We last wrote on Gencor Industries , Inc. (NYSE: GENC ) (a US-based manufacturer of heavy machinery for highway construction) in April of this year when we pointed to a potential long-term bottom in the stock. Shares atIndividual investor with a keen interest in deriving income from investment setups. We do this by buying undervalued profitable stocks with strong balance sheets & minimal debt. Furthermore, when the opportunity arises, we like to write calls against our positions to bring in additional incom ...

Economic Data Impact - Major economic data released this morning has significantly affected trading futures, with the Dow dropping from +3 points to -180 points, the S&P 500 from -1 to -30 points, and the Nasdaq from +7 to -140 points [1] - The small-cap Russell 2000 has also declined, giving up most of its previous gains, down -36 points [1] Producer Price Index (PPI) - Headline PPI increased by 90 basis points from 0.0% last month to +0.9% for July, indicating a rise in wholesale inflation [2] - Core PPI, excluding food and energy, also rose by 90 basis points month over month, reaching +0.6%, which is significantly above expectations and the highest levels since 2022 [2] - Year-over-year, July's headline PPI is at +3.3%, up from an upwardly revised +2.4% for June, marking the highest since February [3] - Core PPI year-over-year increased by +1.1% to +3.7%, the highest level since March, while ex-food, energy, and trade rose by 30 basis points to +2.8% [3] Jobless Claims - Weekly Jobless Claims reported a decrease of -3K to 224K, remaining below 230K for six consecutive weeks [5] - Continuing Claims are at 1.953 million, down -15K from the previous week, maintaining above 1.9 million for 12 straight weeks [6] - Longer-term claims have remained just below 2 million since mid-April, with a notable increase of +120K from mid-April to late May [7] Earnings Reports - Deere & Co. reported fiscal Q3 results with earnings of $4.75 per share, beating consensus by +7.8%, and revenues of $10.36 billion, exceeding expectations by +1% [8] - Despite outperforming, Deere's full-year guidance was softer than anticipated, leading to a -6% decline in shares [8] - Chinese firms also reported earnings, with JD.com achieving a +38% positive surprise at 69 cents per share, Weibo surpassing estimates by +100% to 54 cents, and NetEase exceeding expectations by 3 cents to $2.07 [9] - JD, Weibo, and VIPS saw gains in pre-market trading, while NTES experienced a -6% decline [9]

Economic Data Impact - Major economic data released this morning has negatively impacted trading futures, with the Dow dropping from +3 points to -180 points, the S&P 500 from -1 to -30 points, and the Nasdaq from +7 to -140 points [1] Producer Price Index (PPI) - Headline PPI increased by 90 basis points from 0.0% to +0.9% for July, with core PPI also rising by 90 basis points month over month [2] - Year-over-year headline PPI reached +3.3%, up from an upwardly revised +2.4% for June, while core PPI soared to +3.7% [3] Jobless Claims - Weekly Jobless Claims decreased by 3,000 to 224,000, remaining below 230,000 for six consecutive weeks [5] - Continuing Claims stood at 1.953 million, down 15,000 from the previous week, marking the 12th consecutive week above 1.9 million [6] Earnings Reports - Deere & Co. reported fiscal Q3 earnings of $4.75 per share, beating consensus estimates by 7.8%, but shares fell by 6% due to softer full-year guidance [8] - JD.com reported earnings of 69 cents per share, a 38% positive surprise, while Weibo exceeded estimates by 100% with earnings of 54 cents per share [9]

齐鲁晚报·齐鲁壹点 李梦瑶 为深化"政金企研"协同，加速产业链融通创新，厚植创新创业沃土，加快培育新质生产力，筑牢高质量 发展的内生根基，8月13日，济南临港经济开发区在国家超算济南中心举办"港通天下·智创未来"服务企 业精准对接会。 产业发展全域创新要素集聚临港 五大高能级平台赋能产业发展 在全球产业变革加速背景下，济南临港经济开发区深化落实"工业强市"战略，强化载体支撑，构建了五 大高能级产业平台。 济南超算科技园（总投资超80亿元），依托国家超算济南中心强大算力，构建超64万㎡创新载体，已密 集集聚国家超算济南中心、海康威视（002415）、云知声等48家头部科企，铸强数字产业集群核心。国 家中欧班列（济南）集结中心核心枢纽，作为国家级开放平台，依托全省统筹济青联动机制，重点打造 班列作业、海关监管与联动发展功能区，强力托举内陆开放新高地。齐鲁光谷（规划占地约7300亩）分 步建设，一期重点布局激光制造、研发设计及展示功能，已高效集聚邦德激光、大图激光等26家核心企 业，总投资额达43亿元。济南航空航天城（规划占地1000亩），着力构建"孵化-加速-产业化"全链条生 态，正与行业央国企、顶尖院所及商业航 ...

Financial Performance - Q2 2025 - Net sales reached $540 million[17] - Adjusted EBITDA was $26 million[17] - Orders totaled $454 million[17] - Non-new machine sales increased by 10% year-over-year, reaching $162 million[13] Market Conditions - North America is experiencing a market on hold due to tariff-related uncertainty, but with high fleet utilization and declining dealer inventory[20] - Asia Pacific is seeing prolonged weakness in China, but improving sentiment in South Korea and mixed results in Australia[20] - Europe has varying market sentiment depending on the country, with new government stimulus programs and increasing residential permits[20] - The Middle East shows robust market demand driven by major residential, data center, and stadium project activity[20] Full Year 2025 Guidance - Net sales are projected to be between $2.175 billion and $2.275 billion[47] - Adjusted EBITDA is expected to be between $120 million and $145 million[47] - Capital expenditures are estimated at $47 million, with $23 million related to the rental fleet[47] - Adjusted free cash flows are projected to be between $55 million and $85 million, excluding EPA payment[47]

Core Viewpoint - Gencor Industries, Inc. reported a 5.6% increase in net revenue for the quarter ended June 30, 2025, driven by higher contract equipment sales and parts revenues, alongside improved gross profit margins due to enhanced production activities [1][3][8]. Financial Performance - Net revenue for the quarter ended June 30, 2025, was $26,986,000, up from $25,551,000 in the same quarter of 2024 [1]. - Gross profit margins improved to 26.5% in Q2 2025 from 23.9% in Q2 2024 [1]. - Operating income rose to $3,137,000 for the quarter ended June 30, 2025, compared to $1,993,000 for the same period in 2024, attributed to higher revenues and improved gross margins [3]. - Net income for the quarter ended June 30, 2025, was $3,828,000, or $0.26 per share, compared to $2,558,000, or $0.17 per share, in Q2 2024 [5]. Expense Management - Product engineering and development expenses decreased by $83,000 to $741,000 for the quarter ended June 30, 2025, due to reduced headcount [2]. - Selling, general and administrative expenses remained relatively stable at $3,265,000 for Q2 2025, compared to $3,290,000 in Q2 2024 [2]. Other Income - The company reported net other income of $2,036,000 for the quarter ended June 30, 2025, up from $1,329,000 in the same quarter of 2024, including net realized and unrealized gains on marketable securities of $894,000 compared to $363,000 in Q2 2024 [4]. Year-to-Date Performance - For the nine months ended June 30, 2025, Gencor had net revenue of $96,606,000 and net income of $13,740,000, compared to $92,245,000 and $13,106,000 for the same period in 2024, reflecting a 5% increase in revenue and a 14% increase in operating income [6][8]. Balance Sheet Highlights - As of June 30, 2025, the company had $136.0 million in cash and cash equivalents and marketable securities, an increase from $115.4 million at September 30, 2024 [7]. - Net working capital was $197.1 million at June 30, 2025, compared to $182.2 million at September 30, 2024 [7]. - The company's backlog decreased to $26.2 million at June 30, 2025, from $46.6 million at June 30, 2024 [7].

Market Overview - Pre-market futures are showing positive movement across major indexes, with the Dow and S&P 500 up slightly, while the Nasdaq is up by 70 points [1] - The small-cap Russell 2000 is also in the green, up by 0.40% after a strong performance the previous day [1] Earnings Reports - BP reported its first positive earnings surprise in three quarters, with earnings of $0.90 per share, exceeding the consensus of $0.68 by 32.35% [3] - Marathon Petroleum posted earnings of $3.96 per share, beating the consensus of $3.22 by 23%, with revenues of $34.1 billion, a surprise of 10.3% [4] - Pfizer continued its streak of positive earnings surprises for 13 consecutive quarters, reporting earnings of $0.78 per share, surpassing expectations by 34.48% [5] - Great Lakes Dredge & Dock saw an earnings surprise of 75%, reporting $0.14 per share against a consensus of $0.08, with shares up 8.7% [5] - Caterpillar missed earnings expectations, reporting $4.72 per share, below the anticipated $4.88, although revenues of $16.57 billion beat estimates by 1.32% [6] Trade Deficit - The U.S. trade deficit improved to -$60.18 billion in June, significantly better than the projected -$61.0 billion and down from -$75.5 billion the previous month [7] Economic Indicators - The final PMI on S&P and ISM Services for July is expected to be released, with previous S&P print at 52.9 and ISM at 50.8, now anticipated to increase to 51.1 [8] Upcoming Earnings - The week is busy for Q2 earnings reports, with notable tech firms like Advanced Micro Devices, Arista Networks, and Skyworks Solutions set to report, along with Amgen, Snap, Match Group, and Trivago [9]

In its upcoming report, Oshkosh (OSK) is predicted by Wall Street analysts to post quarterly earnings of $2.98 per share, reflecting a decline of 10.8% compared to the same period last year. Revenues are forecasted to be $2.65 billion, representing a year-over-year decrease of 7%. The consensus EPS estimate for the quarter has been revised 1.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this ...

