Gencor Q2 fiscal 2024 revenue up 33% to $40.7M; net income $6.2M ($0.42/share)

GENCOR INDUSTRIES INC

2024-Q2 EPS reported $0.72 revenue$66,694,000

Net revenue $40.7M (+33.4% YoY); gross margin 30.3% vs 29.8%; operating income $7.1M (+37%).
Net income $6.2M ($0.42 per share) vs $4.9M ($0.33) prior year quarter.
Backlog $50.4M, up 34.8% YoY, citing continued Infrastructure Investment & Jobs Act demand.
Cash and marketable securities $117.1M, no debt outstanding.
Six-month net revenue $66.7M, net income $10.5M ($0.72/share); prior year $56.3M and $8.3M ($0.57).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GENCOR INDUSTRIES INC reported for the quarter ended March 31, 2024 results: revenue $40,676,000, net income $6,222,000, EPS $0.42.

Period: for the quarter ended March 31, 2024
Revenue: $40,676,000
Net income: $6,222,000
EPS: $0.42
Result: reported results

Exact text from the filing

FISCAL 2024 RESULTS May 10, 2024 (PRIME NEWSWIRE) - Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American LLC: GENC) announced today net revenues increased 33.4% to $40,676,000 for the quarter ended March 31, 2024 compared with $30,501,000 for the quarter ended March 31, 2023. Gross profit margins for the quarter ended March 31, 2024 were 30.3% compared

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Source: SEC EDGAR

accession 0001193125-24-135763

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