GORMAN RUPP CO

The Gorman-Rupp Company held its Annual Meeting on April 23, 2026, where shareholders elected nine directors, approved executive officer compensation on an advisory basis, and ratified Ernst & Young LLP as independent accountants for 2026. Following the meeting, the independent Directors appointed Donald H. Bullock, Jr. as Lead Independent Director, succeeding M. Ann Harlan, who will continue to serve on the Board.

GORMAN RUPP CO (GRC) reported a significant increase in net income for Q1 2026, rising 47.1% to $17.8 million, with EPS of $0.68. Net sales grew 7.7% to $176.6 million, driven by volume growth and pricing increases. Operating income increased 24.2% to $27.5 million, with gross margin expanding by 180 basis points. The company also authorized a quarterly dividend of $0.19 per share and reported a 5.5% increase in incoming orders, leading to a higher backlog.