Gencor Industries, Inc.
Description
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.
About
CEO
Employees
314
Instrument type
Common Stock
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
MIC code
XASE
Address
5201 North Orange Blossom Trail, Orlando, FL 32810, United States
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Oscillators
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Summary
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Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Aug 7, 2025 | — | — | — | — |
| May 8, 2025 | — | — | — | — |
| Feb 4, 2025 | — | — | — | — |
| May 12, 2023 | — | 0.33 | — | — |
| Feb 10, 2023 | — | 0.24 | — | — |
Earnings estimate
| Number of analysts | — | — | — | — |
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| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr.
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Current year
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Next year
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
| Total reported revenue | 105.08M | 103.48M | 85.28M | 77.42M | 81.33M |
| Cost of revenue | 76.04M | 82.94M | 67.10M | 58.47M | 58.92M |
| Gross profit | 29.04M | 20.54M | 18.18M | 18.95M | 22.41M |
| Operating expense | |||||
| Research & development | 3.46M | 4.33M | 4.28M | 3.06M | 3.30M |
| Selling general and admin | 12.15M | 12.05M | 13.20M | 10.36M | 9.65M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 13.43M | 4.17M | 701,000 | 5.54M | 9.47M |
| Non operating interest income | |||||
| Income | 2.11M | 1.31M | 1.76M | 2.32M | 2.31M |
| Expense | — | — | — | — | — |
| Other income expense | 3.24M | -7.17M | 4.17M | -1.18M | 1.05M |
| Pretax income | 18.78M | -1.69M | 6.63M | 6.68M | 12.82M |
| Tax provision | 4.11M | -1.32M | 829,000 | 1.15M | 2.63M |
| Net income | 14.67M | -372,000 | 5.81M | 5.53M | 10.20M |
| Basic EPS | 1.00 | -0.03 | 0.40 | 0.38 | 0.70 |
| Diluted EPS | 1.00 | -0.03 | 0.39 | 0.38 | 0.69 |
| Basic average shares | 14.66M | 12.40M | 14.51M | 14.56M | 14.55M |
| Diluted average shares | 14.66M | 12.40M | 14.51M | 14.56M | 14.55M |
| EBITDA | 13.02M | 14.00M | -879,000 | 8.34M | 10.02M |
| Net income from continuing op. | 14.67M | -372,000 | 5.81M | 5.53M | 10.20M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
| Total assets | 195.75M | 179.31M | 179.46M | 171.09M | 165.37M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 17.03M | 9.58M | 23.23M | 35.58M | 10.30M |
| Other short term investments | 84.25M | 89.30M | 94.98M | 89.50M | 105.32M |
| Accounts receivable | 2.47M | 3.00M | 2.62M | 1.99M | 1.60M |
| Other receivables | 1.51M | 2.12M | 1.90M | 6.41M | 13.84M |
| Inventory | 71.53M | 55.82M | 41.89M | 27.09M | 25.37M |
| Prepaid assets | 2.17M | 2.67M | 2.20M | 1.19M | 499,000 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 27.25M | 26.52M | 21.77M | 16.31M | 14.81M |
| Land and improvements | 3.43M | 3.33M | 3.33M | 3.32M | 3.32M |
| Machinery furniture equipment | — | — | — | 16.31M | 14.81M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -32.31M | -29.94M | -27.12M | -24.83M | -23.21M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 3.55M | 3.34M | 838,000 | 995,000 | 53,000 |
| Total liabilities | 14.17M | 12.40M | 12.17M | 9.87M | 9.86M |
| Current liabilities | |||||
| Accounts payable | 3.27M | 4.25M | 3.11M | 1.73M | 1.91M |
| Accrued expenses | 2.14M | 1.65M | 2.20M | 2.20M | 2.49M |
| Short term debt | 328,000 | 390,000 | 393,000 | 328,000 | — |
