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 12, 2009

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 OF OPERATIONS AND FINANCIAL CONDITION

     On February 12, 2009, The Gorman-Rupp Company issued a news release announcing its financial results for the fourth quarter and year ended December 31, 2008. 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 12, 2009

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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

February 13, 2009

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EXHIBIT INDEX

Exhibit	Page
(99) News Release dated February 12, 2009		3

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EX-99

Exhibit 99

Page 1

GORMAN-RUPP REPORTS RECORD 2008 SALES AND EARNINGS
WITH WEAKER FOURTH QUARTER

Mansfield, Ohio — February 12, 2009 — The Gorman-Rupp Company (NYSE Alternext: GRC) reports record results for the year ended December 31, 2008. In addition, the Company achieved its thirty-sixth consecutive year of increased cash dividends paid to shareholders.

Net income during 2008 increased 19.0% on an 8.2% increase in net sales. Record 2008 net income was $27,197,000 compared to $22,859,000 in 2007. Net sales were a record $330,646,000 during 2008 compared to $305,562,000 in 2007. Earnings per share were $1.63 and $1.37, respectively.

Sales growth in water and wastewater applications, fire protection, fabricated components and continued strength in international business contributed to the Company’s record year in 2008. The increase in the 2008 earnings principally resulted from the favorable effect of product mix and operating leverage on increased sales during the first three quarters of the year.

Net sales during the fourth quarter 2008 increased 5.4% to $80,993,000 compared to $76,825,000 for the fourth quarter 2007. Fourth quarter 2008 net income was $4,765,000 compared to $5,754,000 in 2007, a decrease of 17.2%, and resulted in fourth quarter earnings per share of $0.29 in 2008, compared to $0.35 in 2007. The unfavorable impact of changes in product mix, computer system upgrade expense and foreign currency exchange rates were primarily responsible for the reduction in fourth quarter 2008 earnings compared to 2007.

The Company’s backlog of orders was $107.8 million at December 31, 2008 compared to $116.4 million at the end of 2007. This decrease of $8.6 million was primarily due to the economic downturn experienced during the fourth quarter. The economic uncertainty facing many companies and municipalities caused several orders to be delayed and in selective instances a few orders to be cancelled.

Capital expenditures of $23.9 million for the previously announced consolidation and expansion of the Mansfield, Ohio facilities have been incurred as of December 31, 2008, of which $21.5 million has been incurred during 2008. The project is expected to be completed by the end of 2009. The Company’s financial position remains strong and no bank financing has been required to date.

Jeffrey S. Gorman, President and CEO said, “Although we are extremely pleased with the record 2008 results, we clearly are now in the midst of a continuing global economic downturn that will be difficult to escape. Lack of consumer, municipal and overall business confidence has affected the purchase of capital goods. Discussions regarding the possible infusion of Federal stimulus dollars, a portion of which may be directed toward water, wastewater and other infrastructure projects, may be positive for some of the markets we serve. In the midst of these uncertainties we will continue to align costs with changing market demand. Consistent with our first 75 years, we remain focused on our core business of manufacturing pumps and providing pumping solutions for fluid handling needs and will continue to position the Company for long-term growth.”

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.

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)
	2008			2007		2008		2007
Net sales	$	80,993		$	76,825	$	330,646	$	305,562
Cost of products sold		64,326			59,804		253,557		238,110
Gross profit		16,667			17,021		77,089		67,452
Selling, general and administrative expenses		10,106			9,499		38,101		34,567
Operating income		6,561			7,522		38,988		32,885
Other income (expense) — net		(297	)		948		1,506		2,498
Income before income taxes		6,264			8,470		40,494		35,383
Income taxes		1,499			2,716		13,297		12,524
Net income	$	4,765		$	5,754	$	27,197	$	22,859
Basic and diluted earnings per share	$	0.29		$	0.35	$	1.63	$	1.37

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

	December 31,		December 31,
	2008		2007
Assets
Cash and short-term investments	$	23,793	$	30,190
Accounts receivable — net		48,200		47,256
Inventories		56,881		53,223
Deferred income taxes and other current assets		5,392		4,619
Total current assets		134,266		135,288
Property, plant and equipment — net		80,406		59,970
Deferred income taxes and other assets		16,866		16,276
Total assets	$	231,538	$	211,534
Liabilities and shareholders’ equity
Accounts payable	$	15,878	$	14,162
Accrued liabilities and expenses		19,691		19,319
Total current liabilities		35,569		33,481
Deferred and other long-term income taxes		1,322		1,432
Retirement benefits		11,421		—
Postretirement benefits		24,020		26,661
Minority interest		618		520
Shareholders’ equity		158,588		149,440
Total liabilities and shareholders’ equity	$	231,538	$	211,534
Shares outstanding		16,707,535		16,703,035

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