Gencor Industries Inc Reports Modest Revenue Growth and Improved Profitability in Q1 Fiscal 2024 [Yahoo! Finance]
Gencor Industries Inc. (GENC)
US:NASDAQ Investor Relations:
gencor.com/index.php?page=investors
Company Research
Source: Yahoo! Finance
Gross Profit Margin : Improved to 29.0% from 22.5% year-over-year, reflecting better manufacturing efficiencies and pricing. Operating Income : Increased significantly to $3.38 million, up from $2.12 million in the same quarter last year. Net Income : Rose to $4.33 million, or $0.30 per share, compared to $3.48 million, or $0.24 per share in Q1 fiscal 2023. Cash Position : Strong liquidity with $104.8 million in cash and marketable securities as of December 31, 2023. Backlog : Substantial year-over-year increase to $61.3 million, indicating robust demand for the company's products. Warning! GuruFocus has detected 7 Warning Signs with GENC. On February 6, 2024, Gencor Industries Inc ( GENC ), a leading manufacturer of heavy machinery for highway construction and environmental control, released its 8-K filing , detailing the financial results for the first quarter of fiscal year 2024. The company reported a modest increase in net revenues, which rose to $26.02 million from
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News
- Palm Valley Capital Management Sold Gencor Industries (GENC) on Stock Price Appreciation [Yahoo! Finance]Yahoo! Finance
- Gencor Industries, Inc. (NASDAQ: GENC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Judge says no to Richland asphalt plant plans; zoning hearing board's decision reversed, homeowners' appeal granted [Yahoo! Finance]Yahoo! Finance
- Gencor Industries, Inc. (NASDAQ: GENC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Cadence Design and Hasbro have been highlighted as Zacks Bull and Bear of the Day [Yahoo! Finance]Yahoo! Finance
GENC
Sec Filings
- 3/7/24 - Form 8-K
- 2/13/24 - Form 4
- 2/13/24 - Form SC
- GENC's page on the SEC website