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Zacks Initiates Coverage of Gencor Industries With Outperform Recommendation
zacks.com· 2024-05-20 14:51
Core Viewpoint - Zacks Investment Research has initiated coverage of Gencor Industries, Inc. (GENC) with an "Outperform" recommendation, highlighting the company's strong growth, operational efficiency, and favorable market positioning in the infrastructure and manufacturing sectors [1] Company Overview - Gencor Industries, based in Orlando, FL, specializes in manufacturing heavy machinery for highway construction, including asphalt pavers and hot mix asphalt plants, leveraging technical and design capabilities along with environmentally friendly technology [2] Financial Performance - Gencor Industries reported a significant growth in quarterly net revenues, which surged by 33.4% year over year, alongside a 27.7% increase in net income, indicating effective scaling of profitability with sales growth [3] - The company's gross profit margin has improved, and operating income has surged by 37%, reflecting enhanced operational efficiency [3] - Gencor's backlog grew by 34.8%, indicating sustained demand for its products and services, which is a critical indicator of future revenues [4] - Financially, GENC is solid with $117.1 million in cash and no debt, providing a strong foundation for future growth [4] Growth Drivers - Key factors driving Gencor Industries' future growth include operational improvements, effective cost management, and strong demand for its products, supported by robust backlog growth suggesting a stable revenue stream [5] Market Positioning - Gencor Industries' stock has significantly outperformed its industry peers and the broader market over the past year, currently trading at low valuation multiples relative to industry standards, presenting a compelling entry point for investors [7] - The company has a modest market capitalization of $297.1 million, indicating potential for growth in a promising but risky market segment [8]
Gencor Industries(GENC) - 2024 Q2 - Quarterly Report
2024-05-10 13:27
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD: From to Commission File Number: 001-11703 GENCOR INDUSTRIES, INC. Delaware 59-0933147 (State or other jurisdiction (IRS Employer of incorporation or organi ...
Gencor Industries(GENC) - 2024 Q2 - Quarterly Results
2024-05-10 12:00
GENCOR RELEASES SECOND QUARTER FISCAL 2024 RESULTS For the six months ended March 31, 2024 the Company had net revenue of $66,694,000 and net income of $10,548,000 ($0.72 per diluted share) versus net revenue of $56,327,000 and net income of $8,349,000 ($0.57 per diluted share) for the six months ended March 31, 2023. At March 31, 2024, the Company had $117,107,000 of cash and marketable securities compared to $101,283,000 at September 30, 2023. Net working capital was $176,523,000 at March 31, 2024. The Co ...
Gencor Industries(GENC) - 2024 Q1 - Quarterly Report
2024-02-05 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD: From to Commission File Number: 001-11703 GENCOR INDUSTRIES, INC. (State or other jurisdiction of incorporation or organization) Delaware 59-0933147 (IR ...
Gencor Industries(GENC) - 2023 Q4 - Annual Report
2023-12-12 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-11703 GENCOR INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 59-0933147 (State or other jurisdiction of incorporation or organizatio ...
Gencor Industries(GENC) - 2023 Q3 - Quarterly Report
2023-08-08 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (IRS Employer Identification No.) 5201 North Orange Blossom Trail, Orlando, Florida 32810 (Address of principal executive offices) (Zip Code) (407) 290-6000 (Registrant's telephone nu ...
Gencor Industries(GENC) - 2023 Q2 - Quarterly Report
2023-05-11 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD: From to Commission File Number: 001-11703 GENCOR INDUSTRIES, INC. Delaware 59-0933147 (State or other jurisdiction of incorporation or organization) (IRS E ...
Gencor Industries(GENC) - 2023 Q1 - Quarterly Report
2023-02-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD: From to Commission File Number: 001-11703 GENCOR INDUSTRIES, INC. Delaware 59-0933147 (State or other jurisdiction of incorporation or organization) (IR ...
Gencor Industries(GENC) - 2022 Q2 - Quarterly Report
2022-05-13 16:27
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD: From ______________ to ________________ Commission File Number: 001-11703 GENCOR INDUSTRIES, INC. Delaware 59-0933147 (State or other jurisdiction (IRS Emp ...
Gencor Industries(GENC) - 2022 Q1 - Quarterly Report
2022-02-11 22:02
Table of Contents Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD: From to Commission File Number: 001-11703 GENCOR INDUSTRIES, INC. Delaware 59-0933147 (State or other jurisdiction of incorporation or ...