---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-025277"
form_type: "8-K"
ticker: "GENC"
cik: "0000064472"
company_name: "GENCOR INDUSTRIES INC"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:41:08.110557+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Gencor Q1 net income $4.3M ($0.30/sh) vs $3.5M ($0.24/sh); gross margin improves to 29%

## Summary
- Net revenue $26.0M flat YoY; gross margin up to 29.0% (was 22.5%) on better manufacturing efficiencies.
- Operating income jumped 59% to $3.4M; net income $4.3M ($0.30 diluted) vs $3.5M ($0.24).
- Backlog grew 44% YoY to $61.3M, one of largest in company history; quoting activity steady.
- Cash and marketable securities $104.8M; no debt; net working capital $169.8M.
- Net interest/dividend income up to $716k from $493k due to higher rates and fixed-income shift.

## SEC filing metadata
- accession: 0001193125-24-025277
- form_type: 8-K
- ticker: GENC
- cik: 0000064472
- company_name: GENCOR INDUSTRIES INC
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64472/000119312524025277/0001193125-24-025277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64472/000119312524025277/d655571d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-025277
- JSON: https://secwatch.observer/filing/0001193125-24-025277.json
- Plain text: https://secwatch.observer/filing/0001193125-24-025277.txt

## Key facts
- Earnings Releases
  GENCOR INDUSTRIES INC reported Q1 fiscal 2024 results: revenue $26,018,000, net income $4,326,000, EPS $0.30.
  - Period: Q1 fiscal 2024
  - Revenue: $26,018,000
  - Net income: $4,326,000
  - EPS: $0.30
  - Result: reported results
  source text: Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE American: GENC) announced today net revenues for the quarter ended December 31, 2023 of $26,018,000 increased slightly over net revenues for the quarter ended December 31, 2022 of $25,825,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/64472/000119312524025277/0001193125-24-025277-index.htm

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