GORMAN-RUPP REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Exhibit 99 Mansfield, Ohio – April 25, 2024 – The Gorman-Rupp Company (NYSE: GRC) reports financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Net sales for the first quarter of 2024 were $159.3 million compared to net sales of $160.5 million for the first quarter of 2023, a decrease of 0.7% or $1.2 million. Domestic sales increased 1.1%, or $1.3 million, and international sales decreased 6.2%, or $2.5 million, c ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number 1-6747 THE GORMAN-RUPP COMPANY (Exact name of Registrant as specified in its charter) Ohio 34-0253990 (State or other jurisdic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6747 The Gorman-Rupp Company (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or org ...

Financial Performance - The company's net sales for Q2 2023 were $171.0 million, an increase of 43.6% compared to $119.1 million in Q2 2022, with domestic sales up 50.3% and international sales up 26.8%[59]. - Net sales for the first six months of 2023 were $331.5 million, an increase of 49.8% or $110.3 million compared to $221.2 million in the same period of 2022[68]. - Domestic sales increased by 57.2% or $90.3 million, while international sales rose by 31.5% or $20.0 million compared to the first half of 2022[68]. - Fill-Rite sales contributed $42.9 million in Q2 2023, a significant increase from $13.5 million in the same period of 2022, reflecting a 216.7% growth[60]. - Fill-Rite sales were $82.8 million for the first six months of 2023, a significant increase from $13.5 million in the same period of 2022, contributing to overall sales growth[69]. Profitability - Gross profit for Q2 2023 was $51.7 million, resulting in a gross margin of 30.2%, up from $28.2 million and 23.7% in Q2 2022, reflecting a 650 basis point increase[61]. - Gross profit was $97.2 million with a gross margin of 29.3%, up from $53.7 million and 24.3% in the same period of 2022, reflecting a 500 basis point increase in gross margin[70]. - Operating income surged to $24.3 million in Q2 2023, a 735.3% increase from $2.9 million in Q2 2022, with an operating margin of 14.2%[64]. - Operating income for the first six months of 2023 was $43.4 million, resulting in an operating margin of 13.1%, compared to $12.4 million and 5.6% in the same period of 2022[74]. - Net income for Q2 2023 was $10.5 million, or $0.40 per share, compared to a net loss of $1.0 million, or ($0.04) per share, in Q2 2022, marking a 1151.9% increase[66]. - Net income was $17.0 million, or $0.65 per share, for the first six months of 2023, compared to $6.5 million, or $0.25 per share, in the same period of 2022, representing a 159.6% increase[76]. - Reported net income for Q2 2023 was $10.5 million, compared to a loss of $1.0 million in Q2 2022, representing a significant turnaround[80]. - Non-GAAP adjusted earnings per share for Q2 2023 increased to $0.41 from $0.27 in Q2 2022, reflecting a growth of 51.9%[80]. - Adjusted earnings per share for the first six months of 2023 were $0.68, compared to $0.56 in the same period of 2022, reflecting an unfavorable LIFO impact[77]. Expenses and Debt - SG&A expenses were $24.2 million, or 14.1% of net sales, for Q2 2023, compared to $24.1 million and 20.3% of net sales in Q2 2022, reflecting improved leverage from increased sales[62]. - Selling, general and administrative (SG&A) expenses were $47.4 million, or 14.3% of net sales, compared to $39.9 million and 18.1% in the same period of 2022[71]. - Interest expense increased to $10.5 million in Q2 2023 from $2.3 million in Q2 2022, primarily due to the Fill-Rite acquisition and rising interest rates[65]. - Interest expense increased to $20.7 million for the first six months of 2023, compared to $2.3 million in the same period of 2022, primarily due to the Fill-Rite acquisition financing[75]. - Total debt outstanding as of June 30, 2023, was $439.5 million, with compliance to debt covenants maintained[82]. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the first half of 2023 was $37.9 million, a significant increase from $6.7 million in the same period last year[86]. - Capital expenditures for the first half of 2023 were $13.3 million, with full-year expectations set between $18 million and $20 million[83]. - Cash and cash equivalents at the end of Q2 2023 totaled $12.2 million, with an additional $80.9 million available under the revolving credit facility[81]. Dividends and Share Repurchase - The company authorized a quarterly dividend of $0.175 per share, marking the 294th consecutive quarterly dividend payment[56]. - A share repurchase program of up to $50 million was authorized, with $48.1 million available for repurchase as of June 30, 2023[85]. - The company expects to continue its history of paying regular dividends and aims to improve cash flow and debt leverage in the future[58]. Other Considerations - The company's backlog of orders was $249.8 million as of June 30, 2023, down from $264.7 million a year earlier, but incoming orders increased by 12.0% to $321.0 million in the first half of 2023[55]. - Foreign currency transaction losses for the first half of 2023 were $0.4 million, compared to gains of $0.1 million in the same period of 2022[96]. - A hypothetical increase of 100 basis points in interest rates would increase interest expense by approximately $2.7 million annually[95].

