GENC

ORLANDO, Fla., May 12, 2026 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) hereby withdraws and retracts its press release dated May 8, 2026, titled “Gencor Industries, Inc. Releases Second Quarter Fiscal 2026 Results” (the “Prior Release”). The Prior Release was issued before the Company had completed its review of the Company’s financial statements for the quarter ended March 31, 2026 and should be disregarded in its entirety. Investors and other recipients should not rely on any information contained in the Prior Release, including the preliminary results of operations for the quarter ended March 31, 2026 reported therein. The Company cautions that no conclusions should be drawn from the Prior Release regarding the Company’s actual financial condition, results of operations, or business prospects for the quarter ended March 31, 2026, or any other period. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Gencor Industries Inc. (GENC) on Friday reported earnings of $6 million in its fiscal second quarter. On a per-share basis, the Orlando, Florida-based company said it had profit of 41 cents. The maker of heavy machinery used for highway construction posted revenue of $33.8 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GENC at https://www.zacks.com/ap/GENC

ORLANDO, Fla., May 08, 2026 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenue for the quarter ended March 31, 2026 was $33,799,000 compared with $38,204,000 net revenue for the quarter ended March 31, 2025. The decrease in net revenue was primarily due to lower contract equipment revenues recognized over time and associated freight revenue, which resulted from the timing of orders and shipments. As a percentage of net revenue, gross profit margins increased 200 basis points to 31.7% in the quarter ended March 31, 2026, compared to 29.7% in the quarter ended March 31, 2025. Product engineering and development expenses decreased $52,000 to $629,000 for the quarter ended March 31, 2026, as compared to $681,000 for the quarter ended March 31, 2025 primarily due to lower headcount. Selling, general and administrative (“SG&A”) expenses decreased $1,270,000 to $2,922,000 for the quarter ended March 31, 2026, compared to $4,192,000 for the quarter ended March 31, 2025 primarily due to reduced professional services expenses. Operating income increased 10.4%, or $677,000, from $6,480,000 for the quarter ended March 31, 2025 to $7,157,000 for the quarter ended March 31, 2026, primarily due to lower SG&A expenses. The operating margin was 21.1% for the quarter ended March 31, 2026 compared with 17.0% for the quarter ended March 31, 2025. For the quarter ended March 31, 2026, the Company had net other income of $937,000, compared to $1,756,000 for the quarter ended March 31, 2025. Interest and dividend income, net of fees, was $1,111,000 in the quarter ended March 31, 2026 as compared to $1,158,000 in the quarter ended March 31, 2025. The net realized and unrealized losses on marketable securities were $174,000 for the quarter ended March 31, 2026, compared to net realized and unrealized gains of $598,000 for the quarter ended March 31, 2025. The decline in net realized and unrealized gains was due to slightly higher interest rates on longer duration bonds that caused a decline in value. The effective income tax rate for both the quarters ended March 31, 2026 and March 31, 2025 was 26.0% based on the expected annual effective income tax rate. Net income for the quarter ended March 31, 2026 decreased $105,000 or 1.7% to $5,990,000, or $0.41 basic and diluted net income per common share, from $6,095,00...

Shares of Gencor Industries, Inc. GENC have gained 15.3% since the company reported its earnings for the quarter ended Dec. 31, 2025, outperforming the S&P 500 Index’s 1.6% rise over the same period. Over the past month, the stock gained 14.4% against a 0.9% decline for the broader index. For the quarter ended Dec. 31, 2025, net revenues fell 24.9% to $23.6 million from $31.4 million in the prior-year period. The decline was primarily due to lower contract equipment sales amid delays and uncertainty surrounding the replacement of the current five-year Federal infrastructure spending bill, which is set to expire on Sept. 30, 2026. Gross profit decreased 22.1% to $6.8 million from $8.7 million a year ago, though gross margin improved to 28.7% from 27.6%, reflecting a more favorable sales mix. Net income declined 9.8% to $3.4 million, or $0.23 per share, from $3.8 million, or $0.26 per share, in the year-ago quarter. The revenue decline was concentrated in contract equipment sales, partially offset by higher parts and component sales as well as freight revenue. The stronger aftermarket activity helped lift overall gross margin, as parts and components typically carry higher margins than contract equipment. This shift in sales mix cushioned the impact of lower total revenues on profitability. Operating income fell 32.9% to $3.1 million from $4.6 million in the prior-year quarter, largely reflecting the drop in revenues. Product engineering and development expenses increased 11.9% to $0.8 million from $0.7 million, while selling, general and administrative expenses declined 13.9% to $2.9 million from $3.4 million due to lower commissions and professional service fees. Other income provided a notable offset. Net other income rose to $1.6 million from $0.5 million, aided by $0.4 million in realized and unrealized gains on marketable securities against a $0.5 million loss in the prior-year period. The effective tax rate remained steady at 26% in both periods. Gencor Industries Inc. price-consensus-eps-surprise-chart | Gencor Industries Inc. Quote Gencor maintained a strong balance sheet with $147.7 million in cash, cash equivalents and marketable securities as of Dec. 31, 2025, up from $136.3 million as of Sept. 30, 2025. The company reported no short-term or long-term debt outstanding at quarter-end. Net working capital improved to $200.9 million from $197.7 millio...