| Deferred revenue | 6.82M | 5.86M | 5.24M | 3.85M | 1.92M |
| Tax payable | 1.61M | 233,000 | 447,000 | 405,000 | 175,000 |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | — | 6,000 | 392,000 | 614,000 | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | 394,000 | 746,000 | 3.37M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 1.47M | 1.47M | 1.47M | 1.46M | 1.46M |
| Retained earnings | 167.53M | 152.86M | 153.23M | 147.43M | 141.90M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 181.58M | 166.92M | 167.29M | 161.22M | 155.52M |
| Additional paid in capital | 12.59M | 12.59M | 12.59M | 12.33M | 12.16M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 14.67M | -372,000 | 5.81M | 5.53M | 10.20M | 12.69M | 8.42M | 7.04M | -1.82M | 3.47M | 6.73M | 4.47M | 224,000 | 2.97M | -2.55M | 15.25M | 18.50M | 11.59M | 31.31M | 2.60M | 7.26M | 2.07M | 8.92M | 792,000 | -23.87M | 1.66M | 6.90M | 2.76M | 2.04M | 1.60M | 1.00M | — | 700,000 | -800,000 | -6.10M |
| Depreciation | 2.83M | 2.82M | 2.59M | 1.64M | 1.60M | 1.38M | 1.13M | 1.40M | 1.39M | 1.37M | 1.23M | 1.08M | 890,000 | 905,000 | 899,000 | 948,000 | 932,000 | 1.36M | 847,000 | 828,000 | 1.37M | 1.38M | 4.02M | 5.24M | 4.73M | 5.30M | -4.40M | 694,818 | 757,568 | -900,000 | -700,000 | -1.00M | -1.00M | -1.20M | -1.10M |
| Deferred Taxes | -274,000 | -3.29M | -451,000 | -2.63M | 732,000 | 262,000 | 1.29M | 1.65M | -2.02M | 209,000 | -490,000 | 2.16M | -3.05M | 6,000 | -2.49M | -6.12M | 2.71M | -8.84M | 14.82M | -2.34M | 1.81M | — | — | — | 2.74M | -2.11M | 4.30M | -182,000 | -133,000 | — | -100,000 | 200,000 | -300,000 | — | — |
| Stock-Based Compensation | — | — | — | 71,000 | 71,000 | 71,000 | 71,000 | 37,000 | 253,000 | 263,000 | 243,000 | 189,000 | 47,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 7.94M | -1.59M | -1.79M | 14.49M | -19,000 | -16.66M | -822,000 | -1.27M | -895,000 | -2.22M | -448,000 | -4.76M | 2.55M | 1.02M | -56.91M | -1.79M | -15.47M | -2.69M | — | — | -12.69M | -2.16M | -7.21M | 335,000 | 8.68M | 10.95M | 8.90M | 130,956 | 140,415 | 1.90M | 1.40M | — | 2.20M | 2.50M | 2.20M |
| Accounts Receivable | 849,000 | -783,000 | 3.82M | 6.99M | -2.72M | -5.15M | -2.04M | -2.87M | -1.54M | -652,000 | 3.39M | 1.00M | 468,000 | 3.08M | 122,000 | -3.37M | 520,000 | -2.26M | -1.66M | 523,000 | 2.20M | -337,000 | 4.72M | 16.71M | -3.69M | -2.32M | -12.60M | -361,924 | -1.65M | 200,000 | -1.50M | 1.40M | — | 3.90M | -900,000 |
| Accounts Payable | -982,000 | 1.15M | 1.38M | -179,000 | 69,000 | 518,000 | -123,000 | -86,000 | 582,000 | -336,000 | -598,000 | -97,000 | 605,000 | -969,000 | -2.02M | — | — | — | — | — | — | — | — | — | — | — | -8.00M | — | — | -2.80M | 500,000 | 1.50M | 900,000 | -4.30M | 3.10M |
| Other Assets & Liabilities | -14.76M | -13.31M | -3.02M | 211,000 | -6.12M | -5.77M | -909,000 | 1.20M | 5.06M | -1.17M | -745,000 | 1.41M | -129,000 | 9.60M | 7.49M | -3.26M | -9.72M | -3.35M | -3.64M | -3.23M | 5.18M | 3.35M | -244,000 | -9.47M | 7.79M | -5.68M | 2.59M | -6.59M | -1.22M | 2.00M | 1.00M | -3.70M | 1.60M | — | 5.90M |