or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6747 The Gorman-Rupp Company (Exact name of registrant as specified in its charter) | Ohio | 34-0253990 | | --- | --- | | (State or other ju ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 1-6747 THE GORMAN-RUPP COMPANY (Exact name of Registrant as specified in its charter) (State or other jurisdiction of Ohio 34-0 ...

Financial Performance - Adjusted earnings per share for 2019 were $1.37, a decrease of 10.5% from $1.53 in 2018[79] - Net sales for 2019 were $398.2 million, down 3.9% or $16.1 million compared to $414.3 million in 2018[86] - Gross profit for 2019 was $102.7 million, resulting in a gross margin of 25.8%, down from 26.5% in 2018[87] - Operating income decreased by 13.4% to $43.8 million, with an operating margin of 11.0% compared to 12.2% in 2018[103] - Net income for 2019 was $35.8 million, a decrease of 10.4% from $40.0 million in 2018[104] - Free cash flow for 2019 was $33.6 million, a significant recovery from a negative $8.8 million in 2018[125] Sales Breakdown - Domestic sales increased by 1.3% or $3.5 million, while international sales decreased by 13.8% or $19.6 million[86] - Net sales for 2018 were $414.3 million, an increase of 9.2% or $34.9 million compared to 2017[109] - International sales in 2018 were $142.5 million, representing 34.4% of total sales, a decrease from 36.3% in 2017[112] Expenses and Margins - Selling, general and administrative expenses for 2018 were $59.3 million, or 14.3% of net sales, down from 14.6% in 2017[115] - Operating income for 2018 was $50.6 million, with an operating margin of 12.2%, an increase of 1.2 percentage points from 2017[116] Tax and Credits - The effective tax rate for 2019 was 20.7%, slightly up from 20.5% in 2018, benefiting from higher research and development tax credits[104] - The company's effective income tax rate was 20.7% for 2019, down from 32.6% in 2017, primarily due to the Tax Cuts and Jobs Act[147] - The company has completed its accounting for the tax effects of the Tax Cuts and Jobs Act as of December 31, 2018[148] Capital Expenditures - Capital expenditures for 2020 are planned to be in the range of $15-$18 million, primarily for building improvements and machinery purchases[85] - Capital expenditures for 2020 are estimated to be in the range of $15-$18 million, primarily for machinery and equipment[122] Order Backlog - The company's backlog of orders was $105.0 million at December 31, 2019, down 7.7% from $113.7 million at the end of 2018[92] Pension and Benefits - The company expects to contribute up to $2 million to its defined benefit pension plan in 2020[124] - The discount rates used to value pension plan obligations were 2.83% and 3.94% at December 31, 2019 and 2018, respectively[143] - A one percentage point increase in the assumed health care trend would increase postretirement expense by approximately $0.3 million[146] Asset Valuation - Goodwill related to the National Pump Company reporting unit represents 4% of the company's total assets as of December 31, 2019[160] - The fair value of indefinite-lived intangible assets exceeded their carrying values for both 2019 and 2018[162] Other Financial Metrics - The company generated $58.9 million in adjusted earnings before interest, taxes, depreciation, and amortization in 2019[84] - The estimated allowance for bad debts is based on the length of time receivables are past due, with historical collection rates being good[139] - The company has not experienced substantive write-offs due to inventory obsolescence, using the last-in, first-out (LIFO) method for inventory valuation[140] - The company recorded foreign currency transaction gains of $0.1 million for the year ending December 31, 2019, compared to losses of $(0.8) million in 2018[165] - The company estimates profit on long-term contracts based on total estimated revenue and expected costs, with adjustments made under the cumulative catch-up method[138]