secwatch.observer — SEC 8-K summary
======================================

Issuer:     GORMAN RUPP CO (GRC)
CIK:        0000042682
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001157523-22-001423
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gorman-Rupp Q3 net sales up 50.6% to $153.8M; net income falls to $2.2M on acquisition costs and pension charges
--------------------------------------------------------------------------------

- Net sales $153.8M (+50.6% YoY); organic growth 11.3% excluding Fill-Rite acquisition.
- GAAP net income $2.2M ($0.09 EPS) vs $8.8M ($0.34 EPS) in Q3 2021; adjusted EPS $0.25.
- Fill-Rite contributed $40.1M sales and $8.4M adjusted EBITDA in its first full quarter.
- Adjusted EBITDA rose 56.3% to $22.5M; backlog $266.7M, up from $156.5M a year ago.
- Full-year capex guided $15-18M; management cites strong demand and ongoing pricing actions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42682/000115752322001423/0001157523-22-001423-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42682/000115752322001423/a52954555.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001423

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer