secwatch.observer — SEC 8-K summary
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Issuer:     GORMAN RUPP CO (GRC)
CIK:        0000042682
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001157523-23-000634
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42682/000115752323000634/0001157523-23-000634-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42682/000115752323000634/a53388406.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000634

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