secwatch.observer — SEC 8-K summary
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Issuer:     GENCOR INDUSTRIES INC (GENC)
CIK:        0000064472
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0001193125-25-149717
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gencor reports FY2024 revenue up 7.7% to $113.2M; EPS $0.99 vs $1.00; backlog $56.2M
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- Full year net revenue $113.2M, up 7.7% from $105.1M; net income $14.6M ($0.99 diluted EPS) vs $14.7M ($1.00).
- Q4 revenue flat at $20.9M; gross margin fell to 25.6% from 31.7%; operating income halved to $1.2M from $2.7M.
- Backlog $56.2M at Dec 1, 2024 vs $57.8M a year earlier; cash & securities $115.4M, no debt.
- SG&A rose $2.2M to $14.3M on trade show and professional fees; effective tax rate increased to 29.8% from 21.9%.
- Net other income $7.0M, up $1.7M, driven by higher interest income ($3.4M) and portfolio gains ($3.6M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64472/000119312525149717/0001193125-25-149717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64472/000119312525149717/d942272d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-149717

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer