GENC

Shares of Gencor Industries, Inc. GENC have gained 24.4% since the company reported its earnings for the quarter ended June 30, 2026, outperforming the S&P 500 Index’s 0.4% rise over the same period. Over the past month, GENC shares have risen 12.5% compared with a 2.2% increase in the S&P 500. For the third quarter of fiscal 2026, Gencor reported net revenues of $33.8 million, up 25.3% from $26.9 million a year earlier. Basic and diluted earnings were $0.39 per share, up 50% from $0.26, while net income increased 48.5% to $5.7 million from $3.8 million. GENC operates as one reporting segment — equipment for the highway construction industry. Geographically, U.S. revenues increased 46.8% to $31.6 million, while Canadian revenues declined 67.1% to $1.8 million. Revenues from other foreign countries were $446,000 versus $9,000 a year earlier. The company’s backlog reached a record $79.2 million as of June 30, 2026, up from $26.2 million a year earlier. Gencor ended the quarter with $26.3 million in cash and cash equivalents and $137.9 million in marketable securities, bringing the combined amount to about $164.2 million. Net working capital stood at $211.3 million compared with $197.7 million as of Sept. 30, 2025, while GENC carried no short- or long-term debt. Revenue composition showed a pronounced shift toward contract equipment sales recognized over time. These revenues climbed 86.5% to $19.4 million from $10.4 million. Equipment sales recognized at a point in time declined 9.5% to $7.8 million, while parts and component sales decreased 15.1% to $5.2 million. Freight revenues fell 23.7% to $1.3 million. Gencor Industries Inc. price-consensus-eps-surprise-chart | Gencor Industries Inc. Quote President and chairman Marc Elliott said that third-quarter fiscal 2026 revenues and profits exceeded GENC’s expectations, attributing the performance to strong manufacturing execution and effective cost management. Management also linked the record backlog to Gencor’s showing at the recent Conexpo-Con/Agg event and continued industry momentum. Elliott said that the company believes it is positioned for sustainable performance through the remainder of fiscal 2026 and into fiscal 2027 as remaining Infrastructure Investment and Jobs Act funding obligations flow to states and optimism surrounds the proposed Build America 250 highway funding bill. The revenue increase was primarily driven by higher contract equipment revenues recognized over time and associated freight revenue. Gross profit increased 32.1% to $9.4 million from $7.1 million, with gross margin expanding 140 basis points to 27.9% from 26.5%. Product engineering and development expenses decreased 8.2% to $680,000 due to lower headcount, while selling, general and administrative expenses fell 9.6% to $2.9 million, primarily because of lower professional-services expenses. These factors helped operating income surge 84.9% to $5.8 million and lifted operating margin to 17.2% from 11.6%. The earnings benefit was partly offset by weaker non-operating income. Net other income declined 30.4% to $1.4 million from $2 million, as realized and unrealized gains on marketable securities fell to $241,000 from $894,000. Interest and dividend income increased 2.9% to $1.2 million from $1.1 million. The effective tax rate decreased to 21% from 26%. Gencor did not provide specific revenue or earnings guidance. Management nevertheless expressed confidence in sustainable performance through the remainder of fiscal 2026 and into fiscal 2027. The outlook is supported by the record backlog and infrastructure spending, although GENC noted that tariffs on certain countries and imported parts could raise costs if those increases cannot be passed on to customers. GENC also cited inflation, geopolitical instability and potential supply-chain disruptions as risks, while stating that its operations had not been significantly affected. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gencor Industries Inc. (GENC): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

ORLANDO, Fla., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenue for the quarter ended June 30, 2026 of $33,805,000 compared with $26,986,000 net revenue for the quarter ended June 30, 2025. The increase in net revenue was primarily due to an increase in contract equipment revenues recognized over time and associated freight revenue. As a percent of net revenue, gross profit margins increased 140 basis points to 27.9% in the quarter ended June 30, 2026, compared to 26.5% in the quarter ended June 30, 2025. Product engineering and development expenses decreased $61,000 to $680,000 for the quarter ended June 30, 2026, as compared to $741,000 for the quarter ended June 30, 2025 due to lower headcount. Selling, general and administrative (“SG&A”) expenses decreased $313,000 to $2,952,000 for the quarter ended June 30, 2026, compared to $3,265,000 for the quarter ended June 30, 2025 primarily due to reduced professional services expenses. Operating income increased 85.0%, or $2,665,000, from $3,137,000 for the quarter ended June 30, 2025 to $5,802,000 for the quarter ended June 30, 2026, primarily due to higher gross profits and lower SG&A expenses. Operating margin was 17.2% for the quarter ended June 30, 2026 compared with 11.6% for the quarter ended June 30, 2025. For the quarter ended June 30, 2026, the Company had net other income of $1,416,000, compared to $2,036,000 for the quarter ended June 30, 2025. Interest and dividend income, net of fees, was $1,176,000 in the quarter ended June 30, 2026 as compared to $1,142,000 in the quarter ended June 30, 2025. The net realized and unrealized gains on marketable securities were $241,000 for the quarter ended June 30, 2026, compared to net realized and unrealized gains of $894,000 for the quarter ended June 30, 2025. The decline in net realized and unrealized gains was due to slightly higher interest rates. The Company’s effective income tax rate was reduced to 21% for the quarter ended June 30, 2026, based on an expected annual effective income tax rate of 24%, compared to prior income tax rate of 26% for the quarter ended June 30, 2025. Net income for the quarter ended June 30, 2026 increased $1,855,000, or 48.5%, to $5,683,000, or $0.39 basic and diluted net income per common share, from $3,828,000, or $0.26 basic and diluted net income per common share, for the quarter ended June 30, 2025. The higher net income resulted primarily from the impact of higher net revenues, improved margins and lower SG&A expenses, offset by lower net non-operating income. Net revenue for the nine months ended June 30, 2026 and 2025 were $91,180,000 and $96,606,000, respectively. The decrease of $5,426,000, or 5.6%, was primarily due to delayed timing of orders in the quarters ended December 31, 2025 and March 31, 2026. At June 30, 2026, the Company had $164.2 million of cash and cash equivalents and marketable securities compared to $136.3 million at September 30, 2025. Net working capital was $211.3 million at June 30, 2026 compared to $197.7 million at September 30, 2025. The Company had no short-term or long-term debt outstanding at June 30, 2026. The Company’s backlog was $79.2 million at June 30, 2026 compared to $26.2 million at June 30, 2025. Marc Elliott, Gencor’s President and Chairman of the Board, commented, “Gencor’s third quarter revenue and profits exceeded our expectations, reflecting our strong manufacturing execution and effective cost management of our overall Operations. Our showing at the recent Conexpo-Con/Agg, coupled with the continued industry momentum, contributed to our record $79.2 million backlog. As remaining IIJA funding obligations continue to flow to states, and optimism surrounds the proposed Build America 250 highway funding bill, we believe we are well-positioned for sustainable performance throughout the remainder of the current fiscal year and into fiscal 2027.” Gencor Industries, Inc. is 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. Caution Concerning Forward Looking Statements - This press release and our other communications and statements may contain certain “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 (the “Exchange Act”), including statements about the Company’s beliefs, plans, objectives, goals, expectations, estimates, projections and intentions. These statements are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company’s control. The Company’s actual results may differ materially from those set forth in the Company’s forward-looking statements depending on a variety of important factors, including the financial condition of the Company’s customers, changes in the economic and competitive environments, and demand for the Company’s products. In addition, the impact of (i) the United States (“U.S.”) government’s tariff announcements, (ii) the ongoing conflicts and/or tensions involving Russia, Ukraine, Israel, Iran, the U.S., and various other countries, and (iii) any actions taken by the U.S. or other countries in response to such tariff announcements, conflicts and/or tensions, could result in a disruption in our supply chain and higher costs of our products. The words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “target,” “goal,” and similar expressions are intended to identify forward-looking statements. For information concerning these factors and related matters, see the following sections of the Company’s Annual Report on Form 10-K for the year ended September 30, 2025: (a) Part I, Item 1A, “Risk Factors” and (b) Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. However, other factors besides those referenced could adversely affect the Company’s results, and you should not consider any such list of factors to be a complete set of all potential risks or uncertainties. Any forward-looking statements made by the Company herein speak as of the date of this press release. The Company does not undertake to update any forward-looking statements, except as required by law. Unless the context otherwise indicates, all references in this press release to the “Company,” “Gencor,” “we,” “us,” or “our,” or similar words are to Gencor Industries, Inc. and its subsidiaries.

