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GORMAN RUPP CO (GRC) filed an 8-K current report with the SEC on April 23, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q1 2026 results for quarter ended March 31, 2026.
GORMAN RUPP CO 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 2026 results for quarter ended March 31, 2026
- Earnings details contained in furnished Exhibit 99 news release
- Investors should review Exhibit 99 for revenue, profitability, and outlook data
Item EX-99.1 · Exhibit EX-99.1
- Q1 sales $176.6M, up 7.7%, with growth across construction, agriculture, industrial, municipal, and OEM markets
- Record net income $17.8M, or $0.68 per share, versus $12.1M and $0.46, reflecting stronger operating leverage
- Gross margin expanded to 32.5% from 30.7%; operating margin rose to 15.6% from 13.5%
- Incoming orders $187.5M, up 5.5%, lifting backlog to $247.9M and supporting sales visibility
- Operating cash flow $22.0M, with $15.0M debt reduction and planned 2026 capital expenditures of approximately $22.0M-$24.0M
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