secwatch.observer — SEC 8-K summary
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Issuer:     GORMAN RUPP CO (GRC)
CIK:        0000042682
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001157523-24-000158
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gorman-Rupp Q4 net income $9.0M ($0.34 EPS) vs $2.4M YoY; full-year revenue up 26.6%
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- Q4 net sales $160.6M (+10.0% YoY); net income $9.0M vs $2.4M; adjusted EPS $0.34 vs $0.11.
- Full-year net sales $659.5M (+26.6%, +15.8% organic); net income $35.0M ($1.34 EPS) vs $11.2M.
- Record adjusted EBITDA $121.7M, up 37% from $88.7M; debt net of cash reduced $58.2M.
- Backlog $218.1M at Dec 31, 2023, down from $267.4M; incoming orders up 4.4%.
- CEO cites second consecutive year of double-digit organic growth; 51st consecutive year of dividend increases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42682/000115752324000158/0001157523-24-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42682/000115752324000158/a53891166.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000158

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