Gencor Q2 net income down 37% to $0.26 EPS; backlog doubles to $60.5M

GENCOR INDUSTRIES INC

Net revenue $33.8M vs $38.2M a year ago; net income $3.8M vs $6.1M ($0.26 vs $0.42 EPS).
Operating income fell 34.6% to $4.2M on $3.5M trade show expense vs $0.3M in prior-year quarter.
Gross margin improved 200 bps to 31.7%, reflecting strong manufacturing execution.
Backlog more than doubled to $60.5M from $27.8M; management cites IIJA funding flow.
No debt; cash and marketable securities $155.1M at quarter end.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GENCOR INDUSTRIES INC reported the six months ended March 31, 2026 results: revenue $57,376,000, net income $7,285,000, EPS $0.50.

Period: the six months ended March 31, 2026
Revenue: $57,376,000
Net income: $7,285,000
EPS: $0.50
Result: reported results

Exact text from the filing

For the six months ended March 31, 2026 the Company had net revenue of $57,376,000 and net income of $7,285,000, or $0.50 per basic and diluted common share, compared to net revenue of $69,620,000 and net income of $9,912,000 or $0.68 per basic and diluted common share for the six months ended March 31, 2025.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GENCOR INDUSTRIES INC reported the quarter ended March 31, 2026 results: revenue $33,799,000, net income $3,843,000, EPS $0.26.

Period: the quarter ended March 31, 2026
Revenue: $33,799,000
Net income: $3,843,000
EPS: $0.26
Result: reported results

Exact text from the filing

GENCOR INDUSTRIES, INC. Condensed Consolidated Income Statements (Unaudited) For the Quarters Ended March 31, For the Six Months Ended March 31, 2026 2025 2026 2025 Net revenue $ 33,799,000 $ 38,204,000 $ 57,376,000 $ 69,620,000 Cost of goods sold 23,091,000 26,851,000 39,913,000 49,599,000 Gross profit 10,708,000 11,353,000 17,463,000 20,021,000 Operating expenses: Product engineering and development 629,000 681,000 1,387,000 1,357,000 Selling, general and administrative 5,843,000 4,192,000 8,739,000 7,560,000 Total operating expenses 6,472,000 4,873,000 10,126,000 8,917,000 Operating income 4,236,000 6,480,000 7,337,000 11,104,000 Other income (expense), net: Interest and dividend income, net of fees 1,111,000 1,158,000 2,288,000 2,147,000 Net realized and unrealized gains (losses) on marketable securities (174,000 ) 598,000 199,000 143,000 Total other income, net 937,000 1,756,000 2,487,000 2,290,000 Income before income tax expense 5,173,000 8,236,000 9,824,000 13,394,000 Income ta

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Source: SEC EDGAR

accession 0001193125-26-271068

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