---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-031387"
form_type: "8-K"
ticker: "GENC"
cik: "0000064472"
company_name: "GENCOR INDUSTRIES INC"
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:36:58.707721+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gencor Q1 fiscal 2023 net income $3.5M vs loss; revenue up 28.4% to $25.8M

## Summary
- Net revenue $25.8M vs $20.1M YoY (+28.4%); gross margin improved to 22.5% from 18.4%.
- Operating income $2.1M vs operating loss of $1.0M; net income $3.5M ($0.24 diluted EPS) vs net loss of $0.3M.
- Backlog $42.5M down from $58.0M a year ago; no debt; cash & marketable securities $97.7M.
- SG&A down $600K to $2.8M; product engineering costs down $452K to $897K on lower headcount.
- Q1 net non-operating income $2.5M including $2.0M realized/unrealized gains on securities.

## SEC filing metadata
- accession: 0001193125-23-031387
- form_type: 8-K
- ticker: GENC
- cik: 0000064472
- company_name: GENCOR INDUSTRIES INC
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64472/000119312523031387/0001193125-23-031387-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64472/000119312523031387/d294209d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-031387
- JSON: https://secwatch.observer/filing/0001193125-23-031387.json
- Plain text: https://secwatch.observer/filing/0001193125-23-031387.txt

## Key facts
- Earnings Releases
  GENCOR INDUSTRIES INC reported the quarter ended December 31, 2022 results: revenue $25,825,000, net income $3,476,000, EPS $0.24 per basic and diluted share.
  - Period: the quarter ended December 31, 2022
  - Revenue: $25,825,000
  - Net income: $3,476,000
  - EPS: $0.24 per basic and diluted share
  - Result: reported results
  source text: Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenues increased 28.4% to $25,825,000 for the quarter ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/64472/000119312523031387/0001193125-23-031387-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.