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Stock Market & Financial Investment News

News Breaks
November 30, 2012
10:01 EDTGRCGorman-Rupp announces subsidiary planned acquisition of American Turbine Pump
Gorman-Rupp announced that its wholly-owned subsidiary, National Pump, has reached an agreement in principle to purchase the business of American Turbine Pump Companies. ATP is a group of companies that collectively are a leading manufacturer and distributor of energy-efficient vertical turbine and submersible pumps primarily serving agricultural, municipal and industrial markets, both domestically and globally. During 2011, ATP had approximately $15m in revenue from sales of its products through its Lubbock, Texas headquarters and two other locations in Houston, Texas and Fresno, California. The planned business combination is expected to be completed in December. The terms of the agreement are undisclosed.
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July 31, 2014
15:02 EDTGRCGorman-Rupp upgraded to Buy from Neutral at Sidoti
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July 29, 2014
08:57 EDTGRCGorman-Rupp sell-off creates buying opportunity, says Janney Capital
Janney Capital believes Gorman-Rupp reported Q2 results that were solid overall, with its EPS miss attributable to higher SG&A expenses. The firm believes the company's fundamentals are intact and that the post-earnings sell-off is a buying opportunity. Janney keeps its Buy rating on the stock.
July 25, 2014
09:04 EDTGRCGorman-Rupp reports Q2 EPS 34c, consensus 41c
Reports Q2 revenue $109.7M, consensus $112.97M.

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