Gorman-rupp Company (the) · NYSE:GRC
Gorman-rupp Company (the) — The Gorman-Rupp Company — Q4 2025 Earnings Presentation
53 slides from Gorman-rupp Company (the)'s earnings presentation, February 2026
Slide 1: Investor Presentation
INVESTOR PRESENTATION February 2026 FEBRUARY FEBRUARY2026 2026PRESENTATION PRESENTATION 1
Slide 2: Forward-Looking Statements
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 presentation contains various forward-looking statements based on assumptions concerning The G
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Leading designer and manufacturer of pumps and pump systems with over 90 years of experience Reputation for quality products and outstanding customer first service is a competitive advantage Primarily U.S. based supply chain and manufacturing Highly diversified markets and prod
Slide 4: Company History
COMPANY HISTORY 1933 - Company founded with $1,500 initial – and only – capital investment 1956 - First international expansion – established Canadian manufacturing facility 1968 - Publicly listed (American Stock Exchange NYSE MKT NYSE in 2017) 1988 - Acquired Patterson Pump Company, manufacture
Slide 5: Industry Overview
INDUSTRY OVERVIEW Pumps are Widely Used in Our Daily Lives – drinking water, wastewater, stormwater, irrigation, appliance cooling, transportation, fuel, industrial products, chemicals, fire suppression, construction, mining, HVAC, food and beverage, marine, medical applications, computer cooling
Slide 6: Favorable External Trends
FAVORABLE EXTERNAL TRENDS TREND IMPACT GRC CAPABILITIES Poor infrastructure conditions Aging Water and combined with available federal Broad selection of pumps and systems for Wastewater funding and utility rate increases potable water and wastewater applications Infrastructure leading to increased
Slide 7: Delivering Profitable Growth
DELIVERING PROFITABLE GROWTH What Where we were: What we have done: 2016-2020 2021-2025 Initiatives/Drivers: Sales CAGR (3.0%) 14.4% • Fill-Rite acquisition Organic – (3.0%) Organic – 8.6% • Post-COVID preparedness Acquisition – 5.7% • Enhanced strategic planning process • New Product Development •
Slide 8: Global Operations
GLOBAL OPERATIONS Mission Statement “To provide a quality product, competitively priced, delivered on time, backed by reliable service, at a profit that provides an equitable return to our shareholders, as well as providing our employees with competitive wages and benefits.” - J.C. Gorman and Herb R
Slide 9: Operating Model
OPERATING MODEL Treasury Quality products and Acquisitions Corporate strong reputations Legal Capital Allocation Insurance / Risk Management Customer focus – Information Technology External Reporting & taking care of Employee Benefits Compliance customers Investor Relations Phi
Slide 10: Product Diversity
PRODUCT DIVERSITY FEBRUARY 2026 PRESENTATION 10
Slide 11: Market Diversity – By Design
MARKET DIVERSITY – BY DESIGN Gorman-Rupp Company Markets MARKETS • Industrial/Chemicals & HVAC Supply (19% - 21%) • Fire Suppression (19% - 22%) Refined Repair Parts Industrial / • Agriculture & Irrigation Supply (14% - 16%) Petroleum Chemicals & HVAC Supply • Municipal Water / Wastewater (12% - 15%
Slide 12: Industrial / Chemicals & HVAC Supply
INDUSTRIAL / CHEMICALS & HVAC SUPPLY (19% - 21%) Dependable pumps for manufacturing applications Pumps for moving waste streams, chemicals, viscous materials, and heating/cooling fluids HVAC pump market share expanding MARKET DRIVERS: Industrial construction, expansion and remodeling FEBRUARY
Slide 13: Fire Suppression
FIRE SUPPRESSION (19% - 22%) Booster pumps for sprinkler systems in large commercial structures Fire pumps are UL/FM Global approved and an industry standard Domestic and international market leader Manufacturing facility in Ireland to serve Europe and Middle East Added additional capacity
Slide 14: Agriculture & Irrigation
