---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000634"
form_type: "8-K"
ticker: "GRC"
cik: "0000042682"
company_name: "GORMAN RUPP CO"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:45:40.544739+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gorman-Rupp Q1 net sales up 57.1% to $160.5M; EPS down to $0.25 vs $0.29 YoY

## Summary
- Net sales $160.5M, up 57.1% YoY; organic sales excluding Fill-Rite rose 17.9%.
- Net income $6.5M ($0.25 per share) vs $7.5M ($0.29) in Q1 2022; adjusted EPS $0.27.
- Adjusted EBITDA $28.4M, up 98.7% from $14.3M; interest expense $10.2M from acquisition debt.
- Incoming orders $167M, up 49.1% (12.3% ex-Fill-Rite); backlog $270.6M vs $195.5M a year ago.
- Gross margin improved 340 bps to 28.4%; capex guidance $18-20M for full-year 2023.

## SEC filing metadata
- accession: 0001157523-23-000634
- form_type: 8-K
- ticker: GRC
- cik: 0000042682
- company_name: GORMAN RUPP CO
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/42682/000115752323000634/0001157523-23-000634-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/42682/000115752323000634/a53388406.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000634
- JSON: https://secwatch.observer/filing/0001157523-23-000634.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000634.txt

## Key facts
- Earnings Releases
  GORMAN RUPP CO reported first quarter ended March 31, 2023 results: revenue $160.5 million, net income $6.5 million, EPS $0.25 per share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $160.5 million
  - Net income: $6.5 million
  - EPS: $0.25 per share
  - Result: reported results
  source text: Gorman-Rupp Reports First Quarter 2023 Financial Results MANSFIELD, Ohio--(BUSINESS WIRE)--April 27, 2023--The Gorman-Rupp Company (NYSE: GRC) reports financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights Net sales of $160.5 million increased 57.1%, or $58.3 million, compared to the first quarter of 2022, a 17.9% increase excluding sales from Fill-Rite which was acquired in May 2022 First quarter net income was $6.5 million, or $0.25 per share, compared to net income of $7.5 million, or $0.29 per share, for the first quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/42682/000115752323000634/0001157523-23-000634-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.