secwatch.observer — SEC 8-K summary
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Issuer:     GORMAN RUPP CO (GRC)
CIK:        0000042682
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001157523-23-001563
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gorman-Rupp Q3 net sales $167.5M (+8.9% YoY), net income $9.0M ($0.34 EPS) vs $2.2M
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- Net sales $167.5M, up 8.9% YoY; net income $9.0M ($0.34 EPS) vs $2.2M ($0.09 EPS) in Q3 2022.
- Adjusted EBITDA $30.5M (+16% YoY); gross margin improved to 28.7% from 26.4%.
- Total debt net of cash reduced $25.4M in Q3; capex plan ~$20M for 2023.
- Backlog $237.5M (down from $266.7M year ago); incoming orders up 6.9% YTD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42682/000115752323001563/0001157523-23-001563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42682/000115752323001563/a53693645.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001563

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