Core Points - The Gorman-Rupp Company has declared a quarterly cash dividend of $0.19 per share, representing a 2.7% increase from the previous quarter's dividend of $0.185 per share [1][2] - This marks the 303rd consecutive quarterly dividend and the 53rd consecutive year of increased dividends, placing Gorman-Rupp among the top 50 U.S. public companies for dividend payments [2] Company Overview - Founded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer, and international marketer of pumps and pump systems for various applications including water, wastewater, construction, and industrial uses [3]

Core Insights - The Gorman-Rupp Company reported a net sales increase of 2.8% to $172.8 million for Q3 2025 compared to Q3 2024, driven by growth in various markets, particularly industrial and municipal [2][6][12] - The company undertook facility optimization, reducing the number of National Pump Company operating facilities from six to three, which is expected to yield annualized savings of $2.0 to $2.5 million [1][21] - Net income for Q3 2025 was $11.3 million, or $0.43 per share, down from $12.9 million, or $0.49 per share in Q3 2024, with adjusted earnings per share increasing to $0.52 [6][10][18] Financial Performance - Gross profit for Q3 2025 was $50.4 million, resulting in a gross margin of 29.2%, down from 31.3% in Q3 2024, impacted by facility optimization costs and increased material costs [4][7] - Selling, general and administrative expenses were $25.9 million, representing 15.0% of net sales, slightly improved from 15.3% in Q3 2024 [5][14] - Operating income for Q3 2025 was $21.5 million, with an operating margin of 12.4%, compared to $23.9 million and 14.2% in Q3 2024 [5][7] Market Dynamics - Sales growth was noted across most markets, with significant increases in the industrial market ($5.3 million) and municipal market ($2.1 million), while the construction market saw a decline of $4.6 million [3][12] - Incoming orders for Q3 2025 reached $184.5 million, a 19.2% increase compared to the same quarter last year, indicating strong demand across various sectors [6][19] Year-to-Date Highlights - For the first nine months of 2025, net sales were $515.8 million, up 3.8% from $497.0 million in the same period of 2024 [11] - Year-to-date net income was $39.3 million, or $1.49 per share, compared to $29.1 million, or $1.11 per share in the first nine months of 2024 [18] - The company's backlog of orders increased to $234.2 million as of September 30, 2025, compared to $206.0 million at the end of 2024 [19]