GORMAN RUPP CO

Gorman-Rupp Company (NYSE: GRC) is a leading designer, manufacturer and global marketer of pumps and pump systems serving diverse liquid-handling applications across industrial, municipal, construction, agricultural, petroleum, fire suppression, heating and cooling, and military markets. The company's website is www.gormanrupp.com.

The company operates as a single business segment focused on pump manufacturing and distribution. Its product portfolio encompasses over 100 pump models ranging from fractional horsepower units to systems producing nearly one million gallons per minute. Product types include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed-flow, vertical turbine, submersible, high-pressure booster, rotary gear, rotary vein, diaphragm, bellows and oscillating pumps. Many larger units comprise fully integrated water and wastewater pumping stations designed for specific customer applications. The company manufactures certain components in-house, including castings, electrical control panels and small motors, while sourcing motors, engines, seals and other components from established suppliers.

Gorman-Rupp operates approximately 1,415 employees across manufacturing facilities in the United States and internationally. The company maintains 87 percent of its workforce in U.S. locations and 13 percent in international operations across Ireland, the Netherlands, Canada, South Africa and Belgium. The company ships products to approximately 140 countries worldwide and markets through a broad network of distributors, manufacturers' representatives, direct sales channels and e-commerce platforms.

The company's competitive advantages center on proper application engineering, product performance, quality delivery and service. The company benefits from an extensive installed base of previously sold products requiring periodic replacement parts and maintenance services. With an average employee tenure of 12 years, Gorman-Rupp maintains deep institutional knowledge of customer applications and market dynamics. The company has never experienced a work stoppage and maintains a strong workplace culture supporting internal talent development and employee retention.