AGRICULTURE & IRRIGATION (14% - 16%) Irrigation pumps - strategically located branch locations across the U.S. Pumps for fuel transfer, animal waste, pit agitation, and liquid fertilizer MARKET DRIVERS: Grower cash flows from farm commodity prices and weather conditions FEBRUARY 2026 PRESENTATIO
Slide 15: Construction & Dewatering
CONSTRUCTION & DEWATERING (11% - 13%) Self-priming and vacuum prime-assisted centrifugal pumps for dewatering foundations, quarries, ditches and streams Diaphragm pumps to remove mud and sand-laden water at construction sites Rotory vane fuel transfer pumps, meters, and accessories for contrac
Slide 16: Municipal Water & Wastewater
MUNICIPAL WATER & WASTEWATER (12% - 15%) Pumps and wastewater stations Pre-engineered turn-key systems Custom design capabilities, above and below ground installation Booster pumps and deep-well line shaft pumps provide clean drinking water Municipal water and sewer funding is typically se
Slide 17: Large Custom Municipal Pumps
LARGE CUSTOM MUNICIPAL PUMPS Flood control pumps capable of pumping up to one million gallons per minute Numerous coastal flood protection installments Storm water management Wetland restoration MARKET DRIVERS: Infrastructure build and re-build; natural disasters FEBRUARY 2026 PRESENTATION 1
Slide 18: OEM
OEM (6% - 8%) OEM Pump supplier to a variety of manufacturers Range of applications from transportation, appliances, food processing, chemical processing and electronics Military applications MARKET DRIVERS: Growth and new products in numerous commercial, medical and retail sectors; power gene
Slide 19: Refined Petroleum
REFINED PETROLEUM (2% - 4%) Leader in aircraft refueler market Refinery and pipeline applications Vertical turbine pumps for barge loading and unloading American Petroleum Institute certified pumps Safe bulk handling of volatile fuels MARKET DRIVERS: Petroleum refinery production, storage
Slide 20: Repair Parts
REPAIR PARTS Most parts ship within 24 hours Consolidated 9% - 12% Large range by market and application – from 30% for Construction/Industrial to minimal for Fire Suppression Approximately 20% adjusted for markets with minimal repairs HOW LONG DO PUMPS LAST? Many Variables by Application Th
Slide 21: Divisions / Markets
DIVISIONS / MARKETS End Markets Industrial/Chemicals & HVAC Supply Fire Suppression Agriculture & Irrigation Supply Construction & Dewatering Municipal Water, Wastewater & Flood Control Refined Petroleum Original Equipment Manufacturer (OEM) FEBRUA
Slide 22: International Sales
INTERNATIONAL SALES International sales represent approximately 25% of total company sales annually 2025 Total International International Sales Sales Mix Mexico / South & Central America 20% Europe 26% $85 $79 million million Canada 23% Exported From USA Direct From Locations International Middle
Slide 23: Sales Channels
SALES CHANNELS Sales Channels Most distribution is exclusive by geographic territory and market Other No single distributor makes up > 5% of OEM sales Direct Expectations of distribution: Retail & E- Physical location Commerce Stock inventory Distribution & Sales Reps Service capabilitie
Slide 24: Competition
COMPETITION DECEMBER 2025 PRESENTATION
Slide 25: Notable Pump Competitors
NOTABLE PUMP COMPETITORS GORMAN-RUPP MARKETS Company Fire Suppression Municipal Flood Control Construction Agriculture Industrial Petroleum OEM XYLEM (XYL) – ($8.6B; Pumps/Services $5.7B, 67%) Flygt Goulds AC Fire Pump Bell & Gossettt Godwin Pumps Flow
Slide 26: Notable Pump Competitors
NOTABLE PUMP COMPETITORS GORMAN-RUPP MARKETS Company Fire Suppression Municipal Flood Control Construction Agriculture Industrial Petroleum OEM Pentair (PNR) – ($4.1B; 100% Flow/Pumps) Hydromatic Aurora Fairbanks Nijhuis Dover Corporation (DOV) – ($7.7B; Fluids $3
Slide 27: Notable Pump Competitors