Market Overview - The U.S. markets have shown an upward trend, with the S&P 500 and Nasdaq Composite reaching all-time highs, increasing by 1.32% and 0.64% respectively last week [1] - Positive corporate earnings and expectations of easing tariffs and trade policies have bolstered investor confidence [1] - Concerns over inflation and signs of a potential economic slowdown are influencing the Federal Reserve's cautious stance on interest rates [1] Economic Indicators - The Conference Board's Leading Economic Indicator fell by 0.3% in June, indicating early signs of a slowdown, with weakened consumer expectations and fewer manufacturing orders [2] - The S&P Global's U.S. flash PMI data for July indicated an acceleration in business activity driven by the services sector, while the manufacturing PMI dropped to 49.5 [2] - Initial jobless claims decreased by 4,000 to 217,000 for the week ending July 19, suggesting a resilient labor market with limited layoffs [2] Stock Performance - AngloGold Ashanti plc's shares increased by 23.1% since its upgrade to Zacks Rank 1 on May 19, outperforming the S&P 500's 7.2% increase [3][4] - NN Group N.V. saw a return of 12.1% since its upgrade to Zacks Rank 1 on May 29, compared to the S&P 500's 8.4% increase [4] - Zacks Rank 1 stocks returned +6.51% in May 2025, outperforming the S&P 500's +4.47% [5] Portfolio Performance - A hypothetical portfolio of Zacks Rank 1 stocks has outperformed the S&P 500 index by more than 12 percentage points since 1988 [6] - The Zacks Focus List portfolio returned +8.84% in 2025 (through June 30) compared to +6.21% for the S&P 500 [14] - The Zacks Earnings Certain Admiral Portfolio (ECAP) returned +3.20% in Q1 2025, outperforming the S&P 500's -4.30% decline [18] Notable Stocks - Intellia Therapeutics, Inc. gained 60.3% over the past 12 weeks, while Caterpillar Inc. returned 41.3% in the same period [13][14] - OptimizeRx Corporation and Artisan Partners Asset Management saw increases of 18.2% and 14.6% respectively since their upgrades to Outperform [10] - Hershey Company returned 17.8% over the past 12 weeks, benefiting from investor interest in quality dividend stocks [20]

Core Viewpoint - Gencor Industries, Inc. reported a decrease in net revenue and operating income for the quarter ended March 31, 2025, compared to the same period in 2024, primarily due to lower revenues and increased material costs, although net other income showed improvement [1][3][4]. Financial Performance - Net revenue for the quarter ended March 31, 2025, was $38.204 million, a decrease of 6.1% from $40.676 million in the same quarter of 2024 [1]. - Gross profit margin was 29.7% for the quarter ended March 31, 2025, down from 30.3% in the same quarter of 2024, attributed to higher material costs [1]. - Operating income decreased to $6.480 million for the quarter ended March 31, 2025, compared to $7.072 million for the same quarter in 2024 [3]. - Net income for the quarter ended March 31, 2025, was $6.095 million, or $0.42 per share, compared to $6.222 million, or $0.42 per share, for the same quarter in 2024 [5]. Expense Management - Product engineering and development expenses decreased by $212,000 to $681,000 for the quarter ended March 31, 2025, due to reduced headcount [2]. - Selling, general and administrative expenses decreased to $4.192 million for the quarter ended March 31, 2025, from $4.357 million in the same quarter of 2024, due to lower commissions on reduced revenues [2]. Other Income and Taxation - Net other income for the quarter ended March 31, 2025, was $1.756 million, up from $1.008 million in the same quarter of 2024, with realized and unrealized gains on marketable securities contributing $598,000 compared to $205,000 in the prior year [4]. - The effective income tax rate increased to 26.0% for the quarter ended March 31, 2025, from 23.0% in the same quarter of 2024 [5]. Six-Month Performance - For the six months ended March 31, 2025, net revenue was $69.620 million, compared to $66.694 million for the same period in 2024 [6]. - Net income for the six months ended March 31, 2025, was $9.912 million, or $0.68 per share, down from $10.548 million, or $0.72 per share, for the same period in 2024 [6]. Balance Sheet Highlights - As of March 31, 2025, the company had $143.7 million in cash and cash equivalents and marketable securities, an increase from $115.4 million at September 30, 2024 [7]. - Net working capital was $193.2 million at March 31, 2025, compared to $182.2 million at September 30, 2024 [7]. - The company's backlog decreased to $27.8 million at March 31, 2025, from $50.4 million at the same time in 2024 [7]. Management Commentary - The President of Gencor expressed satisfaction with the overall performance, highlighting a significant increase in revenues for the first quarter, despite a slight decline in the second quarter [8].