Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting
27 Janeiro 2025 - 8:30AM
Business Wire
The Board of Directors of The Gorman-Rupp Company (NYSE: GRC)
has declared a quarterly cash dividend of $0.185 per share on the
common shares of the Company, payable March 10, 2025, to
shareholders of record February 14, 2025. This action will mark the
300th consecutive quarterly dividend paid by The Gorman-Rupp
Company.
Other action taken by the Board of Directors of The Gorman-Rupp
Company was the announcement of the Annual Meeting of Shareholders
scheduled to be held Thursday, April 24, 2025, and the related
establishment of the close of business on February 24, 2025 as the
record date for shareholders entitled to notice of and to vote at
the meeting. The meeting will be in a virtual format only via
webcast at 10:00 a.m. Eastern time.
About The Gorman-Rupp Company
Founded in 1933, The Gorman-Rupp Company is a leading designer,
manufacturer and international marketer of pumps and pump systems
for use in diverse water, wastewater, construction, dewatering,
industrial, petroleum, original equipment, agriculture, fire
suppression, heating, ventilating and air conditioning (HVAC),
military and other liquid-handling applications.
Forward-Looking Statements
In connection with the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, The Gorman-Rupp Company
provides the following cautionary statement: This news release
contains various forward-looking statements based on assumptions
concerning The Gorman-Rupp Company’s operations, future results and
prospects. These forward-looking statements are based on current
expectations about important economic, political, and technological
factors, among others, and are subject to risks and uncertainties,
which could cause the actual results or events to differ materially
from those set forth in or implied by the forward-looking
statements and related assumptions. Such uncertainties include, but
are not limited to, our estimates of future earnings and cash
flows, general economic conditions and supply chain conditions and
any related impact on costs and availability of materials,
retention of supplier and customer relationships and key employees,
and the ability to service and repay indebtedness. Other factors
include, but are not limited to: company specific risk factors
including (1) loss of key personnel; (2) intellectual property
security; (3) acquisition performance and integration; (4) the
Company’s indebtedness and how it may impact the Company’s
financial condition and the way it operates its business; (5)
general risks associated with acquisitions; (6) the anticipated
benefits from the Fill-Rite transaction may not be realized; (7)
impairment in the value of intangible assets, including goodwill;
(8) defined benefit pension plan settlement expense; (9) LIFO
inventory method, and (10) family ownership of common equity; and
general risk factors including (11) continuation of the current and
projected future business environment; (12) highly competitive
markets; (13) availability and costs of raw materials and labor;
(14) cyber security threats; (15) compliance with, and costs
related to, a variety of import and export laws and regulations;
(16) environmental compliance costs and liabilities; (17) exposure
to fluctuations in foreign currency exchange rates; (18) conditions
in foreign countries in which The Gorman-Rupp Company conducts
business; (19) changes in our tax rates and exposure to additional
income tax liabilities; and (20) risks described from time to time
in our reports filed with the Securities and Exchange Commission.
Except to the extent required by law, we do not undertake and
specifically decline any obligation to review or update any
forward-looking statements or to publicly announce the results of
any revisions to any of such statements to reflect future events or
developments or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20250127523874/en/
Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company
Telephone (419) 755-1246
For additional information, contact James C. Kerr, Chief
Financial Officer, Telephone (419) 755-1548.
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