Every 10-Q that Gencor Industries, Inc. (GENC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GENC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GENC filings page.
Gencor Industries reported stronger quarterly results for the quarter ended June 30, 2026. Net revenue rose to $33.8 million from $27.0 million, driven mainly by higher contract equipment revenue recognized over time and associated freight revenue. Gross margin improved to 27.9% from 26.5%, and operating income increased to $5.8 million from $3.1 million, expanding operating margin to 17.2%.
Net income for the quarter increased 48.5% to $5.7 million, or $0.39 per share, from $3.8 million, or $0.26 per share, aided by higher revenue, better margins and lower SG&A. For the nine months, net revenue was $91.2 million versus $96.6 million, with net income of $13.0 million versus $13.7 million, as earlier quarters saw delayed orders and higher trade show costs.
The balance sheet remains debt‑free with $26.3 million in cash and $137.9 million in marketable securities. Backlog increased to $79.2 million from $26.2 million a year earlier, and working capital was $211.3 million. Management continues to remediate previously identified material weaknesses in internal control over financial reporting, which remain unresolved.
Gencor Industries, Inc. reported lower sales but remained profitable in its quarter and six months ended March 31, 2026. Quarterly net revenue was $33.8 million versus $38.2 million a year earlier, while six‑month revenue declined to $57.4 million from $69.6 million, mainly from weaker contract equipment sales.
Despite the revenue drop, gross margins improved to 31.7% for the quarter and 30.4% year‑to‑date, helped by mix and cost control. Quarterly net income fell to $3.8 million, or $0.26 per share, from $6.1 million, or $0.42, and six‑month net income declined to $7.3 million, or $0.50 per share, from $9.9 million, or $0.68.
The company had $43.5 million in cash and cash equivalents and $111.7 million in marketable securities, with no debt, and reported backlog of $60.5 million. Management highlighted seasonal demand, uncertainty over U.S. infrastructure funding, tariff‑related developments and inflationary pressures. Previously disclosed material weaknesses in internal control over financial reporting remain under remediation. A change in control involving the president’s ownership interests occurred May 1, 2026, and the chief financial officer plans to retire June 10, 2026, with an interim CFO already appointed.
Gencor Industries reported net revenue of $23,577,000 for the quarter ended December 31, 2025, down 25% from $31,416,000 a year earlier, mainly from weaker contract equipment sales. Gross margin improved to 28.7% from 27.6% as higher-margin parts and freight made up a larger mix.
Net income declined to $3,442,000 from $3,817,000, with earnings per share at $0.23 versus $0.26. The company held $36,731,000 in cash and $111,003,000 in marketable securities and had no debt, while backlog rose to $57.4 million. Management again disclosed material weaknesses in internal control over financial reporting and said disclosure controls were not effective.
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.