September 2022 Presentation
CAPITAL ALLOCATION PRIORITIES
Our maintenance capital expenditures are expected to be ~$15mm per year
GR
GORMAN-RUPP
COMPANY
The Pump People
We have a proud history of returning capital to shareholders through dividends
and expect to maintain our dividend practices while achieving our leverage target
We are focused on deleveraging with targeted leverage of less than 3.5x by the
end of 2024
Once we delever, acquisitions will remain an important part of our growth strategy,
and we will monitor opportunities to complement our existing businesses or
expand our core competencies
We expect to maintain ample liquidity for our operations, including ~$20mm of
cash on the balance sheet and a $100mm revolving credit facility
SEPTEMBER 2022 PRESENTATION
30View entire presentation