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; 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; specialty storage tanks for various industrial uses; and asphalt pavers under the Blaw-Knox brand. Gencor Industries, Inc. 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.
IPO Year:
Exchange: NASDAQ
Website: gencor.com
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ORLANDO, Fla., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE:GENC) announced today net revenues for the quarter ended June 30, 2024 decreased $2,326,000 to $25,551,000, from $27,877,000 for the quarter ended June 30, 2023. The decrease in revenues was in equipment sales recognized at a point in time and reduced parts sales. The lower revenues reflect the delayed timing of the shipment of orders. As a percent of sales, gross profit margins decreased to 23.9% in the quarter ended June 30, 2024, compared to 26.9% in the quarter ended June 30, 2023, on lower absorption from reduced production and lower parts sales. Product engineering and develop
ORLANDO, Fla., May 10, 2024 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE American LLC: GENC) announced today net revenues increased 33.4% to $40,676,000 for the quarter ended March 31, 2024 compared with $30,501,000 for the quarter ended March 31, 2023. Gross profit margins for the quarter ended March 31, 2024 were 30.3% compared with 29.8% for the quarter ended March 31, 2023 on improved absorption on increased production and favorable price realization. Product engineering and development expenses increased $19,000 to $893,000 for the quarter ended March 31, 2024, as compared to $874,000 for the quarter ended March 31, 2023. Selling, general and administ
ORLANDO, Fla., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE: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 of sales, gross profit margins improved to 29.0% in the quarter ended December 31, 2023, compared to 22.5% in the quarter ended December 31, 2022 on improved manufacturing efficiencies and favorable price re
ORLANDO, Fla., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE: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 from 21.5% for the quarter ended September 30, 2022, due to increased parts sales at higher margins, improved efficiency, absorption, and favorable price realization. Operating income for the quarter ended
ORLANDO, Fla., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE: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 decreased by $106,000 to $845,000 for the quarter ended June 30, 2023, as compared to $951,000 for the quarter ended June 30, 2022 due primarily to reduced headcount and improved efficiency. Selling, general and
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 expenses decreased $46,000 to $874,000 for the quarter ended March 31, 2023, as compared to $920,000 for the quarter ended March 31, 2022, primarily related to reduced headcount. Selling, general a
ORLANDO, Fla., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE: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 price realization. Product engineering and development expenses decreased $452,000 to $897,000 for the quarter ended December 31, 2022, as compared to $1,349,000 for the quarter ended December 31, 2021, due p
ORLANDO, Fla., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE: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 30, 2022, an increase from 17.2% for the quarter ended September 30, 2021. Increased production volumes and pricing more than offset the increases in labor rates, steel and OEM parts prices during the quarte
ORLANDO, Fla., Aug. 12, 2022 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE: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 operating results for the quarter ended June 30, 2022. Product engineering and development expenses decreased $0.2 million to $1.0 million for the quarter ended June 30, 2022, as compared to $1.2 million for
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 market open on August 1, 2022 under its current ticker symbol ‘GENC'. ABOUT GENCOR INDUSTRIES, INC. Gencor Industries is a diversified heavy machinery manufacturer for the production of hi
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ORLANDO, Fla., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE:GENC) announced today net revenues for the quarter ended June 30, 2024 decreased $2,326,000 to $25,551,000, from $27,877,000 for the quarter ended June 30, 2023. The decrease in revenues was in equipment sales recognized at a point in time and reduced parts sales. The lower revenues reflect the delayed timing of the shipment of orders. As a percent of sales, gross profit margins decreased to 23.9% in the quarter ended June 30, 2024, compared to 26.9% in the quarter ended June 30, 2023, on lower absorption from reduced production and lower parts sales. Product engineering and develop
ORLANDO, Fla., May 10, 2024 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE American LLC: GENC) announced today net revenues increased 33.4% to $40,676,000 for the quarter ended March 31, 2024 compared with $30,501,000 for the quarter ended March 31, 2023. Gross profit margins for the quarter ended March 31, 2024 were 30.3% compared with 29.8% for the quarter ended March 31, 2023 on improved absorption on increased production and favorable price realization. Product engineering and development expenses increased $19,000 to $893,000 for the quarter ended March 31, 2024, as compared to $874,000 for the quarter ended March 31, 2023. Selling, general and administ
ORLANDO, Fla., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE: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 of sales, gross profit margins improved to 29.0% in the quarter ended December 31, 2023, compared to 22.5% in the quarter ended December 31, 2022 on improved manufacturing efficiencies and favorable price re
