8-K

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): February 15, 2008

THE GORMAN-RUPP COMPANY

(Exact Name of Registrant as Specified in its Charter)

                    Ohio                    
(State or Other Jurisdiction of Incorporation)

1-6747	34-0253990
(Commission File Number)	(I.R.S. Employee Identification No.)

305 Bowman Street, Mansfield, Ohio	44903
(Address of Principal Executive Offices)	(Zip Code)

                    (419) 755-1011                    
(Registrant’s Telephone Number, Including Area Code)

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 OPERATIONS AND FINANCIAL CONDITION

     On February 15, 2008, The Gorman-Rupp Company issued a news release announcing its financial results for the fourth quarter and year ended December 31, 2007. 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 February 15, 2008

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
February 19, 2008	Corporate Counsel and Secretary

EXHIBIT INDEX

Exhibit		Page
(99)	News Release dated February 15, 2008		3

-2-

EX-99

Exhibit 99

Page 1

GORMAN-RUPP REPORTS RECORD PERFORMANCE FOR 2007

Mansfield, Ohio — February 15, 2008 — The Gorman-Rupp Company (AMEX:GRC) reported record net sales of $305,562,000 for the year ending December 31, 2007, compared to $270,910,000 in 2006, an increase of 12.8%. Net income increased 19.9% in 2007 and was a record $22,859,000 compared to $19,072,000 in 2006. Record earnings per share were $1.37 for 2007 compared to $1.14 in 2006, after adjusting for a 5-for-4 split effective December 10, 2007.

Net sales in the fourth quarter 2007 increased 18.0% to a record $76,825,000 compared to $65,085,000 in the fourth quarter 2006. Fourth quarter 2007 net income was $5,754,000, more than double the $2,423,000 during the fourth quarter of 2006. Record 2007 fourth quarter earnings per share were $0.35 compared to $0.14 in 2006, an increase of $0.21 per share.

The Company’s backlog of orders was $116.4 million at December 31, 2007, an increase of 6.3% compared to the previous backlog of $109.5 million at the end of 2006. Nearly all of the backlog is scheduled to ship during 2008.

Growth in the international, fire protection, flood control, water/wastewater and government markets contributed to the Company’s 2007 success. Patterson Pump Company, a wholly-owned subsidiary of the Company, continued on a very strong track in 2007, highlighted by an order for large pumps for flood control in New Orleans.

During the fourth quarter 2007 the Company distributed a 5-for-4 stock split to shareholders and increased the quarterly cash dividend 4.2% to $0.10 per share. 2007 marked the 35th consecutive year the Company has increased cash dividends to shareholders.

“We are extremely pleased with the 2007 results” said Jeffrey S. Gorman, President and CEO. “Our market diversification across the fluid handling industry continues to position us well as we move forward. We remain optimistic that 2008 will be another successful year for the Company, despite news reports of a weakening economy”.

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

For information contact Robert E. Kirkendall, Senior Vice President & CFO, Telephone (419) 755-1294.

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.

Exhibit 99

Page 2

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

	Three Months Ended December 31,				Twelve Months Ended December 31,
	(unaudited)
	2007		2006		2007		2006
Net sales	$	76,825	$	65,085	$	305,562	$	270,910
Cost of products sold		59,804		53,536		238,110		212,234
Gross Profit		17,021		11,549		67,452		58,676
Selling, general and administrative expenses		9,499		8,483		34,567		32,411
Operating Income		7,522		3,066		32,885		26,265
Other income (expense) — net		948		457		2,498		1,461
Income Before Income Taxes		8,470		3,523		35,383		27,726
Income taxes		2,716		1,100		12,524		8,654
Net Income	$	5,754	$	2,423	$	22,859	$	19,072
Basic and Diluted Earnings Per Share	$	0.35	$	0.14	$	1.37	$	1.14

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

	December 31,		December 31,
	2007		2006
Assets
Cash and short-term investments	$	30,190	$	16,855
Accounts receivable — net		47,256		45,135
Inventories — net		53,223		50,299
Deferred income taxes and other current assets		4,619		7,829
Total Current Assets		135,288		120,118
Property, Plant and Equipment — Net		59,970		52,351
Deferred income taxes and other assets		16,276		15,071
Total Assets	$	211,534	$	187,540
Liabilities and Shareholders’ Equity
Accounts payable	$	14,162	$	10,417
Accrued liabilities and expenses		19,319		17,229
Total Current Liabilities		33,481		27,646
Deferred and Other Long-term Income Taxes		1,432		—
Retirement Benefits		—		4,185
Postretirement Benefits		26,661		27,567
Minority Interest		520		—
Shareholders’ Equity		149,440		128,142
Total Liabilities and Shareholders’ Equity	$	211,534	$	187,540
Shares outstanding		16,703,035		16,699,285

Shares outstanding and per share data reflect the 5 for 4 stock split effective December 10, 2007.