Gorman-Rupp Company Explained

Traded As:
Russell 2000 Component
Founders:J.C. Gorman
H.E. Rupp

Gorman-Rupp is a pump manufacturer in Mansfield, Ohio.[1] It manufactures pumps for municipal, water, wastewater, sewage, industrial, construction, petroleum, fire, and OEM markets. The company is traded on the New York Stock Exchange.[2] Its current CEO is Scott King.

History

Gorman-Rupp was founded in 1933 by two entrepreneurs, J.C. Gorman and Herb Rupp. Their simplified design of a self-priming, centrifugal pumps would form the core of their initial product line. [3]

The company was contracted by the United States military during the Second World War. Diversifying their product line to include a variety of specialized pumps contributed to significant sales increase and growth in the post-war era.[4]

In 2021, The Gorman-Rupp Company had sales of $378.3 Million and was listed by industrial database IndustrySelect as one of the largest pump manufacturers in the United States. [5] [6]

Products

Pump types offered by Gorman-Rupp include:

Notes and References

  1. Web site: Gorman-Rupp Company . 2022-10-31 . www.gormanrupp.com . en.
  2. Web site: NYSE . 2022-10-31 . www.nyse.com.
  3. Web site: GORMAN-RUPP COMPANY HISTORY TIMELINE . Zippia . Zippia, Inc. . 26 September 2023.
  4. Web site: GORMAN-RUPP COMPANY HISTORY TIMELINE . Zippia . Zippia, Inc. . 26 September 2023.
  5. Web site: BusinessWire; Gorman-Rupp Reports Fourth Quarter and Full-Year 2021 Financial Results . dead . https://web.archive.org/web/20110711113418/http://www.gormanrupp.com/history/pdf/2000s.pdf . 2011-07-11 .
  6. Web site: Top Pump and Pumping Equipment Manufacturers in the U.S. . IndustrySelect . Manufacturers' News, Inc. . 26 September 2023.