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

Issuer:     GENCOR INDUSTRIES INC (GENC)
CIK:        0000064472
Form:       8-K
Filed at:   2022-05-13T23:59:59+00:00
Accession:  0001193125-22-149727
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gencor Q2 FY2022: revenue $30.7M (+43.6% YoY); net income drops to $0.4M from $2.3M
--------------------------------------------------------------------------------

- Revenue for quarter ended March 31, 2022: $30.7M vs $21.4M YoY; gross margin 20.2% vs 28.8%.
- Net income $0.4M ($0.03 diluted EPS) vs $2.3M ($0.16) YoY; operating income improved to $1.9M from $1.2M.
- Non-operating expense of $1.3M due to marketable securities losses vs $1.6M income prior year.
- Six-month revenue $50.8M (+25.9% YoY); net income $0.2M ($0.01 diluted) vs $3.8M ($0.26).
- Backlog $44.9M vs $42.6M; cash $117.1M, no debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64472/000119312522149727/0001193125-22-149727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64472/000119312522149727/d341278d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-149727

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