Gorman-Rupp (GRC) Declares $0.10 Quarterly Dividend; 1.5% Yield
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July 24, 2015 8:50 AM EDT
MANSFIELD, Ohio--(BUSINESS WIRE)--
The Board of Directors of The Gorman-Rupp Company (NYSE MKT: GRC) has
declared a quarterly cash dividend of $0.10 per share on the common
stock of the Company, payable September 10, 2015, to shareholders of
record August 14, 2015. This marks the 262nd consecutive... More
July 24, 2015 8:47 AM EDT
MANSFIELD, Ohio--(BUSINESS WIRE)--
The Gorman-Rupp Company (NYSE MKT: GRC) reports financial results for
the second quarter and six months ended June 30, 2015.
Net sales during the second quarter were $103.9 million compared to
$109.7 million during the second quarter of 2014. Domestic sales
decreased 10.8% or $8.3 million while international sales increased 7.9%
or $2.5 million compared to the same period in 2014. Sales in the water
end markets were comparable between periods as they increased $700,000
or 1.0% and sales in non-water end markets decreased 19.2% or $6.5
million during the quarter. Of the total $5.8 million decrease in net
sales in the second quarter,... More
