STOCK TITAN

Gencor Industries, Inc. - GENC STOCK NEWS

Welcome to our dedicated news page for Gencor Industries (Ticker: GENC), a resource for investors and traders seeking the latest updates and insights on Gencor Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Gencor Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Gencor Industries's position in the market.

Rhea-AI Summary
Gencor Industries, Inc. reported a slight increase in net revenues for the quarter ended December 31, 2023, compared to the same period in 2022. Gross profit margins improved to 29.0% due to better manufacturing efficiencies and favorable price realization. Operating income increased to $3,383,000, and net income for the quarter was $4,326,000, or $0.30 per basic and diluted share. The company had no outstanding short-term or long-term debt at December 31, 2023, with $104.8 million in cash and marketable securities. The backlog was $61.3 million, representing a 44% year-over-year increase. Gencor is optimistic about fiscal 2024 and beyond, with a strong demand for road work and a robust quoting activity. The company's President, Mr. Marc Elliott, highlighted the company's substantial backlog and increased gross profit, attributing them to improved manufacturing costs and efficiencies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
Tags
-
Rhea-AI Summary
Gencor Industries, Inc. (GENC) reported a net revenue of $20.9 million for Q4 2023, lower than the $23.1 million in Q3 2022. The company's gross profit margin increased to 31.7% from 21.5% in the same period. Operating income for Q4 2023 was $2.7 million compared to $1.2 million in Q3 2022. For the fiscal year 2023, net revenue increased to $105.1 million from $103.5 million in 2022, with a gross profit margin of 27.6%. The company's net income for 2023 was $14.7 million, compared to a net loss of $(0.4) million in 2022. Gencor's working capital increased to $164.8 million in 2023 from $150.1 million in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.84%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.26%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.79%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.92%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Gencor Industries, Inc.

NYSE:GENC

GENC Rankings

GENC Stock Data

249.77M
10.28M
17.22%
57.11%
0.2%
Iron and Steel Forging
Manufacturing
Link
United States
Orlando

About GENC

gencor industries, inc., is the leading manufacturer of asphalt plants, soil remediation plants, combustion systems and screening equipment for the road and highway construction industry. gencor industries leads the industry with some of the most respected and recognized names. bituma, general combustion (genco), hyway, and h&b (hetherington & berner) have earned their reputation with over 100 years of quality and integrity. each company, a leader in its field, is dedicated to producing cutting edge technology and the highest quality equipment to highway contractors. as a leading global manufacturer, gencor maintains three state-of-the-art manufacturing facilities, servicing north america, europe, the middle east, and asia. headquartered in central florida, gencor is a respected top employer and global industry leader, continually achieving advances in construction machinery technology by staying two generations ahead of all competition. the key mission at gencor is to be the technol