Gencor Industries(US:GENC)2026-02-06 12:30Financial Performance - Net revenue for the quarter ended December 31, 2025, was $23,577,000, a decrease of $7,839,000 from $31,416,000 for the same quarter in 2024[1] - Operating income decreased to $3,101,000 for the quarter ended December 31, 2025, down from $4,624,000 for the same quarter in 2024[3] - Net income for the quarter ended December 31, 2025, was $3,442,000, or $0.23 per share, compared to $3,817,000, or $0.26 per share for the same quarter in 2024[5] Profitability Metrics - Gross profit margin improved to 28.7% for the quarter ended December 31, 2025, compared to 27.6% for the same quarter in 2024, driven by increased parts and components sales[1] - Net other income increased to $1,550,000 for the quarter ended December 31, 2025, compared to $534,000 for the same quarter in 2024[4] - The effective income tax rate remained constant at 26.0% for both quarters ended December 31, 2025, and December 31, 2024[5] Cash and Assets - The Company had $147.7 million in cash and cash equivalents and marketable securities as of December 31, 2025, up from $136.3 million at September 30, 2025[6] Backlog and Expenses - Backlog increased to $57.4 million at December 31, 2025, compared to $54.4 million at December 31, 2024[7] - Product engineering and development expenses rose to $758,000 for the quarter ended December 31, 2025, from $677,000 for the same quarter in 2024[2] - Selling, general and administrative expenses decreased to $2,896,000 for the quarter ended December 31, 2025, down from $3,367,000 for the same quarter in 2024[2]