NOTABLE PUMP COMPETITORS GORMAN-RUPP MARKETS Company Fire Suppression Municipal Flood Control Construction Agriculture Industrial Petroleum OEM Hundreds of private companies/divisions Smith & Loveless Industrial Flow Solutions Thompson Pumps Zoeller Pumps Vaugha
Slide 28: Financial Summary
FINANCIAL SUMMARY DECEMBER 2025 PRESENTATION
Slide 29: Net Sales & Adjusted EPS
NET SALES & ADJUSTED EPS $800 $2.50 $700 $2.00 $600 $500 $1.50 Millions of Dollars (Adjusted EPS) $400 Dollars (Sales) $1.00 $300 $200 $0.50 $100 $0 $0.00 2021 2022* 2023 2024 2025 See appendix for non-GAAP reconciliations. Net Sales Adjusted EPS * Unusually high LIFO expense of $0.56 per share FEBR
Slide 30: Strong Adjusted EBITDA
STRONG ADJUSTED EBITDA $140 20% 18% $120 16% $100 14% Millions in Dollars 12% $80 % of Sales 10% $60 8% $40 6% 4% $20 2% $0 0% 2021 2022 2023 2024 2025 Adjusted EBITDA Adjusted EBITDA % of Sales See appendix for non-GAAP reconciliations. FEBRUARY 2026 PRESENTATION 30
Slide 31: Q4 2025 P&L
Q4 2025 P&L Net sales of $166.6 million increased 2.4%, or $3.9 million, compared to the fourth quarter of 2024 Fourth quarter net income was $13.7 million, or $0.52 per share, compared to net income of $11.0 million, or $0.42 per share, for the fourth quarter of 2024 o Adjusted earnings per sha
Slide 32: Year Ended December 31, 2025 P&L
YEAR ENDED DECEMBER 31, 2025 P&L Record net sales of $682.4 million increased 3.4%, or $22.7 million, compared to 2024 Record net income was $53.0 million, or $2.02 per share, compared to net income of $40.1 million, or $1.53 per share, in 2024 o Adjusted earnings per share1 for 2025 and 2024 we
Slide 33: Incoming & Backlog Trend
INCOMING & BACKLOG TREND Total Incoming Orders Backlog $300 $280 $260 $240 $220 Millions $200 $180 $160 $140 $120 $100 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2023 2024 2025 FEBRUARY 2026 PRESENTATION 33
Slide 34: Balance Sheet
BALANCE SHEET Total debt decreased $60.0 million during 2025 ($ in millions) December 31, December 31, December 31, December 31, 2025 2024 2025 2024 ASSETS LIABILITIES & SHAREHOLDERS’ EQUITY Cash and cash equivalents $35.1 $24.2 Current portion of long-term debt $23.1 $18.5 Accounts receivable, ne
Slide 35: Leverage Ratio
LEVERAGE RATIO Fill-Rite Acquisition 5.0 4.9 (Total debt net of excess cash / Adjusted EBITDA) 4.7 4.5 4.4 4.2 4.0 Total Leverage Ratio 3.8 3.5 3.5 3.3 3.3 3.0 3.1 2.9 2.9 2.8 2.7 2.5 2.4 2.3 2.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2022 2023 2024 2025 FEBRUARY 2026 PRESENTATION 35
Slide 36: Debt Summary
DEBT SUMMARY December 31, December 31, (in millions) 2025 2024 Terms Senior Term Loan $280.8 $340.8 Due May 2029, SOFR+2.00% $100 million Credit Facility - - Due May 2029 6.40% Notes 30.0 30.0 Due May 2031, 6.4% Total Debt $310.8 $370.8 $60 million reduction in debt in 2025 Debt refinancing May
Slide 37: Capital Allocation
CAPITAL ALLOCATION Historical Current Priorities Capital Investment to Support Growth Expected to be ~$20mm per year primarily in machinery & equipment Maintain Dividend Track Record 53 consecutive years of dividend increases Continue to Improve Leverage 2.3X EBITDA as of December 31, 20
Slide 38: History of Increasing Dividends
HISTORY OF INCREASING DIVIDENDS 304 Consecutive quarters of cash dividends 53 Consecutive years of increased cash dividends Among Top 50 U.S. Public Companies $0.70 $20.0 Current annualized rate $0.76 per share $18.0 $0.60 $16.0 Annual Dividends Paid ($ Millions) $0.50 $14.0 Annual Dividend
Slide 39: Profitable Growth
PROFITABLE GROWTH DECEMBER 2025 PRESENTATION
Slide 40: Delivering Profitable Growth
DELIVERING PROFITABLE GROWTH What Where we were: What we have done: Initiatives/Drivers: 2016-2020 2021-2025 Sales CAGR (3.0%) 14.4% • Fill-Rite acquisition Organic – (3.0%) Organic – 8.6% • Post-COVID preparedness Acquisition – 5.7% • Enhanced strategic planning process • New Product Development •
Slide 41: Driving Profitable Growth
