Gencor Releases First Quarter Fiscal 2018 Results
Gencor Industries Inc. (GENC)
US:NASDAQ Investor Relations:
gencor.com/index.php?page=investors
Company Research
Source: GlobeNewswire
ORLANDO, Fla., Feb. 02, 2018 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (Nasdaq:GENC) announced today net revenues increased 46% to $23.1 million for the quarter ended December 31, 2017 compared to $15.8 million for the quarter ended December 31, 2016. Gross margins were 22.0% for the quarter ended December 31, 2017 compared to 26.3% for the quarter ended December 31, 2016 as the Company increased its manufacturing overhead to support the significantly higher production, as annual revenues have doubled over the past two years. Product engineering and development expenses increased $284,000 to $700,000 for the quarter ended December 31, 2017 due to increased staffing to meet the higher demands for our engineered products. Selling, general and administrative (“SG&A”) expenses increased $502,000 to $2,692,000 for the quarter ended December 31, 2017. Headcount additions, higher sales commissions and increased advertising and trade show expenses to capitalize on the
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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