Shares of Gencor Industries, Inc. GENC have lost 1% since the company reported results for the quarter ended March 31, 2026, underperforming the S&P 500 Index, which rose 1.8% over the same period. Over the past month, however, Gencor stock gained 1.66%, roughly in line with the broader market’s 1.71% advance. Gencor reported second-quarter fiscal 2026 net revenues of $33.8 million, down 11.5% from $38.2 million in the year-ago quarter. Net income fell 36.9% to $3.8 million, or $0.26 per diluted share, from $6.1 million, or $0.42 per diluted share, a year earlier. Gross profit declined 5.7% to $10.7 million from $11.4 million, although gross margin improved by 200 basis points to 31.7% from 29.7%. Operating income decreased 34.6% to $4.2 million from $6.5 million in the prior-year period, while operating margin narrowed to 12.5% from 17%. The decline in quarterly revenues was primarily attributed to lower contract equipment revenues recognized over time and reduced associated freight revenue, reflecting the timing of orders and shipments. Despite weaker sales, gross margin expanded to 31.7% from 29.7% a year earlier, indicating improved manufacturing efficiency and cost controls. Product engineering and development expenses edged down 7.6% to $0.6 million from $0.7 million, largely due to lower headcount. However, selling, general and administrative (SG&A) expenses increased 39.4% to $5.8 million from $4.2 million. A major contributor to the higher SG&A expense was trade show spending. Gencor incurred $3.5 million in trade show expenses during the quarter compared with just $0.3 million in the prior-year period. The resulting increase in operating costs weighed significantly on profitability and operating margins. Gencor Industries Inc. price-consensus-eps-surprise-chart | Gencor Industries Inc. Quote Gencor’s balance sheet remained strong. As of March 31, 2026, the company held $155.1 million in cash, cash equivalents and marketable securities, up from $136.3 million as of Sept. 30, 2025. Net working capital increased to $205.2 million from $197.7 million at the end of fiscal 2025. GENC also remained debt-free, with no short-term or long-term borrowings outstanding. A notable highlight was backlog growth. Backlog more than doubled to $60.5 million as of March 31, 2026, from $27.8 million a year earlier, providing increased visibility into future revenue generation. GENC’s earnings were affected by a combination of lower revenue, elevated trade show expenses and weaker non-operating income. Net other income declined to $0.9 million from $1.8 million a year earlier. Interest and dividend income remained relatively stable at $1.1 million compared with $1.2 million, but Gencor recorded $174,000 in realized and unrealized losses on marketable securities against gains of $598,000 in the prior-year quarter. Management attributed the decline in investment gains to higher interest rates affecting the value of longer-duration bonds. The effective income tax rate remained unchanged at 26% in both periods. Management noted that the decline in quarterly net income primarily reflected higher trade show costs, lower revenue and reduced non-operating income, partially offset by stronger gross margins. President and chairman Marc Elliott said that the revenue decline stemmed from a slow start to the season, which delayed asphalt plant orders that are typically booked earlier in the fiscal year. Elliott emphasized that gross profit margins exceeded expectations due to strong manufacturing execution and effective cost management. Elliott also pointed to the record backlog, which he said was supported by the continued flow of remaining Infrastructure Investment and Jobs Act funding obligations to states. According to management, the expanded backlog positions GENC for sustainable performance through the remainder of fiscal 2026 and into fiscal 2027. The company did not report any acquisitions, divestitures or restructuring activities during the quarter. Gencor continued to operate with a debt-free balance sheet while increasing liquidity and working capital. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gencor Industries Inc. (GENC): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

