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): April 23, 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 April 23, 2009, The Gorman-Rupp Company issued a news release announcing its financial results for the first quarter ended March 31, 2009. 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 April 23, 2009

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

April 27, 2009

EXHIBIT INDEX

Exhibit	Page
(99) News Release dated April 23, 2009		3

-2-

EX-99

Exhibit 99
Page 1

GORMAN-RUPP REPORTS FIRST QUARTER 2009 RESULTS

Mansfield, Ohio — April 23, 2009 — The Gorman-Rupp Company (NYSE Amex: GRC) reports net sales during the first quarter ended March 31, 2009 decreased 12.1% to $71,598,000 from $81,434,000 during the same period in 2008. Net income during the quarter was $4,506,000, a decrease of 37.0% compared to $7,152,000 in 2008. Earnings per share were $0.27 and $0.43, respectively.

The decline in sales resulted from the continuing impact of the global economic downturn and affected most of the markets the Company serves. The decline in earnings principally reflects decreased operating leverage on the lower volume of operations and increased pension expense.

The Company’s backlog of orders was $91.8 million at March 31, 2009 compared to $116.6 million a year ago and $107.8 million at December 31, 2008. These decreases from March 31, 2008 were due to the worldwide recession which the Company began experiencing during the fourth quarter of 2008. The economic uncertainty facing most companies and municipalities has caused some orders to be delayed, deferred or cancelled.

In response to the current economic reality, the Company expanded several initiatives during the quarter to help adjust cost structures to current operating levels. Production plans have been realigned to match current demand. The Company stopped adding new personnel at all locations and some locations reduced personnel. Also, temporary personnel and overtime were eliminated and compensation reductions have been put in place for salary and hourly workers at locations where appropriate.

Capital expenditures totaling $30.1 million for the previously announced consolidation and expansion of the Mansfield, Ohio facilities have been incurred as of March 31, 2009, of which $6.2 million was incurred in 2009. During the quarter the Company borrowed $5.7 million under an unsecured loan agreement to partially finance this construction project which is expected to be completed by the end of 2009.

The Company is pleased to have been recognized again as one of the “Top 100 public companies that have displayed the highest corporate integrity” by Audit Integrity, Inc.

Jeffrey S. Gorman, President and CEO said, “While our financial performance was impacted by the decline in spending in the capital goods sector, we have implemented measures to allow us to remain financially sound during this period of unusual economic uncertainty. We remain optimistic that the infusion of Federal stimulus dollars targeted toward water, wastewater and other infrastructure projects will be positive for some of the markets we serve. We are continuing to provide high quality products with timely deliveries and we remain confident over the longer term.”

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

For information contact Robert E. Kirkendall, Senior Vice President & Chief Financial Officer, Telephone (419) 755-1294, or Wayne L. Knabel, Vice President Finance, Telephone (419) 755-1397.

Exhibit 99
Page 2

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

	Three Months Ended March 31,
	2009		2008
Net sales	$	71,598	$	81,434
Cost of products sold		56,253		61,590
Gross profit		15,345		19,844
Selling, general and administrative expenses		8,988		9,499
Operating income		6,357		10,345
Other income (expense) — net		511		543
Income before income taxes		6,868		10,888
Income taxes		2,362		3,736
Net income	$	4,506	$	7,152
Basic and diluted earnings per share	$	0.27	$	0.43

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

	Unaudited
	March 31,		December 31,
	2009		2008
Assets
Cash and short-term investments	$	30,476	$	23,793
Accounts receivable — net		43,859		48,200
Inventories		52,423		56,881
Deferred income taxes and other current assets		2,573		5,392
Total current assets		129,331		134,266
Property, plant and equipment — net		87,698		80,406
Deferred income taxes and other assets		16,791		16,866
Total assets	$	233,820	$	231,538
Liabilities and shareholders’ equity
Accounts payable	$	10,147	$	15,878
Short-term debt		5,671		—
Accrued liabilities and expenses		19,687		19,691
Total current liabilities		35,505		35,569
Deferred and other long-term income taxes		1,320		1,322
Retirement benefits		10,876		11,421
Postretirement benefits		24,292		24,020
The Gorman-Rupp Company shareholders’ equity		161,214		158,588
Noncontrolling interest		613		618
Total shareholders’ equity		161,827		159,206
Total liabilities and shareholders’ equity	$	233,820	$	231,538
Shares outstanding		16,707,535		16,707,535