ORLANDO, Fla., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE: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 from 21.5% for the quarter ended September 30, 2022, due to increased parts sales at higher margins, improved efficiency, absorption, and favorable price realization. Operating income for the quarter ended
ORLANDO, Fla., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE: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 decreased by $106,000 to $845,000 for the quarter ended June 30, 2023, as compared to $951,000 for the quarter ended June 30, 2022 due primarily to reduced headcount and improved efficiency. Selling, general and
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 expenses decreased $46,000 to $874,000 for the quarter ended March 31, 2023, as compared to $920,000 for the quarter ended March 31, 2022, primarily related to reduced headcount. Selling, general a
ORLANDO, Fla., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE: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 price realization. Product engineering and development expenses decreased $452,000 to $897,000 for the quarter ended December 31, 2022, as compared to $1,349,000 for the quarter ended December 31, 2021, due p
ORLANDO, Fla., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE: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 30, 2022, an increase from 17.2% for the quarter ended September 30, 2021. Increased production volumes and pricing more than offset the increases in labor rates, steel and OEM parts prices during the quarte
ORLANDO, Fla., Aug. 12, 2022 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE: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 operating results for the quarter ended June 30, 2022. Product engineering and development expenses decreased $0.2 million to $1.0 million for the quarter ended June 30, 2022, as compared to $1.2 million for
ORLANDO, Fla., May 13, 2022 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (NASDAQ:GENC) announced today net revenues of $30.7 million for the quarter ended March 31, 2022 compared to $21.4 million for the quarter ended March 31, 2021. Gross margins for the quarter ended March 31, 2022 were 20.2% compared with 28.8% for the quarter ended March 31, 2021. During the quarter ended March 31, 2022, the Company continued to experience higher manufacturing costs associated with wages, steel and OEM parts pricing. Product engineering and development expenses decreased $0.2 million to $0.9 million for the quarter ended March 31, 2022, as compared to $1.1 million for the quarter ended March 31, 2021,
Gencor Industries (NASDAQ:GENC) reported quarterly earnings of $0.42 per share. This is a 27.27 percent increase over earnings of $0.33 per share from the same period last year. The company reported $40.68 million in sales this quarter. This is a 33.36 percent increase over sales of $30.50 million the same period last year.
Gencor Industries (NASDAQ:GENC) reported quarterly earnings of $0.30 per share. This is a 25 percent increase over earnings of $0.24 per share from the same period last year. The company reported $26.02 million in sales this quarter. This is a 0.75 percent increase over sales of $25.82 million the same period last year.
Gencor Industries (NASDAQ:GENC) reported quarterly earnings of $0.22 per share. This is a 414.29 percent increase over losses of $(0.07) per share from the same period last year. The company reported $27.88 million in sales this quarter. This is a 5.97 percent decrease over sales of $29.65 million the same period last year.
Gencor Industries (NASDAQ:GENC) reported quarterly earnings of $0.33 per share. This is a 1000 percent increase over earnings of $0.03 per share from the same period last year. The company reported $30.50 million in sales this quarter. This is a 0.50 percent decrease over sales of $30.65 million the same period last year.
On Wednesday, 283 companies set new 52-week lows. Interesting Facts About Today's 52-Week Lows: Amazon.com (NASDAQ:AMZN) was the biggest company by market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was Siyata Mobile (NASDAQ:SYTA). Timber Pharmaceuticals (AMEX:TMBR) saw the most pronounced move, as shares traded down 2928.76% to hit its new 52-week low. Industrial Logistics (NASDAQ:ILPT)'s stock rebounded the most, as it traded up 0.0% after dropping to a new 52-week low. Here is a list of stocks that set new 52-week lows on Wednesday: Amazon.com (NASDAQ:AMZN) stock broke to a new 52-week low of $87.43 on Wednesday. Shares of the
Gencor Industries (NASDAQ:GENC) reported quarterly losses of $(0.07) per share. This is a 143.75 percent decrease over earnings of $0.16 per share from the same period last year. The company reported $29.60 million in sales this quarter. This is a 18.78 percent increase over sales of $24.92 million the same period last year.
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 market open on August 1, 2022 under its current ticker symbol ‘GENC'.
Thursday's session saw 49 companies set new 52-week lows. Areas of Interest About Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Johnson Controls Intl (NYSE:JCI). The smallest company by market cap to set a new 52-week low was MMTEC (NASDAQ:MTC). Integrated Media Tech (NASDAQ:IMTE) saw the most significant move of the companies, as shares traded down 51.24% to reach its new 52-week low. Liberty SiriusXM Gr (NASDAQ:LSXMB)'s stock bounced back the most, actually rising 0.0% after reaching its new 52-week low. Stocks dropping to new 52-week lows on Thursday: Liberty SiriusXM Gr (NASDAQ:LSXMB) shares moved 0.0% (flat) on Thursday to hit a new