secwatch.observer — SEC 8-K summary
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Issuer:     GORMAN RUPP CO (GRC)
CIK:        0000042682
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001157523-23-000162
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gorman-Rupp Q4 sales up 55% to $146M; GAAP EPS drops to $0.09
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- Q4 net sales $146.0M (+55% YoY); organic growth 19.3% excluding Fill-Rite acquisition.
- Q4 GAAP net income $2.4M ($0.09 EPS) vs $6.5M ($0.25) in Q4 2021.
- Full-year 2022 sales $521.0M (+37.7%); adjusted EPS $0.94 vs $1.21 in 2021.
- Backlog at Dec 31, 2022: $267.4M, up 43.8% from 2021, driven by strong orders and Fill-Rite.
- Interest expense $19.2M in 2022 ($0 in 2021) due to Fill-Rite acquisition debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42682/000115752323000162/0001157523-23-000162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42682/000115752323000162/a53301451.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000162

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