ORLANDO, Fla., Feb. 06, 2026 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenue for the quarter ended December 31, 2025 was $23,577,000 compared with $31,416,000 for the quarter ended December 31, 2024 a decrease of $7,839,000. Net revenue from contract equipment sales decreased in the quarter ended December 31, 2025. The decrease in contract equipment sales was due primarily to delays and uncertainty around replacement of the current five year Federal infrastructure spending bill which is scheduled to expire on September 30, 2026. As a percent of sales, gross profit margins were 28.7% in the quarter ended December 31, 2025, compared to 27.6% in the quarter ended December 31, 2024. The improved gross margins were driven by increased parts and components sales which typically have a higher margin compared to contract equipment sales. Product engineering and development expenses increased $81,000 to $758,000 for the quarter ended December 31, 2025, as compared to $677,000 for the quarter ended December 31, 2024. Selling, general and administrative (“SG&A”) expenses decreased $471,000 to $2,896,000 for the quarter ended December 31, 2025, compared to $3,367,000 for the quarter ended December 31, 2024 due to lower commissions and professional service fees. The Company had operating income of $3,101,000 for the quarter ended December 31, 2025 as compared to $4,624,000 for the quarter ended December 31, 2024. The decrease in operating income was due to lower revenues in the quarter ended December 31, 2025. For the quarter ended December 31, 2025, the Company had net other income of $1,550,000 compared to $534,000 for the quarter ended December 31, 2024. Included in net other income for the quarter ended December 31, 2025 were net realized and unrealized gains on marketable securities of $373,000 compared to net realized and unrealized losses of $(455,000) for the quarter ended December 31, 2024. The effective income tax rates for the quarters ended December 31, 2025 and December 31, 2024 were 26.0%. Net income for the quarter ended December 31, 2025 was $3,442,000, or $0.23 per basic and diluted common share, compared to net income of $3,817,000, or $0.26 per basic and diluted common share for the quarter ended December 31, 2024. At December 31, 2025, the Company had $147.7 million of cash and...

ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Gencor Industries Inc. (GENC) on Friday reported profit of $3.4 million in its fiscal first quarter. On a per-share basis, the Orlando, Florida-based company said it had profit of 23 cents. The maker of heavy machinery used for highway construction posted revenue of $23.6 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GENC at https://www.zacks.com/ap/GENC

Shares of Gencor Industries, Inc. GENC gained 4.1% since the company reported results for the quarter ended Sept. 30, 2025, against a 0.4% decline in the S&P 500 Index over the same period. Over the past month, however, Gencor shares slipped 0.8%, lagging the S&P 500’s 2.8% advance. For the fourth quarter of fiscal 2025, Gencor reported net revenues of $18.8 million, a decline of 10% from $20.9 million in the year-ago period. Gross profit margin narrowed to 24.2% from 25.6% a year earlier, reflecting reduced manufacturing overhead absorption. The company posted an operating loss of $0.2 million for the quarter, against an operating income of $1.2 million in the prior-year quarter, due to lower gross margin and higher selling, general and administrative (SG&A) expenses. Despite this, quarterly net income increased to $1.9 million from $1.5 million a year ago, aided by non-operating income and an income tax benefit. For the full fiscal year ended Sept. 30, 2025, net revenue rose 2% to $115.4 million from $113.2 million, while net income climbed 7.6% to $15.7 million, or $1.07 per share, from $14.6 million, or $0.99 per share, in fiscal 2024, underscoring modest top-line growth and improved profitability on an annual basis. Gencor’s gross profit for fiscal 2025 was $31.7 million, up 1.2% from $31.3 million in the prior year, as a stable margin offset the revenue increase. Gross margin remained relatively stable at 27.5% compared with 27.7% a year earlier. Product engineering and development expenses declined 16.8% to $2.8 million in fiscal 2025 from $3.3 million in fiscal 2024, reflecting reduced headcount, while SG&A expenses increased 4.3% to $14.9 million from $14.3 million, largely due to higher professional fees and commissions tied to increased sales. Operating income for the year improved 2.4% to $14 million from $13.7 million in fiscal 2024. Liquidity remained a notable strength. As of Sept. 30, 2025, Gencor held $136.3 million in cash and marketable securities, compared with $115.4 million in fiscal 2024, and reported working capital of $197.7 million, compared with $182.2 million at Sept. 30, 2024. GENC continued to operate with no short-term or long-term debt. However, backlog declined sharply to $23.6 million as of Dec. 1, 2025, from $56.2 million a year earlier, signaling potential near-term revenue pressure. Gencor Industries Inc. price-consensus-...

