MARKET COMPOSITE
GENC - Gencor Industries, Inc.8:00:00 PM 3/28/2024
Price
$16.69
+ 0.33 (2.02%)
Gencor Industries, Inc., together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. The company offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants. It also provides combustion systems that transform solid, liquid, or gaseous fuels into usable energy, or burn multiple fuels in asphalt and aggregate drying industries; soil remediation machines; and combustion systems for rotary dryers, kilns, fume and liquid incinerators, and fuel heaters, as well as industrial incinerators. In addition, the company offers thermal fluid heat transfer systems that transfer heat for storage, heating, and pumping viscous materials, such as asphalt, chemicals, heavy oils, etc. in various industrial and petrochemical applications; and specialty storage tanks for various industrial uses. It sells its products primarily to the highway construction industry through its sales representatives, and independent dealers and agents worldwide. The company was formerly known as Mechtron International Corporation and changed its name to Gencor Industries, Inc. in 1987. Gencor Industries, Inc. is based in Orlando, Florida.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue26MM+25%
Gross Profit7.5MM+14%
Cost Of Revenue18.5MM+30%
Operating Income3.4MM+26%
Operating Expenses4.2MM+6%
Net Income4.3MM+39%
R&D801K-5%
G&A3.4MM+9%
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Stock news

    Enhanced Gross Margins and Operating Income Highlight Gencor's First Quarter Performance

    ORLANDO, Fla., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenues for the quarter ended December 31, 2023 of $26,018,000 increased slightly over net revenues for the quarter ended December 31, 2022 of $25,825,000. Increased revenues from parts sales and contract equipment sales recognized over time were mostly offset by decreased revenues from contract equipment sales recognized at a point in time. As a percent

    Year-End Financials Show Resilience Amidst Shipping Delays

    ORLANDO, Fla., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenue for the fourth quarter of 2023 of $20.9 million compared to $23.1 million for the quarter ended September 30, 2022. The change in net revenue reflects reduced shipments on point-in-time contract orders due to timing of customer shipments. Gross profit as a percentage of net revenue was 31.7% for the quarter ended September 30, 2023, an increase fr

    ORLANDO, Fla., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenues of $27,877,000 for the quarter ended June 30, 2023 compared to $29,647,000 for the quarter ended June 30, 2022. Gross margins for the quarter ended June 30, 2023 were 26.9% compared with 19.2% for the quarter ended June 30, 2022 on increased efficiency, absorption, and favorable price realization. Product engineering and development expenses decr

    ORLANDO, Fla., May 12, 2023 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American LLC: GENC) announced today net revenues of $30,501,000 for the quarter ended March 31, 2023 compared to $30,654,000 for the quarter ended March 31, 2022. Gross profit margins for the quarter ended March 31, 2023 were 29.8% compared with 20.2% for the quarter ended March 31, 2022 on increased efficiency, absorption and favorable price realization. Product engineering and development

    ORLANDO, Fla., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenues increased 28.4% to $25,825,000 for the quarter ended December 31, 2022 compared to $20,106,000 for the quarter ended December 31, 2021, due to higher contract equipment and parts sales. Gross margins were 22.5% for the quarter ended December 31, 2022 compared to 18.4% for the quarter ended December 31, 2021 on increased production and favorable p

    ORLANDO, Fla., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenue for the fourth quarter of 2022 increased 15.5% to $23.1 million compared to $20.0 million for the quarter ended September 30, 2021. The increased net revenues reflect increased shipments and progress on large contract orders where revenue is recognized over time. Gross profit as a percentage of net revenue was 21.5% for the quarter ended September

    ORLANDO, Fla., Aug. 12, 2022 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenues of $29.6 million for the quarter ended June 30, 2022 compared to $24.9 million for the quarter ended June 30, 2021. Gross margins for the quarter ended June 30, 2022 were 19.2% compared with 22.5% for the quarter ended June 30, 2021. Higher manufacturing costs associated with wages, steel, and purchased parts continued to impact the Company’s ope

    ORLANDO, Fla., July 19, 2022 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company”) (NASDAQ: GENC) today announced that it is transferring the listing of its common stock, $0.10 per share par value (the “Common Stock”), to the New York Stock Exchange American (“NYSE American”) from the NASDAQ Global Market (“NASDAQ”). The Company expects that listing and trading of its Common Stock on NASDAQ will end at market close on July 29, 2022 and that trading will commence on the NYSE American at the