secwatch.observer — SEC 8-K summary
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Issuer:     GORMAN RUPP CO (GRC)
CIK:        0000042682
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0001157523-22-000961
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gorman-Rupp reports Q2 net loss of $1.0M due to Fill-Rite costs; revenue up 28%
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- Q2 net loss $1.0M ($0.04 loss per share) vs. net income $7.1M in Q2 2021; adjusted EPS $0.27 vs. $0.32.
- Revenue $119.1M, +28% YoY (+13.4% organic); Fill-Rite contributed $13.6M from May 31 close.
- Completed $526.3M acquisition of Fill-Rite on May 31, funded with $440M term loans and cash.
- Backlog $264.7M, +$69.2M in Q2 including $14.7M from Fill-Rite; orders up 44.5% in Q2.
- Operating income includes $6.9M acquisition costs and $1.4M inventory step-up; adjusted EBITDA up 13.2% to $15.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42682/000115752322000961/0001157523-22-000961-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42682/000115752322000961/a52794663.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000961

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