ORLANDO, Fla., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenue for the fourth quarter ended September 30, 2025 of $18.8 million, down 10.0% from $20.9 million net revenue for the quarter ended September 30, 2024. Gross profit as a percentage of net revenue was 24.2% for the quarter ended September 30, 2025, compared to 25.6% for the quarter ended September 30, 2024. The lower gross profit margin in fiscal 2025 was due to reduced manufacturing overhead absorption. Operating loss for the quarter ended September 30, 2025 was ($0.2) million compared to operating income of $1.2 million for the quarter ended September 30, 2024 due to lower gross profit margins and higher selling, general and administrative (“SG&A”) expenses. The Company had net non-operating income of $1.9 million for the quarter ended September 30, 2025 compared to $2.5 million for the quarter ended September 30, 2024. The Company had an income tax benefit of ($0.3) million for the quarter ended September 30, 2025 compared to income tax expense of $2.3 million for the quarter ended September 30, 2024. Net income for the quarter ended September 30, 2025 was $1.9 million compared to $1.5 million for the quarter ended September 30, 2024. For the year ended September 30, 2025 net revenue increased 2.0% to $115.4 million from $113.2 million for the year ended September 30, 2024. Gross profit margin was relatively unchanged at 27.5% in fiscal 2025 compared to 27.7% in fiscal 2024. Product engineering and development expense in fiscal 2025 decreased $555,000 to $2,758,000 from $3,313,000 in fiscal 2024 due to reduced headcount. Selling, General & Administrative (“SG&A”) expenses in fiscal 2025 increased $610,000 to $14,937,000 from $14,327,000 in fiscal 2024. The increase in SG&A expenses was primarily due to increased professional fees and commissions on higher net revenue. Fiscal 2025 operating income was $14,018,000 versus $13,687,000 in fiscal 2024. The benefit of increased sales in fiscal 2025 on similar gross margins to fiscal 2024 drove the higher operating income. For the year ended September 30, 2025, the Company had net other income of $6,181,000 compared to $7,043,000 for the year ended September 30, 2024. Interest and dividend income, net of fees, was $4,373,000 for the year ended September 30, 2025 as co...

ORLANDO, Fla., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenue increased 5.6% for the quarter ended June 30, 2025 to $26,986,000 from $25,551,000 for the quarter ended June 30, 2024. Revenue from contract equipment sales recognized at a point in time and parts revenues increased in the quarter ended June 30, 2025. As a percent of sales, gross profit margins were 26.5% in the quarter ended June 30, 2025, compared to 23.9% in the quarter ended June 30, 2024 due to improved production activities. Product engineering and development expenses decreased $83,000 to $741,000 for the quarter ended June 30, 2025, as compared to $824,000 for the quarter ended June 30, 2024, due to reduced headcount. Selling, general and administrative (“SG&A”) expenses were relatively unchanged at $3,265,000 for the quarter ended June 30, 2025, compared to $3,290,000 for the quarter ended June 30, 2024. The Company had operating income of $3,137,000 for the quarter ended June 30, 2025 as compared to $1,993,000 for the quarter ended June 30, 2024. The increase in operating income was due primarily to higher revenues and improved gross margins in the quarter ended June 30, 2025. For the quarter ended June 30, 2025, the Company had net other income of $2,036,000 compared to $1,329,000 for the quarter ended June 30, 2024. Included in net other income for the quarter ended June 30, 2025 were net realized and unrealized gains on marketable securities of $894,000 compared to $363,000 for the quarter ended June 30, 2024. The effective income tax rates for the quarters ended June 30, 2025 and June 30, 2024 were 26.0% and 23.0%, respectively. Net income for the quarter ended June 30, 2025 was $3,828,000, or $0.26 per basic and diluted common share, compared to net income of $2,558,000, or $0.17 per basic and diluted common share for the quarter ended June 30, 2024. For the nine months ended June 30, 2025 the Company had net revenue of $96,606,000 and net income of $13,740,000, or $0.94 per basic and diluted common share, compared to net revenue of $92,245,000 and net income of $13,106,000 or $0.89 per basic and diluted common share for the nine months ended June 30, 2024. At June 30, 2025, the Company had $136.0 million of cash and cash equivalents and marketable securities compared to $115.4 million at Septe...

ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Gencor Industries Inc. (GENC) on Friday reported net income of $3.8 million in its fiscal third quarter. The Orlando, Florida-based company said it had net income of 26 cents per share. The maker of heavy machinery used for highway construction posted revenue of $27 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GENC at https://www.zacks.com/ap/GENC

Shares of Gencor Industries, Inc. GENC have gained 4.1% since the company reported its earnings for the quarter ended March 31, 2025. This compares to the S&P 500 Index’s 0.1% gain over the same time frame. Over the past month, the stock gained 4.9% compared with the S&P 500’s 3% rise. For the second quarter of fiscal 2025, Gencor reported net revenues of $38.2 million, down 6.1% from $40.7 million in the prior-year quarter. This decline was mainly driven by lower contract equipment sales recognized at a point in time due to shipment timing. Despite this, gross profit remained solid at $11.4 million, though it fell 7.9% from $12.3 million a year ago. Gross margin compressed modestly to 29.7% from 30.3% as material costs edged higher. Net income for the quarter ended March 31, 2025, was $6.1 million, down 2% from $6.2 million a year earlier. Earnings per share remained unchanged at $0.42 per basic and diluted common share. For the six months, Gencor posted $69.6 million in revenues, up 4.4% from $66.7 million in the comparable 2024 period, while net income declined to $9.9 million, or $0.68 per share, from $10.5 million, or $0.72 per share. Operating income for the quarter was $6.5 million, down 8.4% from $7.1 million in the same quarter last year. The drop was attributed to lower revenues. Operating expenses declined 7.2% to $4.9 million from $5.3 million, reflecting cost control efforts—most notably a 23.7% reduction in product engineering and development costs due to reduced headcount. Selling, general and administrative expenses were trimmed by 3.8% due to lower sales commissions. Net other income increased 74.2% to $1.8 million from $1 million, helped by a $598,000 gain on marketable securities and higher interest and dividend income due to stronger returns on a larger cash position. Gencor’s balance sheet remained robust with no short- or long-term debt. As of March 31, 2025, Gencor held $52.3 million in cash and $91.4 million in marketable securities, up from a combined $115.4 million as of Sept. 30, 2024. Gencor Industries Inc. price-consensus-eps-surprise-chart | Gencor Industries Inc. Quote Marc Elliott, Gencor’s president, expressed satisfaction with the company's overall performance, especially highlighting strong first-quarter results. Elliott noted that despite a slight decline in fiscal second-quarter revenues, GENC’s six-month revenue and oper...

ORLANDO, Fla., July 25, 2025 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenue for the quarter ended March 31, 2025 of $38,204,000 decreased 6.1% from net revenue for the quarter ended March 31, 2024 of $40,676,000. Revenue from contract equipment sales recognized at a point in time decreased slightly in the quarter ended March 31, 2025. As a percent of sales, gross profit margins were 29.7% in the quarter ended March 31, 2025, compared to 30.3% in the quarter ended March 31, 2024 due to a marginally higher material costs. Product engineering and development expenses decreased $212,000 to $681,000 for the quarter ended March 31, 2025, as compared to $893,000 for the quarter ended March 31, 2024, due to reduced headcount. Selling, general and administrative (“SG&A”) expenses decreased to $4,192,000 for the quarter ended March 31, 2025, compared to $4,357,000 for the quarter ended March 31, 2024 due to reduced commissions on lower revenues. The Company had operating income of $6,480,000 for the quarter ended March 31, 2025 as compared to $7,072,000 for the quarter ended March 31, 2024. The decrease in operating income was due primarily to lower revenues in the quarter ended March 31, 2025. For the quarter ended March 31, 2025, the Company had net other income of $1,756,000 compared to $1,008,000 for the quarter ended March 31, 2024. Included in net other income for the quarter ended March 31, 2025 were net realized and unrealized gains on marketable securities of $598,000 compared to $205,000 for the quarter ended March 31, 2024. The effective income tax rates for the quarters ended March 31, 2025 and March 31, 2024 were 26.0% and 23.0%, respectively. Net income for the quarter ended March 31, 2025 was $6,095,000, or $0.42 per basic and diluted common share, compared to net income of $6,222,000, or $0.42 per basic and diluted common share for the quarter ended March 31, 2024. For the six months ended March 31, 2025 the Company had net revenue of $69,620,000 and net income of $9,912,000, or $0.68 per basic and diluted common share, compared to net revenue of $66,694,000 and net income of $10,548,000 or $0.72 per basic and diluted common share for the six months ended March 31, 2024. At March 31, 2025, the Company had $143.7 million of cash and cash equivalents and marketable securities comp...