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 27, 2011

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 27, 2011, The Gorman-Rupp Company issued a news release announcing its financial results for the third quarter ended September 30, 2011. This news release is included as Exhibit 99 and is being furnished, not filed, with this Current Report on Form 8-K.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit
	(99	)	News Release dated October 27, 2011

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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

October 31, 2011

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EXHIBIT INDEX

Exhibit				Page
	(99	)	News Release dated October 27, 2011		5

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EX-99

Exhibit 99

GORMAN-RUPP REPORTS RECORD BACKLOG AND RECORD THIRD
QUARTER AND NINE MONTHS 2011 REVENUE AND EARNINGS

Mansfield, Ohio — October 27, 2011 — The Gorman-Rupp Company (NYSE Amex: GRC) reports net sales and earnings for the third quarter and nine months ended September 30, 2011. Results for 2011 include the operations of National Pump Company acquired October 1, 2010.

Net sales during the quarter ended September 30, 2011 increased 22.0% to a third quarter record $90,215,000 compared to $73,953,000 during the same period in 2010. Net income increased 24.4% to a third quarter record $7,655,000 compared to $6,155,000 in the September 30, 2010 quarter. Earnings per share were $0.37 and $0.29 for the respective periods, an increase of 27.6%.

Net sales for the nine months ended September 30, 2011 increased 25.6% to a nine months record $266,448,000 compared to $212,119,000 during the same period in 2010. Net income increased 45.3% to a nine months record $23,699,000 compared to $16,308,000 in the first nine months of 2010. Earnings per share were $1.13 and $0.78 for the respective periods.

Sales during the quarter were positively impacted by the global economy compared to a year ago, plus the addition of National Pump Company. Primary increases were in sales to the industrial, agricultural and construction markets, partially offset by a reduction in fire protection market sales from strong levels last year.

Incoming orders resulted in a record backlog of $157.9 million at September 30, 2011, a 50.9% increase from a year ago and 47.0% higher than the backlog of $107.4 million at December 31, 2010. Current quarter orders included additional flood control pump projects which generally require longer lead times than other Company products.

The comparative increases in earnings for the quarter and nine months principally reflect operating leverage benefits from the higher volume of sales and continuation of a favorable mix of shipments across the Company’s diverse products and markets.

The Company continues to maintain a strong and liquid balance sheet with $27.8 million in cash and short-term investments. Additionally, working capital increased 17.7% from December 31, 2010 to $98.3 million at September 30, 2011. During the quarter, an additional $5.0 million of borrowings used to finance the acquisition of National Pump Company were re-paid.

Jeffrey S. Gorman, President and CEO said, “We are pleased to again announce strong financial results based on current year sales increases across most of the markets the Company serves and related improved operating margins. Additionally, our National Pump Company acquisition in late 2010 continues to perform very well. While confidence in the strength of a solid global economic recovery seems to be fading, we are encouraged by our record backlog and level of business so far this year, and we remain confident as we move into the fourth quarter and the first-half of 2012.”

David P. Emmens
Corporate Secretary
The Gorman-Rupp Company
Telephone (419) 755-1477
NYSE Amex: GRC

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,
	2011			2010		2011			2010
Net sales	$	90,215		$	73,953	$	266,448		$	212,119
Cost of products sold		67,748			55,298		198,346			160,729
Gross profit		22,467			18,655		68,102			51,390
Selling, general and administrative expenses		10,941			9,401		32,436			26,535
Operating income		11,526			9,254		35,666			24,855
Other income (expense) — net		(324	)		3		(421	)		(388	)
Income before income taxes		11,202			9,257		35,245			24,467
Income taxes		3,547			3,102		11,546			8,159
Net income	$	7,655		$	6,155	$	23,699		$	16,308
Earnings per share	$	0.37		$	0.29	$	1.13		$	0.78

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

	September 30,		December 31,
	2011		2010
Assets
Cash and short-term investments	$	27,774	$	34,246
Accounts receivable — net		54,841		51,996
Inventories		72,003		51,449
Deferred income taxes and other current assets		4,424		5,503
Total current assets		159,042		143,194
Property, plant and equipment — net		114,322		113,526
Prepaid pension and other assets		7,368		3,545
Goodwill and other intangible assets		25,717		26,442
Total assets	$	306,449	$	286,707
Liabilities and shareholders’ equity
Accounts payable	$	16,321	$	12,042
Short-term debt		15,000		25,000
Accrued liabilities and expenses		29,419		22,636
Total current liabilities		60,740		59,678
Postretirement benefits		22,502		22,241
Deferred and other income taxes		4,952		4,954
Shareholders’ equity		218,255		199,834
Total liabilities and shareholders’ equity	$	306,449	$	286,707
Shares outstanding		20,990,893		20,984,893

Shares outstanding and per share data reflect the 5 for 4 stock split effective June 10, 2011.

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