ORLANDO, Fla., June 12, 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 increased $1,651,000 to $5,843,000 for the quarter ended March 31, 2026, compared to $4,192,000 for the quarter ended March 31, 2025 due to increased trade show expenses. In the quarter ended March 31, 2026 Gencor incurred trade show expenses of $3,525,000 compared with $345,000 in the quarter ended March 31, 2025. Operating income decreased 34.6%, or $2,244,000, from $6,480,000 for the quarter ended March 31, 2025 compared with $4,236,000 for the quarter ended March 31, 2026, due to higher trade show expenses, which increased by $3,180,000 for the quarter ended March 31, 2026, compared to the quarter ended March 31, 2025. Operating margin was 12.5% 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 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% based on the expected annual effective income tax rate. Net income for the quarter ended March 31, 2026 decreased $2,252,000 or 37.0% to $3,843,000, or $0.26 basic and diluted net income per common share, from $6,095,000, or $0.42 basic and diluted net income per common share, for the quarter ended March 31, 2025. The lower net income resulted primarily from the impact of higher trade show expenses, lower net revenues and net non-operating income, partially offset by improved gross margins. For the six months ended March 31, 2026 the Company had net revenue of $57,376,000 and net income of $7,285,000, or $0.50 per basic and diluted common share, compared to net revenue of $69,620,000 and net income of $9,912,000 or $0.68 per basic and diluted common share for the six months ended March 31, 2025. The decline in net income on earnings per share was largely due to the increased trade show expenses in the quarter ending March 31, 2026. At March 31, 2026, the Company had $155.1 million of cash and cash equivalents and marketable securities compared to $136.3 million at September 30, 2025. Net working capital was $205.2 million at March 31, 2026 compared to $197.7 million at September 30, 2025. The Company had no short-term or long-term debt outstanding at March 31, 2026. The Company’s backlog was $60.5 million at March 31, 2026 compared to $27.8 million at March 31, 2025. Marc Elliott, Gencor’s President and Chairman of the Board, commented, “Gencor’s second quarter revenue decline from the previous year was due to a slow start to the season delaying asphalt plant orders typically sold earlier in the fiscal year. Despite lower revenue, gross profit margins exceeded expectations, reflecting strong manufacturing execution and effective cost management. Our $60.5 million backlog was more than double the prior year as remaining IIJA funding obligations continued to flow to states. With this record backlog entering the third quarter, we are well-positioned for sustainable performance through the remainder of this fiscal year and into fiscal 2027.” Gencor Industries, Inc. is 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. Caution Concerning Forward Looking Statements - This press release and our other communications and statements may contain certain “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 (the “Exchange Act”), including statements about the Company’s beliefs, plans, objectives, goals, expectations, estimates, projections and intentions. These statements are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company’s control. The Company’s actual results may differ materially from those set forth in the Company’s forward-looking statements depending on a variety of important factors, including the financial condition of the Company’s customers, changes in the economic and competitive environments, and demand for the Company’s products. In addition, the impact of (i) the United States (“U.S.”) government’s tariff announcements, (ii) the ongoing conflicts and/or tensions involving Russia, Ukraine, Israel, Iran, the U.S., and various other countries, and (iii) any actions taken by the U.S. or other countries in response to such tariff announcements, conflicts and/or tensions, could result in a disruption in our supply chain and higher costs of our products. The words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “target,” “goal,” and similar expressions are intended to identify forward-looking statements. For information concerning these factors and related matters, see the following sections of the Company’s Annual Report on Form 10-K for the year ended September 30, 2025: (a) Part I, Item 1A, “Risk Factors” and (b) Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. However, other factors besides those referenced could adversely affect the Company’s results, and you should not consider any such list of factors to be a complete set of all potential risks or uncertainties. Any forward-looking statements made by the Company herein speak as of the date of this press release. The Company does not undertake to update any forward-looking statements, except as required by law. Unless the context otherwise indicates, all references in this press release to the “Company,” “Gencor,” “we,” “us,” or “our,” or similar words are to Gencor Industries, Inc. and its subsidiaries.

