Welcome to our dedicated page for Gencor Industres SEC filings (Ticker: GENC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Gencor Industries, Inc. (GENC) SEC filings page brings together the company’s regulatory disclosures filed with the U.S. Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and proxy statements on Schedule 14A. Gencor describes itself in these documents as a diversified heavy machinery manufacturer for the production of highway construction materials and equipment and environmental control machinery and equipment used in a variety of applications, with one reporting segment focused on equipment for the highway construction industry.
Through its periodic reports, Gencor provides detailed financial statements, notes, and management discussion of results, including information about net revenue, cost of goods sold, gross profit, operating expenses such as product engineering and development and selling, general and administrative expenses, operating income, other income items, and income tax expense. Balance sheet disclosures include data on cash and cash equivalents, marketable securities, contract assets, inventories, customer deposits, and shareholders’ equity, as illustrated in the company’s published consolidated and condensed consolidated financial statements.
Current Reports on Form 8-K give timely updates on specific events, such as the release of quarterly and annual earnings, notices from NYSE Regulation regarding late SEC filings, extensions granted to regain NYSE American continued listing compliance, and subsequent notifications that the company has regained compliance after filing delinquent reports. Other 8-K filings describe governance matters, including the retirement of the Executive Chairman, the appointment of a new Chairman, and the results of stockholder votes at the annual meeting.
The definitive proxy statement (DEF 14A) provides additional detail on the company’s capital structure, voting rights of common and Class B stock, the composition and election of the Board of Directors, and the process for ratifying the independent registered public accounting firm. With AI-powered tools layered on top of these filings, users can quickly surface key points from lengthy documents, understand the context of Gencor’s financial reporting, and locate specific disclosures related to its highway construction equipment and environmental control machinery business.
Gencor Industries, Inc. reports a planned leadership transition. On December 17, 2025, founder and longtime leader EJ Elliott informed the Board that he will retire as Executive Chairman, effective December 31, 2025. He founded Gencor in 1968, has served as Chairman of the Board since then, and was Chief Executive Officer from 1968 to 2016.
In connection with this retirement, the Board has appointed Marc Elliott, currently Gencor’s President and a director since 2007, to become Chairman effective January 1, 2026. The company also issued a press release about this transition, furnished as Exhibit 99.1.
Gencor Industries reports modest growth for the year ended September 30, 2025, while disclosing significant control issues. Net revenue rose 2.0% to $115.4 million, driven by higher equipment sales recognized over time and stronger parts and component sales. Gross margin was essentially flat at 27.5%, and operating income increased to $14.0 million. Net income grew to $15.7 million, or $1.07 per share, helped by interest and dividend income and gains on a sizable investment portfolio.
The balance sheet remains very strong, with $26.6 million in cash and cash equivalents, $109.7 million in marketable securities, no long‑term debt, and working capital of $197.7 million. However, the order environment softened, as backlog dropped to $28.2 million from $72.2 million a year earlier, which could weigh on future revenue if not rebuilt.
A key concern is governance and reporting. Management concluded that internal control over financial reporting and disclosure controls were not effective as of September 30, 2025, and the external auditor issued an adverse opinion on internal control, citing material weaknesses, even though the financial statements themselves received an unqualified opinion.
Gencor Industries, Inc. filed a current report to announce that it has released its financial results for the full year and fourth quarter of fiscal 2025. The company did this by issuing a press release, which is included as Exhibit 99.1 to the report.
The disclosure explains that this earnings information is being furnished rather than filed under securities laws, meaning it is mainly for informational purposes and will only be incorporated into other documents if specifically referenced.
Gencor Industries, Inc. (GENC) is soliciting proxies for its 2025 Annual Meeting to be held on September 26, 2025 at its Orlando offices. Only holders of record as of August 11, 2025 may vote. The Board asks shareholders to: elect one Common-stock director nominee (General John G. Coburn) and four Class B directors (E.J. Elliott, Marc G. Elliott, Walter A. Ketcham, Jr., Thomas Vecchiolla) and to ratify the appointment of Berkowitz Pollack Brant Advisors + CPAs as auditors for the 2025 fiscal year.
The filing discloses governance and compensation details: 12,338,845 shares of Common Stock and 2,318,857 shares of Class B Stock were outstanding at the record date; net income was $14.56 million in fiscal 2024; the President’s 2024 salary was $950,000; the Board affirms a majority of independent directors and an Audit Committee financial expert. The proxy notes concentrated family ownership (Class B shares are 100% held by directors/officers as a group) and that compensation is principally fixed with a limited relationship between pay and TSR.
Gencor Industries (GENC) reported a solid fiscal Q3 2025 (quarter ended 6/30/25):
- Revenue rose 5.6% YoY to $26.99 m, driven by higher point-in-time equipment and parts sales.
- Gross margin expanded to 26.5% (23.9% p/y) on a more profitable mix and lower manufacturing costs.
- Operating income jumped 58% to $3.14 m as operating expenses fell 2%.
- Net income increased 49.6% to $3.83 m; EPS improved to $0.26 vs $0.17.
- Year-to-date (9 mo) revenue rose 4.7% to $96.6 m and EPS grew 5.6% to $0.94.
Balance sheet strength remains exceptional: cash & marketable securities climbed to $136.0 m (62% of total assets) with no debt; equity rose to $209.9 m. Inventories fell $10.9 m while slow-moving allowances increased $1.6 m.
Cash flow: Operating cash shrank to $3.3 m (vs $12.5 m p/y) due mainly to a $17.6 m shift of cash into the investment portfolio and higher contract assets.
Key watch-points:
- Backlog fell to $26.2 m from $46.6 m YoY, signalling softer forward demand.
- Customer concentration: one customer represented 17.7% of quarterly revenue.
- Internal control material weaknesses (ITGCs, period-end close, third-party SOC report review) remain unremediated.
Overall, stronger margins and earnings highlight effective cost control and investment income, but backlog erosion, weakening operating cash flow and unresolved control issues temper the outlook.
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