secwatch.observer — SEC 8-K summary
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Issuer:     GENCOR INDUSTRIES INC (GENC)
CIK:        0000064472
Form:       8-K
Filed at:   2021-08-11T23:59:59+00:00
Accession:  0001193125-21-242828
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gencor Q3 net income down 46% to $2.3M on higher costs from Blaw-Knox acquisition; backlog surges to $28.5M
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- Net revenue $24.9M (+8.6% YoY); net income $2.3M vs $4.3M; diluted EPS $0.16 down from $0.29.
- Operating income fell to $1.2M from $2.0M due to Blaw-Knox acquisition costs (paver line).
- Backlog $28.5M at June 30, 2021 vs $11.7M a year ago; CEO expects FAST Act renewal and infra funding.
- Cash & marketable securities $122.9M; no debt; working capital $155.9M.
- Gross margin 22.5% vs 23.5% due to higher steel/OEM part costs; partially offset by parts sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64472/000119312521242828/0001193125-21-242828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64472/000119312521242828/d149862d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-242828

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