Gorman Rupp (GRC) risk factors, FY2025 10-K

Gorman Rupp's FY2025 10-K, filed Mar 02, 2026, lists 19 risk factors. Against the prior year's 19: 1 new, 1 dropped, 2 substantially reworded.

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Risk factors listed
190 groups
New this year
1vs 19 last year
Dropped
1since the prior 10-K
Substantially reworded
2of those kept
Section length
4k wordsItem 1A

What the changes say

  • Tariffs are added as a new trade policy risk to material costs and international product sales.
  • LIFO reserve figures updated from $100.2 million to $104.6 million.
  • Potential LIFO tax repayment increased from $21.0 million to $22.0 million.

What changed since the prior 10-K

New

  • New

    U.S. trade policy, including the implementation of tariffs, could adversely affect the Company’s business and financial results

    U.S. and foreign tariffs may increase material and product costs and hurt international sales if pricing and supply arrangements cannot mitigate them.

Dropped

  • Dropped

    Acquisition performance and integration

Reworded

  • 28% rewritten

    Growth through acquisitions

    No substantive textual changes were made to the growth through acquisitions risk factor.

  • 26% rewritten

    In 2025, 2024, and 2023, the Company recorded pre-tax non-cash LIFO expense of $4.4 million, $5.1 million, and $6.9 million, respectively. See Note 3 to the Consolidated Financial Statements, Inventories

    Updated LIFO reserve from $100.2 million to $104.6 million, and potential postponed income tax repayment from $21.0 million to $22.0 million.

    Was: In 2024, 2023, and 2022, the Company recorded pre-tax non-cash LIFO expense of $5.1 million, $6.9 million, and $18.0 million, respectively. See Note 4 to the Consolidated Financial Statements, Inventories

All 19 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01Intellectual property security
  2. 02Growth through acquisitions28% rewritten
  3. 03The Company has substantial indebtedness, which may impact the Company’s financial condition and the way it operates its business
  4. 04challenges to repaying or refinancing any of the Company’s debt
  5. 05Impairment in the value of intangible assets, including goodwill
  6. 06Defined benefit pension plan settlement expense
  7. 07In 2025, 2024, and 2023, the Company recorded pre-tax non-cash LIFO expense of $4.4 million, $5.1 million, and $6.9 million, respectively. See Note 3 to the Consolidated Financial Statements, Inventories26% rewritten
  8. 08Family ownership of common equity
  9. 09Continuation of current and projected future business environment
  10. 10Highly competitive markets
  11. 11Availability and costs of raw materials and labor
  12. 12Artificial intelligence presents risks and challenges that can impact our business
  13. 13Compliance with, and costs related to, a variety of import and export laws and regulations
  14. 14U.S. trade policy, including the implementation of tariffs, could adversely affect the Company’s business and financial resultsNew
  15. 15Environmental compliance costs and liabilities
  16. 16Exposure to fluctuations in foreign currency exchange rates
  17. 17Conditions in foreign countries in which the Company conducts business
  18. 18Insurrections, armed conflicts, terrorism or war
  19. 19Changes in our tax rates and exposure to additional income tax liabilities

Other Gorman Rupp 10-Ks

  • FY2024 10-K risk factors
    19 risks

    Substantial debt including a $370 million term loan and $100 million revolving facility creates financial pressure.

    Filed Mar 03, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.