Profile
Sector:
IndustrialsIndustry:
Farm & Heavy Construction MachineryCountry:
United StatesIPO:
15 July 2003Website:
http://www.gencor.comNext earnings report:
13 December 2024Last dividends:
29 December 1998Next dividends:
N/APrice
regular market | 90 min agoDividend
Analysts recommendations
Institutional Ownership
GENC Latest News
Strong fundamentals, including positive net income margins, no debt, and high cash reserves, support continued growth for Gencor, despite a decline in total revenue. The recent gross margin declines, driven by steel prices and overhead absorption, are concerning but should ease as revenue normalizes during their high season, late winter to spring. Historic high backlog of $46.6 million and improved 9-month revenue and net income indicate strong demand for their products.
Despite strength in the majority of Gencor's (GENC) segments, overall topline declines year over year.
ORLANDO, Fla., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: 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.
Discover why Zacks rates Gencor Industries as "Outperform", being the first on Wall Street to initiate coverage on the stock. Explore GENC's strategic growth, financial health and market positioning within the infrastructure and manufacturing sectors.
What type of business is Gencor Industries?
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. It 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. The company 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, it 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. The company 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. was founded in 1894 and is based in Orlando, Florida.
What sector is Gencor Industries in?
Gencor Industries is in the Industrials sector
What industry is Gencor Industries in?
Gencor Industries is in the Farm & Heavy Construction Machinery industry
What country is Gencor Industries from?
Gencor Industries is headquartered in United States
When did Gencor Industries go public?
Gencor Industries initial public offering (IPO) was on 15 July 2003
What is Gencor Industries website?
https://www.gencor.com
Is Gencor Industries in the S&P 500?
No, Gencor Industries is not included in the S&P 500 index
Is Gencor Industries in the NASDAQ 100?
No, Gencor Industries is not included in the NASDAQ 100 index
Is Gencor Industries in the Dow Jones?
No, Gencor Industries is not included in the Dow Jones index
When was Gencor Industries the previous earnings report?
No data
When does Gencor Industries earnings report?
The next expected earnings date for Gencor Industries is 13 December 2024