ORLANDO, Fla., June 01, 2026 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company”) (NYSE American: GENC) announced that on May 19, 2026 it received a filing delinquency notification (the “Delinquency Notification”) from the NYSE Regulation (the “NYSE”) indicating that, as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”) by the filing due date of May 18, 2026, the Company is not in compliance with NYSE American LLC’s (“NYSE American”) continued listing standards and is now subject to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide. The receipt of the Delinquency Notification has no immediate effect on the listing or trading of the Company’s common stock on NYSE American. The NYSE informed the Company that, under NYSE rules, the Company has six months from the Form 10-Q filing due date of May 18, 2026, to regain compliance with the NYSE listing standards by filing the Form 10-Q with the SEC. The NYSE further noted that, if the Company fails to file the Form 10-Q within the six-month period, the NYSE may grant, at its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the Company’s specific circumstances. The Delinquency Notification also notes that the NYSE may nevertheless commence suspension and delisting proceedings at any time if it deems that the circumstances warrant. The Company currently expects to file the Form 10-Q within the six-month period granted by the Delinquency Notification; however, there can be no assurance that the Form 10-Q will be filed within such period. Gencor Industries is 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. Caution Concerning Forward Looking Statements - This press release and our other communications and statements may contain certain “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 (the “Exchange Act”), including statements about the Company’s beliefs, plans, objectives, goals, expectations, estimates, projections and intentions. These statements are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company’s control. Actual results may differ materially depending on a variety of important factors, including the financial condition of the Company’s customers, changes in the economic and competitive environments and demand for the Company’s products. In addition, the impact of the invasion by Russia into Ukraine and the conflict between Israel and Hamas, including hostilities involving Iran, as well as actions taken by other countries, including the U.S., in response to such conflicts, could result in a disruption in our supply chain and higher costs of our products. The words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “target,” “goal,” and similar expressions are intended to identify forward-looking statements. For information concerning these factors and related matters, see the following sections of the Company’s Annual Report on Form 10-K for the year ended September 30, 2025: (a) Part I, Item 1A, “Risk Factors” and (b) Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. However, other factors besides those referenced could adversely affect the Company’s results, and you should not consider any such list of factors to be a complete set of all potential risks or uncertainties. Any forward-looking statements made by the Company herein speak as of the date of this press release. The Company does not undertake to update any forward-looking statements, except as required by law. Unless the context otherwise indicates, all references in this press release to the “Company,” “Gencor,” “we,” “us,” or “our,” or similar words are to Gencor Industries, Inc. and its subsidiaries. Contact: Marc Elliott, President407-290-6000

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 $6,095,000, or $0.42 basic and diluted net income per common share, for the quarter ended March 31, 2025. The slightly lower net income resulted primarily from the impact of lower net revenues and net non-operating income partially offset by improved margins and lower SG&A expenses. For the six months ended March 31, 2026 the Company had net revenue of $57,376,000 and net income of $9,432,000, or $0.64 per basic and diluted common share, compared to net revenue of $69,620,000 and net income of $9,912,000 or $0.68 per basic and diluted common share for the six months ended March 31, 2025. At March 31, 2026, the Company had $155.1 million of cash and cash equivalents and marketable securities compared to $136.3 million at September 30, 2025. Net working capital was $207.4 million at March 31, 2026 compared to $197.7 million at September 30, 2025. The Company had no short-term or long-term debt outstanding at March 31, 2026. The Company’s backlog was $60.5 million at March 31, 2026 compared to $27.8 million at March 31, 2025. Marc Elliott, Gencor’s President and Chairman of the Board, commented, “Gencor’s second quarter revenue decline from the previous year was due to a slow start to the season delaying asphalt plant orders typically sold earlier in the fiscal year. Despite lower revenue, gross profit margins exceeded expectations, reflecting strong manufacturing execution and effective cost management. Our $60.5 million backlog was more than double the prior year as remaining IIJA funding obligations continued to flow to states. With this record backlog entering the third quarter, we are well-positioned for sustainable performance through the remainder of this fiscal year and into fiscal 2027.” Gencor Industries, Inc. is 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. Caution Concerning Forward Looking Statements - This press release and our other communications and statements may contain certain “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 (the “Exchange Act”), including statements about the Company’s beliefs, plans, objectives, goals, expectations, estimates, projections and intentions. These statements are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company’s control. The Company’s actual results may differ materially from those set forth in the Company’s forward-looking statements depending on a variety of important factors, including the financial condition of the Company’s customers, changes in the economic and competitive environments, and demand for the Company’s products. In addition, the impact of (i) the United States (“U.S.”) government’s tariff announcements, (ii) the ongoing conflicts and/or tensions involving Russia, Ukraine, Israel, Iran, the U.S., and various other countries, and (iii) any actions taken by the U.S. or other countries in response to such tariff announcements, conflicts and/or tensions, could result in a disruption in our supply chain and higher costs of our products. The words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “target,” “goal,” and similar expressions are intended to identify forward-looking statements. For information concerning these factors and related matters, see the following sections of the Company’s Annual Report on Form 10-K for the year ended September 30, 2025: (a) Part I, Item 1A, “Risk Factors” and (b) Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. However, other factors besides those referenced could adversely affect the Company’s results, and you should not consider any such list of factors to be a complete set of all potential risks or uncertainties. Any forward-looking statements made by the Company herein speak as of the date of this press release. The Company does not undertake to update any forward-looking statements, except as required by law. Unless the context otherwise indicates, all references in this press release to the “Company,” “Gencor,” “we,” “us,” or “our,” or similar words are to Gencor Industries, Inc. and its subsidiaries.

