secwatch.observer — SEC 8-K summary
======================================

Issuer:     GENCOR INDUSTRIES INC (GENC)
CIK:        0000064472
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0001193125-21-359820
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gencor Q4 revenue up 92% to $20M; FY net income $5.8M; backlog doubles to $53M on infrastructure bill
--------------------------------------------------------------------------------

- Q4 revenue surged 91.7% to $20.0M; Q4 net loss narrowed to ($0.4M) from ($0.6M).
- FY2021 revenue $85.3M (+10.1%); net income $5.8M ($0.40 basic EPS) vs $5.5M ($0.38).
- Gross margin fell to 21.3% from 24.5%, hurt by unabsorbed labor and steel inflation (~200%).
- Backlog reached $53.0M at Dec 1, 2021, more than double the prior year $24.9M.
- Company holds $118.2M cash/marketable securities, no debt; working capital $155.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64472/000119312521359820/0001193125-21-359820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64472/000119312521359820/d248388d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-359820

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer