Gencor Q4 revenue up 15.5% to $23.1M; net income $0.5M vs loss, FY net loss $(0.4)M on investment losses

GENCOR INDUSTRIES INC

Q4 revenue $23.1M (+15.5% YoY), gross margin 21.5% vs 17.2%.
Full year revenue $103.5M (+21.3%), operating income $4.2M vs $0.7M.
FY net loss $(0.4)M ($0.03 loss per share) vs net income $5.8M, due to $(5.9)M investment losses.
Backlog $43.2M at Dec 1, 2022 vs $53.1M a year ago.
No debt; cash and marketable securities $98.9M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENCOR INDUSTRIES INC reported the year ended September 30, 2022 results: revenue $103.5 million, net income $(0.4) million, EPS $(0.03) per basic and diluted share.

Period: the year ended September 30, 2022
Revenue: $103.5 million
Net income: $(0.4) million
EPS: $(0.03) per basic and diluted share
Result: reported results

Exact text from the filing

30, 2022 was $0.5 million compared to a net loss of $(0.4) million for the quarter ended September 30, 2021. Net revenue for the year ended September 30, 2022 increased 21.3% to $103.5 million from $85.3 million for the year ended September 30, 2021. The increased net revenues reflect increased shipments and progress on large contract orders where revenue is recognized

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENCOR INDUSTRIES INC reported the quarter ended September 30, 2022 results: revenue $23.1 million, net income $0.5 million.

Period: the quarter ended September 30, 2022
Revenue: $23.1 million
Net income: $0.5 million
Result: reported results

Exact text from the filing

16, 2022 (PRIME NEWSWIRE)—Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenue for the fourth quarter of 2022 increased 15.5% to $23.1 million compared to $20.0 million for the quarter ended September 30, 2021. The increased net revenues reflect increased shipments and progress on large contract orders where revenue is

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Source: SEC EDGAR

accession 0001193125-22-306481

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