Gorman-Rupp (GRC) Misses Q1 EPS by 12c

Gorman-Rupp Reports First Quarter 2015 Financial Results

MANSFIELD, Ohio--(BUSINESS WIRE)-- The Gorman-Rupp Company (NYSE MKT: GRC) reports financial results for the first quarter ended March 31, 2015.

Net sales during the first quarter were $99.2 million compared to $110.1 million during the record first quarter of 2014. Domestic sales decreased 9.3% or $6.6 million and international sales decreased 10.9% or $4.2 million compared to the same period in 2014. Sales in water end markets decreased 11.6% or $9.2 million and sales in non-water end markets decreased 5.3% or $1.6 million during the quarter.

The first quarter decrease in water end market sales was largely due to lower sales in the construction market,... More

Grenville Increases Available Funding to Bluedrop Performance Learning

TORONTO, ONTARIO -- (Marketwired) -- 04/21/15 -- Grenville Strategic Royalty Corp. (TSX VENTURE: GRC) ("Grenville") is pleased to announce that it has increased the funding available to Bluedrop Performance Learning (TSX Venture: BPL) ("Bluedrop") from $1,000,000 to up to $1,650,000, with the additional $650,000 available to be drawn by Bluedrop prior to December 31, 2015. In exchange for the amount advanced, Grenville will receive a royalty based on Bluedrop's gross revenues within Grenville's targeted 1% to 4% royalty range.

"The Bluedrop team worked hard through 2014 to integrate the company's previous acquisitions, and to streamline its operations and working capital... More