Business briefs: Gorman-Rupp second quarter, new Haring Realty office and more

Mansfield News Journal
·4 min read

Gorman-Rupp Company declares cash dividend, announces second quarter results

The Board of Directors of the Gorman-Rupp Company has declared a quarterly cash dividend of $0.175 per share on the common stock of the Company, payable Sept. 8, 2023, to shareholders of record Aug. 15, 2023. This will mark the 294th consecutive quarterly dividend paid by The Gorman-Rupp Company.

Net sales for the second quarter of 2023 were $171 million compared to net sales of $119.1 million for the second quarter of 2022 — an increase of 43.6% or $52 million. Domestic sales increased 50.8% or $43.2 million and international sales increased 25.7% or $8.7 million compared to the same period in 2022.

Second quarter net income was $10.5 million, or $0.40 per share, compared to a net loss of $1 million, or $0.04 per share, for the second quarter of 2022.

Scott A. King, president and CEO, said Gorman-Rupp's strong organic sales growth of over 21% marked the eighth consecutive quarter of year-over-year double-digit increases as they continued to see strength across the majority of markets. King says backlog is down from the record level at the end of the first quarter but remains elevated.

Haring Realty to celebrate grand opening of its Bucyrus office

BUCYRUS — Haring Realty has opened a branch office in downtown Bucyrus at 116 Washington Square. A ribbon cutting and grand opening celebration took place Friday morning.

“This new office will help us serve our clients between our Fostoria Office and our office in Mansfield” said Melissa Viers, associate broker and realtor with Haring Realty. “I live in Crawford County and will work out of this branch throughout the week along with other agents who serve Crawford County.”

Haring Realty was founded in 1983 and now has five offices to serve North Central Ohio and Northwest Ohio.

Enroll now in the 2023-2024 Columbia Gas Budget Plan

Columbia Gas says customers can get a head start on their winter heating bills by signing up for the 2023-2024 Budget Plan. The Budget Plan spreads the total cost of heating more evenly throughout the year. It allows for a year-round rolling enrollment, which prevents a high budget amount during the winter months, as the amount to enroll is recalculated monthly based on an entire 12-month history.

Columbia Gas customers may sign up for the Budget Plan anytime by paying the “budget payment” amount on their August bill, going online to ColumbiaGasOhio.com/Budget, or calling 1-800-344-4077 to speak with a customer service representative.

Once enrolled, customers will pay the “budget payment” amount listed on their monthly bill from August 2023 to July 2024. The budget payment amount will then be the same from month to month. Accounts are reviewed and adjusted, if needed, in March.

Each customer’s budget plan amount is individually calculated by looking at previous usage rates, 30-year average weather, and the current and estimated cost of natural gas.

The budget plan is free and open to all Columbia Gas customers.

Local students win a behind-the-scenes look at Firelands Electric Cooperative

NEW LONDON — Three area elementary students recently had the unique opportunity to take a private tour of Firelands Electric Cooperative and eat lunch with some of the linemen.

As part of National Electrical Safety Month in May, three area students had a chance to tour Firelands Electric Cooperative and have lunch with a lineman. The contest winners were (left to right) Jaidun Kemp of New London, Sawyer Howell of Mansfield and Lyrica Steele of Willard.
As part of National Electrical Safety Month in May, three area students had a chance to tour Firelands Electric Cooperative and have lunch with a lineman. The contest winners were (left to right) Jaidun Kemp of New London, Sawyer Howell of Mansfield and Lyrica Steele of Willard.

During the month of May, as part of National Electrical Safety Month, Firelands Electric sponsored a contest for children in kindergarten through fifth grade to help teach them the importance of lineman safety equipment. Those who correctly identified at least six of eight pieces of equipment had their names entered into a drawing for a special day at the cooperative.

The three contest winners were: Sawyer Howell, third grade, Mansfield; Jaidun Kemp, fifth grade, New London; and Lyrica Steele, second grade, Willard.

The students and their adult guests spent the morning of July 26 touring the cooperative’s facilities in New London. They had the chance to get an up-close look at the bucket trucks, diggers, safety clothing and equipment, transformers and much more. Following a pizza lunch with several members of the cooperative’s line crews, the winners were also able to watch a couple of linemen practice pole climbing. Each winner went home with a bag of electrical safety activities, Firelands swag, and their own junior lineman hard hat.

This article originally appeared on Mansfield News Journal: Gorman-Rupp results, new Haring Realty office, Columbia Gas plan