---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-294339"
form_type: "8-K"
ticker: "GENC"
cik: "0000064472"
company_name: "GENCOR INDUSTRIES INC"
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:44:58.730966+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gencor reports FY2023 net income of $14.7M vs loss; backlog up to $57.8M

## Summary
- FY2023 revenue $105.1M (+1.5% YoY); net income $14.7M ($1.00 EPS) vs net loss $0.4M.
- Q4 revenue $20.9M (-9.5% YoY); net income $3.1M vs $0.5M; gross margin 31.7% vs 21.5%.
- Backlog at Dec 1, 2023: $57.8M vs $43.2M a year ago, driven by strong demand.
- Cash and marketable securities $101.3M; zero debt; working capital $164.8M.
- Management cites U.S. infrastructure funding optimism for continued demand.

## SEC filing metadata
- accession: 0001193125-23-294339
- form_type: 8-K
- ticker: GENC
- cik: 0000064472
- company_name: GENCOR INDUSTRIES INC
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64472/000119312523294339/0001193125-23-294339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64472/000119312523294339/d62074d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-294339
- JSON: https://secwatch.observer/filing/0001193125-23-294339.json
- Plain text: https://secwatch.observer/filing/0001193125-23-294339.txt

## Key facts
- Earnings Releases
  GENCOR INDUSTRIES INC reported the full year fiscal 2023 results: revenue $105.1 million, net income $14.7 million ($1.00 per basic and diluted share), EPS $1.00 per basic and diluted share.
  - Period: the full year fiscal 2023
  - Revenue: $105.1 million
  - Net income: $14.7 million ($1.00 per basic and diluted share)
  - EPS: $1.00 per basic and diluted share
  - Result: reported results
  source text: ended September 30, 2023 was $3.1 million compared to $0.5 million for the quarter ended September 30, 2022. Net revenue for the year ended September 30, 2023 increased to $105.1 million from $103.5 million for the year ended September 30, 2022. Gross profit margin was 27.6% in fiscal 2023, an increase from 19.9% in fiscal 2022 due to increased parts sales and
  evidence_url: https://www.sec.gov/Archives/edgar/data/64472/000119312523294339/0001193125-23-294339-index.htm
- Earnings Releases
  GENCOR INDUSTRIES INC reported the fourth quarter of fiscal 2023 results: revenue $20.9 million, net income $3.1 million.
  - Period: the fourth quarter of fiscal 2023
  - Revenue: $20.9 million
  - Net income: $3.1 million
  - Result: reported results
  source text: Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenue for the fourth quarter of 2023 of $20.9 million compared to $23.1 million for the quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/64472/000119312523294339/0001193125-23-294339-index.htm

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