The Gorman-Rupp Company (GRC) Bundle
A Brief History of The Gorman-Rupp Company (GRC)
Company Overview
Gorman-Rupp Company, founded in Mansfield, Ohio, is a publicly traded manufacturer of pumps and pump systems. Ticker symbol: GRC, listed on NYSE.
Financial Performance
| Fiscal Year | Revenue | Net Income | Earnings Per Share |
|---|---|---|---|
| 2023 | $555.7 million | $47.2 million | $2.56 |
| 2022 | $532.4 million | $45.8 million | $2.48 |
Product Lines
- Wastewater/Sewage Pumps
- Fire Pumps
- Industrial Pumps
- Specialty Pumps
Market Segments
Primary Markets:
- Municipal Infrastructure
- Construction
- Industrial Applications
- Fire Protection
Global Presence
Operations in United States, Canada, Mexico, and international distribution networks.
Corporate Details
Headquarters: Mansfield, Ohio Employees: Approximately 1,600 Founded: 1933
Who Owns The Gorman-Rupp Company (GRC)
Institutional Ownership
As of the latest available data, institutional ownership of Gorman-Rupp Company includes:
| Institutional Investor | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 1,028,403 | 12.7% |
| BlackRock Inc. | 892,541 | 11.0% |
| Dimensional Fund Advisors LP | 614,299 | 7.6% |
Insider Ownership
Key insider ownership details:
- Total insider ownership: 3.2%
- Number of insider shareholders: 8 individuals
- Significant insider shareholders include members of the Gorman family
Major Shareholders
Significant shareholders breakdown:
| Shareholder Category | Percentage of Ownership |
|---|---|
| Institutional Investors | 68.5% |
| Insider Shareholders | 3.2% |
| Retail Investors | 28.3% |
Public Float
Public float details:
- Total shares outstanding: 8,097,000
- Publicly traded shares: 7,843,000
- Stock exchange listing: NASDAQ (GRC)
The Gorman-Rupp Company (GRC) Mission Statement
Company Overview
Gorman-Rupp Company (NYSE: GRC) is a manufacturer of pumps and related products with headquarters in Mansfield, Ohio.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $453.5 million |
| Net Income | $43.2 million |
| Market Capitalization | $825.6 million |
Core Mission Components
- Provide high-quality pump systems for municipal, industrial, and fire protection markets
- Deliver innovative engineering solutions
- Maintain technological leadership in pump manufacturing
Strategic Focus Areas
The company concentrates on:
- Water and wastewater infrastructure solutions
- Specialized pump technologies
- Global market expansion
| Product Category | Market Share |
|---|---|
| Municipal Pumps | 22% |
| Industrial Pumps | 18% |
| Fire Protection Systems | 15% |
Key Performance Metrics
- Dividend Yield: 2.3%
- Return on Equity: 12.7%
- Operating Margin: 14.5%
How The Gorman-Rupp Company (GRC) Works
Company Overview
Gorman-Rupp Company (NYSE: GRC) is headquartered in Mansfield, Ohio. Founded in 1933, the company specializes in manufacturing pumps and pump systems.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $484.7 million |
| Net Income | $45.2 million |
| Market Capitalization | $1.1 billion |
Product Segments
- Municipal Water and Wastewater Pumps
- Fire Protection Pumps
- Construction and Industrial Pumps
- Specialty Pumps
Manufacturing Facilities
| Location | Facility Type |
|---|---|
| Mansfield, Ohio | Headquarters and Primary Manufacturing |
| Ashland, Ohio | Manufacturing Facility |
| Wilmington, North Carolina | Manufacturing Facility |
Global Presence
International Sales: Approximately 15% of total revenue generated from international markets.
Operational Metrics
- Total Employees: 1,200
- Research and Development Investment: $12.3 million in 2023
- Number of Patents: 87 active patents
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (as of January 2024) | $47.62 |
| Dividend Yield | 2.1% |
| Price to Earnings Ratio | 22.3 |
How The Gorman-Rupp Company (GRC) Makes Money
Revenue Streams
Gorman-Rupp Company generates revenue through multiple product lines and market segments:
| Product Category | Annual Revenue (2023) |
|---|---|
| Pump Systems | $384.7 million |
| Wastewater Treatment Equipment | $127.3 million |
| Municipal Water Systems | $98.5 million |
Primary Business Segments
- Domestic Pumps
- Commercial/Industrial Pumps
- Fire Pumps
- Wastewater Treatment Pumps
Financial Performance
Gorman-Rupp reported the following financial metrics for 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $610.2 million |
| Net Income | $52.6 million |
| Gross Profit Margin | 36.4% |
Key Market Sectors
- Water Infrastructure
- Construction
- Mining
- Oil and Gas
- Agriculture
Geographic Revenue Distribution
| Region | Percentage of Revenue |
|---|---|
| United States | 82% |
| International Markets | 18% |
Product Pricing Strategy
Average product pricing ranges from $5,000 to $250,000 depending on pump complexity and application.
The Gorman-Rupp Company (GRC) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.