|Company's Full Name:||Gorman-Rupp Company|
|Trading Ticker Symbol:||GRC|
|Headquarter City/Country:||Ohio, OH|
|Primary Industry Sector:||Capital Goods|
|Seconday Sub-sector:||Fluid Controls|
|Main Business Areas:||Capital Goods, Fluid Controls, Industrials, Diversified Industrials, Water|
|Dividend Payments:||Dividend History|
|Current Share Price:||$31.99|
|Previous Year's Closing Price:||$32.41|
|Percentage Price Change (YTD):||-1.3%|
|Market Cap:||$836.01 million|
|52-week Price Range:||$29.57 - $38.26|
|Dividend Per Share:||$0.53|
The Gorman-Rupp Company, incorporated on April 18, 1934, designs, manufactures and sells pumps and pump systems. The Company offers its products for use in dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications. The Company operates through manufacture and international sale of pumps and pump systems segment. The Company's product line consists of pump models ranging in size from 0.25 to 15 feet and ranging in rated capacity from less than one gallon per minute to one million gallons per minute. The types of pumps which the Company produces, include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high pressure booster, rotary gear, diaphragm, bellows and oscillating.
The Company's larger pumps are sold principally for use in the construction, industrial, water and wastewater handling fields; for flood control; for improving low residential water pressure; for pumping refined petroleum products, including the ground refueling of aircraft; for fluid control in HVAC applications, and for various agricultural purposes. Additionally, pumps manufactured for fire protection are used for sprinkler back-up systems, fire hydrants, stand pipes, fog systems and deluge systems at hotels, banks, factories, airports, schools, public buildings and a range of other types of facilities throughout the world.
The Company supplies pumps, which have drives ranging from 0.028 horsepower electric motors to larger electric motors or internal combustion engines capable of producing several thousand horsepower. The Company's pumps are also utilized for dewatering purposes. In addition, the pumps manufactured for fire protection are used for sprinkler back-up systems, fire hydrants, stand pipes, fog systems and deluge systems at hotels, banks, factories, airports, schools, public buildings and various types of facilities around the world. Its small pumps are sold to customers, such as food processing, chemical processing, photo processing, medical and other waste treatment, appliances and solar heating.
As of December 31, 2016, the Company's pumps were marketed in the United States and around the world through a network of over 1,000 distributors; through manufacturers' representatives (for sales to many original equipment manufacturers); through third-party distributor catalogs, and by direct sales. The Company's production operations consist of the machining of castings; the cutting, shaping and welding of bar stock and structural members; the design and assembly of electrical control panels; the manufacture of a few minor components, and the assembling, painting and testing of its products. The Company owns a facility in Dallas, Texas that consists of a training center and warehouse.
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