Gencor Releases Second Quarter Fiscal 2018 Results
Gencor Industries Inc. (GENC)
US:NASDAQ Investor Relations:
gencor.com/index.php?page=investors
Company Research
Source: GlobeNewswire
ORLANDO, Fla., May 03, 2018 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (Nasdaq:GENC) announced today net revenues increased 37% to $30.8 million for the quarter ended March 31, 2018 compared to $22.5 million for the quarter ended March 31, 2017. Gross margins were 28.4% for the quarter ended March 31, 2018 compared to 29.6% for the quarter ended March 31, 2017 as material costs have increased. Product engineering and development expenses increased $288,000 to $758,000 for the quarter ended March 31, 2018 due to increased staffing to meet the higher demands for our engineered products. Selling, general and administrative (“SG&A”) expenses increased $794,000 to $2,921,000 for the quarter ended March 31, 2018. Headcount additions, higher sales commissions and increased advertising and trade show expenses to capitalize on the renewed optimism within the highway construction industry contributed to most of the increase in SG&A expenses. Operating income for the quarter ended March 31,
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GENC
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