Exhibit 99 GORMAN-RUPP REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS Mansfield, Ohio – October 25, 2024 – The Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights ● Net sales of $168.2 million increased 0.4%, or $0.7 million, compared to the third quarter of 2023 ● Third quarter net income was $12.9 million, or $0.49 per share, compared to net income of $9.0 million, or $0.34 per share, for the third quarter of 2023 ● Gross ma ...

Company Performance - Gorman-Rupp reported quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.55 per share, but showing an increase from $0.34 per share a year ago, representing an earnings surprise of -10.91% [1] - The company posted revenues of $168.18 million for the quarter ended September 2024, which was 1.54% below the Zacks Consensus Estimate, and a slight increase from $167.46 million year-over-year [1] - Over the last four quarters, Gorman-Rupp has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [1] Stock Performance - Gorman-Rupp shares have increased by approximately 7.2% since the beginning of the year, compared to a 21.8% gain in the S&P 500 [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.45 on revenues of $164.7 million, and for the current fiscal year, it is $1.85 on revenues of $664.29 million [4] - The trend of estimate revisions for Gorman-Rupp is mixed, and future changes in estimates will be closely monitored following the recent earnings report [4] Industry Context - The Manufacturing - General Industrial industry, to which Gorman-Rupp belongs, is currently ranked in the top 41% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, Idex, is expected to report quarterly earnings of $1.89 per share, reflecting a year-over-year decline of 10.9%, with revenues projected at $790.95 million, down 0.3% from the previous year [5]

Group 1 - Gorman-Rupp (GRC) is currently outperforming its peers in the Industrial Products sector, with a year-to-date return of approximately 4.5% compared to the sector average of 1.5% [4] - The Zacks Rank for Gorman-Rupp is 2 (Buy), indicating a positive outlook based on earnings estimate revisions and improving earnings outlooks [3] - Over the past 90 days, the Zacks Consensus Estimate for Gorman-Rupp's full-year earnings has increased by 11.5%, reflecting improved analyst sentiment [4] Group 2 - Gorman-Rupp is part of the Manufacturing - General Industrial industry, which has an average year-to-date gain of 5.3%, indicating that Gorman-Rupp is slightly underperforming its industry [6] - Another stock in the Industrial Products sector, Zurn Water (ZWS), has shown a year-to-date increase of 10.4% and also holds a Zacks Rank of 2 (Buy) [5] - The Manufacturing - Electronics industry, which includes Zurn Water, has performed better with a year-to-date increase of 7.4% [7]

Company Overview - Gorman-Rupp (GRC) is an Industrial Products company headquartered in Mansfield, with a year-to-date price change of -0.17% [3] - The company currently pays a dividend of $0.18 per share, resulting in a dividend yield of 2.03%, which is significantly higher than the Manufacturing - General Industrial industry's yield of 0.09% and the S&P 500's yield of 1.59% [3] Dividend Performance - Gorman-Rupp's annualized dividend of $0.72 has increased by 2.1% from the previous year [4] - Over the last five years, the company has raised its dividend five times, achieving an average annual increase of 6.07% [4] - The current payout ratio is 47%, indicating that the company distributes 47% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - The Zacks Consensus Estimate for Gorman-Rupp's earnings in 2024 is projected at $1.85 per share, reflecting a year-over-year earnings growth rate of 35.04% [5] Investment Considerations - Gorman-Rupp is viewed as an attractive dividend investment, with benefits such as improved stock investing profits and reduced overall portfolio risk [6] - The company holds a Zacks Rank of 2 (Buy), suggesting it is a compelling investment opportunity [7]

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Gorman-Rupp (GRC) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Gorman-Rupp is a member of our Industrial Products group, which includes 218 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best t ...

Investors looking for stocks in the Manufacturing - General Industrial sector might want to consider either Gorman-Rupp (GRC) or Crane (CR) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with str ...

Core Viewpoint - Gorman-Rupp (GRC) is identified as an attractive investment opportunity due to a significant improvement in its earnings outlook, supported by upward revisions in earnings estimates by analysts [4][6][12]. Current-Year Estimate Revisions - For the current quarter, Gorman-Rupp is expected to earn $0.55 per share, reflecting a year-over-year increase of +61.76% [5]. - The full-year earnings estimate stands at $1.85 per share, indicating a change of +35.04% from the previous year [10]. - The trend in estimate revisions for the current year is positive, with one estimate moving higher and no negative revisions, leading to an 11.45% increase in the consensus estimate [14]. Current-Quarter Estimate Revisions - Over the past 30 days, one estimate for Gorman-Rupp has been revised upward, with no negative revisions, resulting in a 17.02% increase in the Zacks Consensus Estimate [13]. Favorable Zacks Rank - Gorman-Rupp currently holds a Zacks Rank 1 (Strong Buy), which is associated with strong performance and positive earnings estimate revisions [6][8]. - The stock has appreciated by 13.9% over the past four weeks, indicating strong investor interest and potential for further upside [12].

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Cautionary Note Regarding Forward-Looking Statements We are exposed to various market risks, including changes in foreign currency exchange rates and interest rates. Exposure to foreign exchange rate risk is due to certain costs and revenue being denominated in currencies other than one of the Company's subsidiaries functional currency. The Company is also exposed to market risk as the result of changes in interest rates which may affect the cost of financing. We continually monitor these risks and regularl ...

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