secwatch.observer — SEC 8-K summary
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Issuer:     GORMAN RUPP CO (GRC)
CIK:        0000042682
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0001193125-21-312925
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gorman-Rupp Q3 EPS $0.34, sales up 14.8%; CEO transition to King; dividend raised 9.7%, $50M buyback
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- Q3 EPS $0.34 vs $0.28; net sales $102.1M (+14.8% YoY); backlog $156.5M (up from $102.0M a year ago).
- Scott King promoted to CEO effective Jan 1, 2022; Jeffrey Gorman becomes Executive Chairman.
- Quarterly dividend raised 9.7% to $0.17/share (payable Dec 10, record Nov 15); 49th consecutive annual increase.
- Board authorized $50M share repurchase program with no expiration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42682/000119312521312925/0001193125-21-312925-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42682/000119312521312925/d223327d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-312925

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