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Gencor Industries, Inc. reports recurring developments tied to its highway-construction equipment business and related environmental control equipment. Company updates focus on contract equipment sales, parts and components demand, gross margin trends, manufacturing overhead absorption, product engineering and development expense, and selling, general and administrative costs.
Gencor manufactures heavy machinery used in the production of highway construction materials, including hot mix asphalt plants, asphalt pavers, combustion systems, and fluid heat transfer systems. News also includes annual and quarterly earnings releases, order and shipment timing, infrastructure-spending demand factors, and governance changes involving the board and executive leadership.
Gencor Industries (NYSE American: GENC) withdrew and retracted its May 8, 2026 preliminary second quarter fiscal 2026 earnings release. That prior release was issued before completion of the review of financial statements for the quarter ended March 31, 2026 and should be disregarded entirely.
The company advises investors not to rely on any information or preliminary results in the prior release and not to draw conclusions about its financial condition, results of operations, or business prospects for that or any other period.
Gencor (NYSE American: GENC) reported Q2 fiscal 2026 net revenue of $33,799,000, down from $38,204,000 a year earlier. Gross margin rose 200 basis points to 31.7%. Operating income increased to $7,157,000 and operating margin was 21.1%. Net income was $5,990,000 or $0.41 per share. Cash and marketable securities totaled $155.1 million and the company had no debt. Backlog was $60.5 million, more than double the prior year.
Gencor (NYSE: GENC) reported Q1 FY2026 net revenue of $23.577M, down from $31.416M a year earlier, driven by weaker contract equipment sales and government spending uncertainty. Gross margin improved to 28.7%. Operating income was $3.101M and net income was $3.442M ($0.23/share). Cash and marketable securities totaled $147.7M, backlog was $57.4M, and the company reported no short- or long-term debt.
Gencor (NYSE American: GENC) announced that EJ Elliott, founder and long-time Executive Chairman, will retire effective December 31, 2025. EJ founded the company in 1968 and served as Chairman since that year; he was CEO from 1968 to 2016.
In connection with the retirement, the Board appointed Marc Elliott to serve as Chairman effective January 1, 2026. Marc has served on Gencor’s Board since 2007 and currently serves as the company’s President. Gencor manufactures heavy machinery for highway construction and environmental control equipment.
Gencor (NYSE: GENC) reported fourth-quarter net revenue of $18.8M, down 10.0% year-over-year, and fiscal 2025 net revenue of $115.4M, up 2.0% versus fiscal 2024. Gross margin was 24.2% in Q4 and 27.5% for the year. Fiscal 2025 operating income was $14.02M versus $13.69M in 2024, and net income was $15.66M, or $1.07 per share, versus $14.56M, or $0.99 per share, a year earlier. Cash and marketable securities totaled $136.3M at September 30, 2025; the company reports no short- or long-term debt. Backlog declined to $23.6M at December 1, 2025 from $56.2M a year earlier.
The company cited reduced manufacturing overhead absorption and higher SG&A as drivers of weaker Q4 margins, and noted higher interest income and investment gains supporting yearly net income and cash growth.
Gencor Industries (NYSE American: GENC) reported strong financial results for Q3 2025, with net revenue increasing 5.6% to $27.0 million compared to $25.6 million in Q3 2024. The company's gross profit margins improved to 26.5% from 23.9% year-over-year. Net income rose significantly to $3.8 million ($0.26 per share) from $2.6 million ($0.17 per share) in Q3 2024.
For the nine months ended June 30, 2025, Gencor achieved net revenue of $96.6 million and net income of $13.7 million ($0.94 per share). The company maintains a strong financial position with $136.0 million in cash and marketable securities and no debt. However, backlog decreased to $26.2 million from $46.6 million year-over-year.
Gencor Industries (NYSE American: GENC) reported its Q2 fiscal 2025 results with net revenue of $38.2 million, down 6.1% from $40.7 million in Q2 2024. Gross profit margins slightly decreased to 29.7% from 30.3% due to higher material costs.
For the six months ended March 31, 2025, the company achieved net revenue of $69.6 million and net income of $9.9 million ($0.68 per share), compared to revenue of $66.7 million and net income of $10.5 million ($0.72 per share) in the same period of 2024. The company maintains a strong financial position with $143.7 million in cash and marketable securities and no debt. However, backlog decreased to $27.8 million from $50.4 million year-over-year.
Gencor Industries (NYSE American: GENC) reported strong financial results for Q1 fiscal 2025. The company achieved net revenue of $31.4 million, marking a 20.7% increase from $26.0 million in the same quarter last year. The growth was primarily driven by higher contract equipment sales.
Despite increased revenues, gross profit margins slightly decreased to 27.6% from 29.0% year-over-year. Operating income rose to $4.6 million, up from $3.4 million, while net income decreased to $3.8 million ($0.26 per share) from $4.3 million ($0.30 per share) due to investment losses.
The company maintains a strong financial position with $130.1 million in cash and marketable securities and zero debt. The backlog stood at $54.4 million, compared to $61.3 million in the previous year.
Gencor Industries (NYSE American: GENC) reported its Q4 and fiscal year 2024 results. Q4 revenue remained steady at $20.9 million, though quarterly net income decreased to $1.5 million from $3.1 million year-over-year. For FY2024, revenue increased 7.7% to $113.2 million, while net income slightly decreased to $14.6 million ($0.99 per share) from $14.7 million.
The company maintained a strong financial position with $115.4 million in cash and marketable securities, up $14.1 million from 2023. Working capital improved to $182.2 million, with no debt. The company's backlog stood at $56.2 million as of December 1, 2024, slightly down from $57.8 million year-over-year.
Gencor Industries (NYSE American: GENC) announced that NYSE American has accepted its compliance plan and granted an extension until August 19, 2025 to submit delinquent financial reports. The company needs to file its Annual Report (10-K) for the year ended September 30, 2024, and Quarterly Reports (10-Q) for periods ended December 31, 2024, and March 31, 2025.
While currently non-compliant with listing standards, Gencor's listing continues under the extension period. The company expects to file the delinquent reports by the deadline, though there are no guarantees. Failure to comply could result in delisting from NYSE American.
Gencor manufactures heavy machinery for highway construction materials and environmental control equipment.