September 2022 Presentation
APPENDIX
GR
GORMAN-RUPP
COMPANY
The Pump People
The Gorman-Rupp Company Non-GAAP Measures
This presentation includes certain non-GAAP financial data and measures such as adjusted net income, adjusted earnings per share
and adjusted earnings before interest, taxes, depreciation and amortization, referred to as "adjusted EBITDA". Adjusted net income is
net income excluding non-cash pension settlement charges, one-time acquisition costs, amortization of step up in value of acquired
inventories, and amortization of customer backlog. Adjusted earnings per share is earnings per share excluding non-cash pension
settlement charges per share, one-time acquisition costs per share, amortization of step up in value of acquired inventories per share,
and amortization of customer backlog per share and adjusted EBITDA is net income (loss) excluding interest, taxes, depreciation and
amortization, adjusted to exclude non-cash pension settlement charges, one-time acquisition costs, amortization of step up in value
of acquired inventories, and amortization of customer backlog. Management utilizes these adjusted financial data and measures to
assess comparative operations against those of prior periods without the distortion of non-comparable factors. The inclusion of these
adjusted measures should not be construed as an indication that the Company's future results will be unaffected by unusual or
infrequent items or that the items for which the Company has made adjustments are unusual or infrequent or will not recur. The
Gorman-Rupp Company believes that these non-GAAP financial data and measures also will be useful to investors in assessing the
strength of the Company's underlying operations from period to period. These non-GAAP financial measures are not intended to
replace GAAP financial measures, and they are not necessarily standardized or comparable to similarly titled measures used by other
companies. Following is a reconciliation of non-GAAP measures, which includes descriptions of actual adjustments made in the
current period and the corresponding prior period.
SEPTEMBER 2022 PRESENTATION
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