Gorman-Rupp Reports Second Quarter 2015 Financial Results

30.07.2015 -

Net sales during the second quarter were $103.9 million compared to $109.7 million during the second quarter of 2014. Domestic sales decreased 10.8% or $8.3 million while international sales increased 7.9% or $2.5 million compared to the same period in 2014. Sales in the water end markets were comparable between periods as they increased $700,000 or 1.0% and sales in non-water end markets decreased 19.2% or $6.5 million during the quarter.

Gorman-Rupp Announces Subsidiary’s Acquisition

06.06.2014 -

The Gorman-Rupp Company announces that its wholly-owned subsidiary, National Pump Company, has completed its purchase of the business of Bayou City Pump, Inc. based in Houston, Texas. During 2013, BCP had approximately $16 million in revenue from sales of its products and services through its Houston, Texas headquarters and its service facility location in Baton Rouge, Louisiana. The terms of the asset purchase agreement are undisclosed.