Overview of Gorman-Rupp’s Financial Performance

Gorman-Rupp is a leading designer, manufacturer and international marketer of pumps and pump systems for diverse water, wastewater, construction, industrial, and other liquid-handling applications. The company has seen generally stable financial growth historically, which it attributes to the diversity of its markets.

Third Quarter 2025 Highlights:

• Net sales increased 2.8% to $172.8 million compared to Q3 2024, driven by growth in the industrial, municipal, agriculture, and OEM markets.
• Gross profit was $50.4 million, with a gross margin of 29.2%, down from 31.3% in Q3 2024 due to $2.7 million in facility optimization costs.
• Operating income was $21.5 million, with an operating margin of 12.4%, down from 14.2% in Q3 2024 due to the facility optimization costs.
• Net income was $11.3 million, or $0.43 per share, compared to $12.9 million, or $0.49 per share, in Q3 2024. Adjusted earnings per share were $0.52.
• Adjusted EBITDA was $32.3 million, compared to $32.0 million in Q3 2024.

First Nine Months 2025 Highlights:

• Net sales increased 3.8% to $515.8 million compared to the first nine months of 2024, with growth in the municipal, industrial, repair parts, fire, OEM, and petroleum markets.
• Gross profit was $156.8 million, with a gross margin of 30.4%, down from 31.2% in the prior year period due to $2.7 million in facility optimization costs.
• Operating income was $70.5 million, with an operating margin of 13.7%, down from 14.2% in the first nine months of 2024 due to the facility optimization costs.
• Net income was $39.3 million, or $1.49 per share, compared to $29.1 million, or $1.11 per share, in the prior year period. Adjusted earnings per share were $1.58.
• Adjusted EBITDA was $97.3 million, compared to $95.6 million in the first nine months of 2024.

Liquidity and Capital Resources:

• The company had $42.9 million in cash and $99.4 million available under its revolving credit facility as of September 30, 2025.
• Total debt outstanding was $325.8 million, with $295.8 million due in 2029 and $30.0 million due in 2031.
• Capital expenditures for 2025 are expected to be around $20.0 million, financed through cash from operations.
• The company paid a $0.19 per share quarterly dividend in Q4 2025, marking its 303rd consecutive quarterly dividend.

Overall, Gorman-Rupp delivered solid financial performance in the third quarter and first nine months of 2025, with growth in key markets offsetting the impact of facility optimization costs. The company maintains a strong liquidity position and continues to invest in its business while returning capital to shareholders through dividends.