GRCMEDIUM SIGNALFINANCIAL10-K

Gorman-Rupp delivered strong operational performance with 52% operating cash flow growth and 32% net income increase, while simultaneously reducing total debt by 16%.

The company appears to be in a strengthening financial position, generating significantly more cash while paying down debt, which suggests improved operational efficiency and disciplined capital allocation. The doubling of interest expense likely reflects higher rates on existing debt rather than increased borrowing, given the net debt reduction.

Comparing 2026-03-02 vs 2025-03-03View on EDGAR →
FINANCIAL ANALYSIS

Gorman-Rupp showed strong operational improvement across key metrics, with operating cash flow surging 52% to $106.2M and net income growing 32% to $53.0M, while the company simultaneously reduced total debt by 16% to $307.5M. Despite interest expense more than doubling due to higher rates, the company maintained strong cash generation and improved its balance sheet with higher cash reserves (+45%) and increased stockholders' equity (+11%). The reduced capital expenditures and debt paydown suggest a focus on cash preservation and balance sheet strengthening, positioning the company well financially.

FINANCIAL STATEMENT CHANGES
Interest Expense
P&L
+114.5%
$19.2M→$41.3M

Interest expense surged 114.5% — significant debt increase or rising rates materially impacting earnings.

Operating Cash Flow
Cash Flow
+52.1%
$69.8M→$106.2M

Operating cash flow surged 52.1% — exceptional cash generation, highest quality earnings signal.

Cash & Equivalents
Balance Sheet
+44.9%
$24.2M→$35.1M

Cash position surged 44.9% — strong cash generation or capital raise providing significant financial cushion.

Capital Expenditure
Cash Flow
-36.8%
$21.0M→$13.3M

Capex reduced 36.8% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Net Income
P&L
+32.2%
$40.1M→$53.0M

Net income grew 32.2% — bottom-line growth signals improving overall business health.

Total Debt
Balance Sheet
-16.1%
$366.6M→$307.5M

Debt reduced 16.1% — deleveraging strengthens balance sheet and reduces financial risk.

Current Liabilities
Balance Sheet
+12.7%
$87.5M→$98.6M

Current liabilities rose 12.7% — increased short-term obligations, watch current ratio.

Stockholders Equity
Balance Sheet
+10.9%
$373.8M→$414.7M

Equity base grew 10.9% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2026-03-02
PRIOR — 2025-03-03
ADDED
On March 2, 2026, there were 26,312,842 com mon shares, without par value, of The Gorman-Rupp Company outstanding.
Form 10-K Summary 60 Signatures 61 * Included pursuant to the instructions to Item 401 of Regulation S-K.
Such uncertainties include, but are not limited to, our estimates of future earnings and cash flows, general economic conditions and supply chain conditions and any related impact on costs and availability of materials, retention of supplier and customer relationships and key employees, the ability to service and repay indebtedness, and the anticipated results of our National Pump Company facility optimization efforts.
trade policy, including resulting tariffs; (16) environmental compliance costs and liabilities; (17) exposure to fluctuations in foreign currency exchange rates; (18) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (19) changes in our tax rates and exposure to additional income tax liabilities; and (20) risks described from time to time in our reports filed with the Securities and Exchange Commission.
BU SINESS The Gorman-Rupp Company ( Registrant , Gorman-Rupp , the Company , we or our ) was incorporated in Ohio in 1934.
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REMOVED
On March 3, 2025, there were 26,227,540 common shares, without par value, of The Gorman-Rupp Company outstanding.
2 The Gorman-Rupp Company and Subsidiaries Annual Report on Form 10-K For the Year Ended December 31, 2024 PART I Page ITEM 1.
Form 10-K Summary 64 Signatures 65 * Included pursuant to the instructions to Item 401 of Regulation S-K.
Such uncertainties include, but are not limited to, our estimates of future earnings and cash flows, general economic conditions and supply chain conditions and any related impact on costs and availability of materials, retention of supplier and customer relationships and key employees, and the ability to service and repay indebtedness.
BUSINESS The Gorman-Rupp Company ( Registrant , Gorman-Rupp , the Company , we or our ) was incorporated in Ohio in 1934.
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