secwatch.observer — SEC 8-K summary
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Issuer:     GORMAN RUPP CO (GRC)
CIK:        0000042682
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001157523-23-001179
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gorman-Rupp Q2 net sales $171.0M (+43.6% YoY); net income $10.5M vs loss in prior year
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- Net income of $10.5M ($0.40 diluted EPS); adjusted EPS $0.41 vs $0.27 in Q2 2022.
- Organic sales grew 21.4% ex-Fill-Rite; Fire suppression +$9.0M, industrial +$4.1M.
- Gross margin improved 650 bps to 30.2% on better labor/overhead leverage and material cost.
- Adjusted EBITDA $33.7M, up 71.6% YoY; backlog $249.8M vs $264.7M a year ago.
- YTD operating cash flow $37.9M vs $6.7M; FY2023 capex guided $18-$20M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42682/000115752323001179/0001157523-23-001179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42682/000115752323001179/a53488031.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001179

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