8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 28, 2010

THE GORMAN-RUPP COMPANY

(Exact name of registrant as specified in its charter)

Ohio	1-6747	34-0253990
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

600 South Airport Road, Mansfield, Ohio	44903
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (419) 755-1011

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On October 28, 2010, The Gorman-Rupp Company issued a news release announcing its financial results for the third quarter ended September 30, 2010. This news release is included as Exhibit 99 and is being furnished, not filed, with the Current Report on Form 8-K.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit
	(99	)	News Release dated October 28, 2010

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE GORMAN-RUPP COMPANY
By:	/s/ David P. Emmens
	David P. Emmens
	Corporate Counsel and Secretary

November 1, 2010

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EXHIBIT INDEX

Exhibit				Page
	(99	)	News Release dated October 28, 2010		5

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EX-99

Exhibit 99

GORMAN-RUPP REPORTS THIRD QUARTER AND NINE MONTH 2010 RESULTS

Mansfield, Ohio – October 28, 2010 – The Gorman-Rupp Company (NYSE Amex: GRC) reports net sales and earnings for the third quarter and nine months ended September 30, 2010.

Net sales during the third quarter ended September 30, 2010 increased 15.4% to $73,953,000 compared to $64,096,000 during the same period in 2009. Net income increased 18.9% to $6,155,000 compared to $5,177,000 in the third quarter 2009. Earnings per share were $0.37 and $0.31 for the respective periods.

Net sales for the nine months ended September 30, 2010 increased 4.0% to $212,119,000 compared to $204,039,000 during the same period in 2009. Net income increased 12.1% to $16,308,000 compared to $14,550,000 in the first nine months of 2009. Earnings per share, respectively, were $0.98 and $0.87 for the two periods.

The increase in net sales during the quarter continued to be positively impacted by the slowly rebounding global economy and is due primarily to increases in sales to the international fire protection market, the municipal market, and the construction, rental and industrial markets, partially offset by decreased sales in the OEM market.

The 19.8% increase in operating income and the increase in earnings for the quarter reflect the impact of the $9.9 million of increased sales and the ongoing benefits of cost savings and operating efficiencies initiated in 2009 and continuing in 2010. Offsetting the impact of increased sales and cost savings were increases in LIFO expense of $0.04 per share primarily due to the partial liquidation of LIFO quantities during the third quarter 2009 as a result of reduced inventory levels, and overtime compensation of $0.03 per share associated with meeting increased customer demand during the quarter.

The Company’s backlog of orders increased to $104.6 million at September 30, 2010 compared to $85.2 million a year ago and $93.7 million at December 31, 2009. The increase from September 30, 2009 was largely due to orders arising from the custom pump, wastewater, rental and international fire protection markets.

Jeffrey S. Gorman, President and CEO said, “The Company has again experienced increasingly positive financial results during this quarter and we remain cautiously optimistic that improving business conditions will continue. As we begin the fourth quarter, we are very pleased to have completed the National Pump Company acquisition which will complement and broaden our existing pump portfolio and provide opportunities for expansion of our markets.”

Released by David P. Emmens, Corporate Secretary, Telephone (419) 755-1477.

For additional information contact Wayne L. Knabel, Chief Financial Officer, Telephone (419) 755-1397.

The Gorman-Rupp company designs, manufactures and sells pumps and related equipment (pumps and motor controls) for use in water, wastewater, construction, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid handling applications.

The Gorman-Rupp Company and Subsidiaries
Condensed Consolidated Statements of Income (Unaudited)
(in thousands of dollars, except per share data)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2010		2009		2010			2009
Net sales	$	73,953	$	64,096	$	212,119		$	204,039
Cost of products sold		55,298		47,996		160,729			156,804
Gross profit		18,655		16,100		51,390			47,235
Selling, general and administrative expenses		9,401		8,373		26,535			26,151
Operating income		9,254		7,727		24,855			21,084
Other income (expense) — net		3		78		(388	)		791
Income before income taxes		9,257		7,805		24,467			21,875
Income taxes		3,102		2,628		8,159			7,325
Net income	$	6,155	$	5,177	$	16,308		$	14,550
Basic and diluted earnings per share	$	0.37	$	0.31	$	0.98		$	0.87

The Gorman-Rupp Company and Subsidiaries
Condensed Consolidated Balance Sheets
(in thousands of dollars)

	Unaudited
	September 30,		December 31,
	2010		2009
Assets
Cash and short-term investments	$	42,120	$	45,908
Accounts receivable — net		49,644		37,239
Inventories		39,287		40,506
Deferred income taxes and other current assets		5,517		7,747
Total current assets		136,568		131,400
Property, plant and equipment — net		107,535		108,523
Deferred income taxes and other assets		10,081		9,149
Total assets	$	254,184	$	249,072
Liabilities and shareholders’ equity
Accounts payable	$	12,299	$	8,972
Short-term debt		—		15,000
Accrued liabilities and expenses		27,264		19,203
Total current liabilities		39,563		43,175
Income taxes payable		971		971
Retirement benefits		1,930		5,044
Postretirement benefits		22,982		22,270
The Gorman-Rupp Company shareholders’ equity		188,007		176,905
Noncontrolling interest		731		707
Total shareholders’ equity		188,738		177,612
Total liabilities and shareholders’ equity	$	254,184	$	249,072
Shares outstanding		16,688,535		16,710,535

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