---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-111944"
form_type: "8-K"
ticker: "GRC"
cik: "0000042682"
company_name: "GORMAN RUPP CO"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:33:50.917659+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gorman-Rupp Q1 net income rises to $7.9M; record orders of $178.9M up 7% YoY

## Summary
- Net sales $159.3M (-0.7% YoY); net income $7.9M ($0.30 EPS) vs $6.5M ($0.25 EPS) prior year.
- Record incoming orders $178.9M, +7.1% YoY and +27.0% sequentially; backlog $234.2M.
- Gross margin expanded 200 bps to 30.4% on material cost improvements; SG&A up to 15.6% of sales.
- Operating margin up 90 bps to 12.8%; adjusted EBITDA $28.2M vs $28.4M in Q1 2023.
- Full-year capex guided $18-20M; net debt decreased $1.6M to $381.6M.

## SEC filing metadata
- accession: 0001193125-24-111944
- form_type: 8-K
- ticker: GRC
- cik: 0000042682
- company_name: GORMAN RUPP CO
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/42682/000119312524111944/0001193125-24-111944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/42682/000119312524111944/d823272d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-111944
- JSON: https://secwatch.observer/filing/0001193125-24-111944.json
- Plain text: https://secwatch.observer/filing/0001193125-24-111944.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.