,458 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Accounts receivable, net</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 75,476 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 67,714 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Inventories, net</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 78,809 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 87,387 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Prepaid and other</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 4,411 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 7,127 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1" style="padding-left: 25.0px;">Total current assets</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 220,861 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 208,686 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Property, plant and equipment, net</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 110,526 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 113,493 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Other assets</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 9,307 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 5,101 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Prepaid pension benefits</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="padding-right: 0.0px;vertical-align: bottom;">
                      <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="padding-right: 0.0px;vertical-align: bottom;">
                      <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 4,269 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="padding-right: 0.0px;vertical-align: bottom;">
                      <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="padding-right: 0.0px;vertical-align: bottom;">
                      <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 4,817 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Goodwill and other intangible assets, net</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 35,633 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 36,185 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1" style="padding-left: 25.0px;">Total assets</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 380,596 </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: left;"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 368,282 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2" style="text-align: left;"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2" style="text-align: left;">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1" style="text-align: center; list-style-position:inside;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <u>Liabilities and shareholders' equity</u> </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Accounts payable</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 14,306 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 16,678 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Accrued liabilities and expenses</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 34,788 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 31,787 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1" style="padding-left: 25.0px;">Total current liabilities</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 49,094 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 48,465 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Postretirement benefits</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 21,224 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 21,853 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Other long-term liabilities</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 4,929 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 4,832 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1" style="padding-left: 25.0px;">Total liabilities</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 75,247 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 75,150 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Shareholders' equity</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 305,349 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 293,132 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1" style="padding-left: 25.0px;">Total liabilities and shareholders' equity</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 380,596 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 368,282 </p>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td rowspan="1" colspan="2">&#160;</td>
                  </tr>
                  <tr>
                    <td colspan="1" rowspan="1">Shares outstanding</td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 26,124,393 </p>
                    </td>
                    <td colspan="1" rowspan="1"><br>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                    </td>
                    <td colspan="1" rowspan="1" style="text-align: right; list-style-position:inside;padding-right: 0.0px;vertical-align: bottom;">
                      <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 26,117,045 </p>
                    </td>
                  </tr>

              </table>
              <p> &#160; </p>
            </div>
            <div class="bw-release-contact">
              <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
              <p> Brigette A. Burnell <br>
                Corporate Secretary <br>
                The Gorman-Rupp Company <br>
                Telephone (419) 755-1246 <br>
                NYSE: GRC </p>
            </div>
          </div>
        </div>
      </div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
