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Stock Market & Financial Investment News

News Breaks
June 3, 2014
09:15 EDTGRCGorman-Rupp says NPC subsidiary acquires business of Bayou City Pump
The Gorman-Rupp Company announces that its wholly-owned subsidiary, National Pump Company, has completed its purchase of the business of Bayou City Pump, based in Houston, Texas. During 2013, BCP had approximately $16M in revenue from sales of its products and services through its Houston, Texas headquarters and its service facility location in Baton Rouge, Louisiana. The terms of the asset purchase agreement are undisclosed.
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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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