---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-032093"
form_type: "8-K"
ticker: "GRC"
cik: "0000042682"
company_name: "GORMAN RUPP CO"
filed_at: "2024-10-25T23:59:59+00:00"
generated_at: "2026-05-30T10:12:51.477008+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gorman-Rupp Q3 net income up 44%; Executive Chairman to non-executive role

## Summary
- Q3 net income $12.9M ($0.49/share) vs $9.0M ($0.34) in Q3 2023, a 44% increase.
- Net sales $168.2M up 0.4%; gross margin improved 260 bps to 31.3%.
- Interest expense down $2.7M to $7.8M due to May 2024 refinancing.
- Backlog $207.8M at Sep 30 vs $237.5M a year ago; incoming orders up 4.1% YTD.
- Jeffrey S. Gorman to step down as Executive Chairman to non-executive Chairman effective Jan 3, 2025.

## SEC filing metadata
- accession: 0001437749-24-032093
- form_type: 8-K
- ticker: GRC
- cik: 0000042682
- company_name: GORMAN RUPP CO
- filed_at: 2024-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/42682/000143774924032093/0001437749-24-032093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/42682/000143774924032093/grc20241024_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-032093
- JSON: https://secwatch.observer/filing/0001437749-24-032093.json
- Plain text: https://secwatch.observer/filing/0001437749-24-032093.txt

## Key facts
- Executive change
  Jeffrey S. Gorman changed role as Chairman of the Board at GORMAN RUPP CO.
  - Action: transition
  - Role: Chairman of the Board
  source text: Jeffrey S. Gorman notified the Board of Directors of the Company that, effective January 3, 2025, he will transition from Executive Chairman of the Board to Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/42682/000143774924032093/0001437749-24-032093-index.htm

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