DRIVING PROFITABLE GROWTH Where we are going Initiatives/Drivers: What 2026+ Sales Growth Organic CAGR = GDP+ • New Product development and Acquisitions • New markets • Increased distribution coverage • Customer facing technology enhancements • International sales – continue to increase as a percent
Slide 42: History of Growth Through Acquisitions
HISTORY OF GROWTH THROUGH ACQUISITIONS Gorman-Rupp has successfully grown through acquisitions Approach to acquisitions remains disciplined Acquisitions since 2010: Year Company Locations Key Markets 2010 National Pump Company AZ, CA, TX, MS, FL Agriculture, Municipal, Petroleum, Industrial 2012
Slide 43: Disciplined Acquisition Criteria
DISCIPLINED ACQUISITION CRITERIA Criteria Preferences Pumps, pumping related equipment and systems that Products complement existing product lines Chemical / Fuels Marine OEM Markets Municipal Food / BEV / Pharma Industrial Alternative Energy HVAC Dredging Customer-Focused Cult
Slide 44: International Growth
INTERNATIONAL GROWTH Well positioned international facilities provide for local customization Capacity for growth leveraging existing GRC footprint and expanding distribution network Gorman-Rupp Canada Gorman-Rupp Africa Gorman-Rupp Europe Gorman-Rupp Belgium Patterson Pump Ireland Capitalize
Slide 45: High-Performing Culture
HIGH-PERFORMING CULTURE Employees empowered to take care of customers Profit sharing at all levels of the organization drives owner like behavior Employee development and training results in promote-from-within culture and leads to long tenure employees – average employee has over 10 years exp
Slide 46: Operational Excellence
OPERATIONAL EXCELLENCE High quality products – designed, engineered, manufactured, and tested We hold #1 market share positions in many of the markets where we operate Well established and knowledgeable distribution network Sales, customer service, and product development handled at the divi
Slide 47: Pillars for Growth
PILLARS FOR GROWTH “We take care of our customers or someone else will” High-Performing Operational Organic Growth Acquisitions Culture Excellence • Focus on customers • Expand market share • High quality products • Pumps, pumping related equipment • Profit sharing • Benefit from • Product availabil
Slide 48: Investment Highlights
INVESTMENT HIGHLIGHTS Leading designer and manufacturer of pumps and pump systems with over 90 years of experience Reputation for quality products and outstanding customer first service is a competitive advantage Primarily U.S. based supply chain and manufacturing Highly diversified markets and prod
Slide 49: Bios
BIOS Scott A. King, President and Chief Executive Officer Scott was promoted to Chief Executive Officer in January 2022 in addition to his role as President. He served as President and Chief Operating Officer from January 2021 to December 2021. Prior to that he was Vice President and Chief Operating
Slide 50: Appendix: Non-GAAP Measures
APPENDIX The Gorman-Rupp Company Non-GAAP Measures This presentation includes certain non-GAAP financial data and measures such as adjusted earnings, adjusted earnings per share, and adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). Adjusted earnings is ear
Slide 51: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Three months ended Year ended December 31, December 31, 2025 2024 2025 2024 Net Income – GAAP basis $13.7 $11.0 $53.0 $40.1 Write-off of unamortized previously deferred debt financing fees - - - 3.5 Refinancing Costs - - - 2.4 Facility optimization costs - - 2.3 - Pension set
Slide 52: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Three months Year ended ended December 31, December 31, 2025 2024 2025 2024 Adjusted earnings before interest, taxes, depreciation and amortization: Net income – GAAP basis $13.7 $11.0 $53.0 $40.1 Interest expense 5.4 6.7 23.4 33.6 Provision for income taxes 4.2 2.7 16.2 10.4
Slide 53: DECEMBER 2025 PRESENTATION
DECEMBER 2025 PRESENTATION 53
The Gorman-Rupp Company — Q4 2025 Earnings Presentation on 6ix