| Operating Cash Flow | 10.28M | -15.37M | 8.34M | 26.13M | 3.81M | -12.66M | 7.01M | 7.11M | 1.01M | 946,000 | 9.31M | 5.45M | 1.61M | 16.62M | -55.45M | 1.66M | -2.53M | -4.19M | 41.68M | -1.61M | 5.13M | 4.29M | 10.22M | 13.61M | -3.61M | 7.80M | -2.31M | -3.55M | -62,795 | 2.00M | 1.60M | -1.60M | 4.10M | 100,000 | 3.10M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | 7,000 | — | — | 685,000 | — | — | — | — | — | -2.10M | -637,000 | -413,000 | -1.20M | -366,000 | — | 673,000 | 4.09M | 442,000 | 633,000 | — | -5.60M | 433,847 | 1,770 | 300,000 | -300,000 | -400,000 | -100,000 | 300,000 | -600,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | -13.78M | — | — | — | — | — | — | — | — | — | — | — | -345,000 | — | — | — | — | — | — | — | 48.78M | — | — | -3.24M | -2.00M | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 48,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | — | — | -13.78M | — | — | — | 7,000 | — | — | 685,000 | — | — | — | 163,000 | -249,000 | 13.53M | 24.78M | 14.13M | 43.04M | -143,000 | 13.43M | 2.20M | 53.08M | 442,000 | 633,000 | -3.27M | -64.50M | 1.58M | 20,846 | 100,000 | -400,000 | -300,000 | -100,000 | 300,000 | -600,000 |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 5.32M | — | — | 5.50M | 4.71M | 55.87M | 80.72M | 5.16M | 3.08M | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -30.41M | -4.80M | -68.23M | -10.73M | -4.82M | -50.45M | -15.31M | -1.38M | -4.21M | — | — | — | — | — | — |
| Other Financing Charges | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -323,000 | 3.25M | 65.80M | 97,500 | -27,160 | -600,000 | 100,000 | -700,000 | -2.20M | -1.10M | -1.20M |
| Financing Cash Flow | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 22,000 | 214,000 | 34,000 | 303,000 | 135,000 | -25.08M | -4.80M | -68.23M | -5.23M | -649,000 | 8.70M | 132.79M | 3.79M | -1.15M | -600,000 | 100,000 | -700,000 | -2.20M | -1.10M | -1.20M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 17.03M | 9.58M | 23.23M | 35.58M | 10.30M | 8.01M | 22.93M | 18.22M | 11.15M | 7.19M | 9.56M | 3.36M | 1.72M | 3.00M | 3.68M | 4.07M | 3.71M | 1.11M | 4.21M | 550,000 | 734,000 | 12.31M | 14.16M | 17.97M | 9.58M | 8.54M | 10.29M | 1.50M | 415,668 | — | — | — | — | — | — |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 7.45M | -13.65M | 1.16M | 25.18M | 2.06M | -15.55M | 4.48M | 6.69M | 3.82M | -3.06M | 6.20M | 1.65M | -1.29M | -836,000 | 239,000 | -15.12M | -23.03M | -17.66M | -35.27M | -868,000 | 31,000 | 480,000 | 11.35M | 13.71M | 1.50M | -7.02M | 100,000 | -4.29M | -2.38M | 3.40M | 300,000 | — | 1.90M | -500,000 | 2.50M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Royce Small-Cap Special Equity Fund | Sep 30, 2024 | 910,000 | 13.75M | 7.38% |
| Teton Westwood Mighty Mites Fd | Sep 30, 2024 | 363,000 | 5.48M | 2.94% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 332,994 | 5.03M | 2.70% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 255,688 | 3.86M | 2.07% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 186,095 | 2.81M | 1.51% |
| EQ Advisors Trust-1290 VT Gamco Small Company Value Port | Sep 30, 2024 | 157,500 | 2.38M | 1.28% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 147,979 | 2.24M | 1.20% |
| DFA U.S. Small Cap Series | Oct 31, 2024 | 113,942 | 1.72M | 0.92% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 104,915 | 1.59M | 0.85% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 100,848 | 1.52M | 0.82% |
Article
Gencor: Strong Fundamentals, Non-Recurring Headwinds, Continued Growth
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.
Sep 24, 2024
Article
Gencor (GENC) Q3 Earnings & Revenues Fall Y/Y, Gross Margin Down
Despite strength in the majority of Gencor's (GENC) segments, overall topline declines year over year.
Aug 12, 2024
Article
Gencor Releases Third Quarter Fiscal 2024 Results
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.
Aug 9, 2024