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 million at the end of fiscal 2025, underscoring financial flexibility. Backlog rose to $57.4 million as of Dec. 31, 2025, compared with $54.4 million a year earlier, suggesting improving order activity heading into the remainder of the fiscal year. Operating cash flow for the quarter was $11.1 million compared with $14.8 million in the year-ago period, supporting continued capital expenditures and investment activities. President and Chairman Marc Elliott said the company delivered improved gross margins despite lower revenues, supported by strong aftermarket sales activity. Elliott noted that Gencor entered the fiscal year with a weaker-than-normal backlog and faced a government shutdown during the fiscal first quarter, which weighed on customer confidence and contributed to softer capital equipment demand. Gencor did not issue formal quantitative guidance for fiscal 2026. Management indicated that order activity has strengthened in recent months, accompanied by improving customer sentiment around large capital purchases. Elliott added that GENC’s backlog of $57.4 million suggests a solid year ahead, signaling cautious optimism as fiscal 2026 progresses. GENC reported no short-term or long-term debt at quarter-end and did not announce any acquisitions, divestitures or restructuring activities during the quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gencor Industries Inc. (GENC): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

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 cash equivalents and marketable securities compared to $136.3 million at September 30, 2025. Net working capital was $200.9 million at December 31, 2025 compared to $197.7 million at September 30, 2025. The Company had no short-term or long-term debt outstanding at December 31, 2025. The Company’s backlog was $57.4 million at December 31, 2025 compared to $54.4 million at December 31, 2024. Marc Elliott, Gencor’s President and Chairman of the Board, commented, “Despite a first quarter decline in revenues, Gencor realized a higher gross profit margin on sales due primarily to robust aftermarket sales activity. We started our fiscal year with weaker-than-normal backlog and a government shutdown that affected customer confidence in the first quarter. In recent months, however, we have seen a pickup in order activity and more optimism from our customers on large capital purchases. Our current backlog of over $57 million suggests a solid year ahead with continued optimism.” Gencor is a leading manufacturer of heavy machinery used in the production of highway construction equipment and materials and environmental control equipment. Caution Concerning Forward Looking Statements - This press release and our other communications and statements may contain certain “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 (the “Exchange Act”), including statements about the Company’s beliefs, plans, objectives, goals, expectations, estimates, projections and intentions. These statements are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company’s control. The Company’s actual results may differ materially from those set forth in the Company’s forward-looking statements depending on a variety of important factors, including the financial condition of the Company’s customers, changes in the economic and competitive environments and demand for the Company’s products. In addition, the impact of (i) the U.S. government’s recent tariff announcements, (ii) actions taken by other countries, including the U.S., in response to such tariff announcements and conflicts, could result in a disruption in our supply chain and higher costs of our products. The words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “target,” “goal,” and similar expressions are intended to identify forward-looking statements. For information concerning these factors and related matters, see the following sections of the Company’s Annual Report on Form 10-K for the year ended September 30, 2025: (a) Part I, Item 1A, “Risk Factors” and (b) Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. However, other factors besides those referenced could adversely affect the Company’s results, and you should not consider any such list of factors to be a complete set of all potential risks or uncertainties. Any forward-looking statements made by the Company herein speak as of the date of this press release. The Company does not undertake to update any forward-looking statements, except as required by law. Unless the context otherwise indicates, all references in this press release to the “Company,” “Gencor,” “we,” “us,” or “our,” or similar words are to Gencor Industries, Inc. and its subsidiaries.