<span item_type="fundamental" item_id="b016d914427982365055f9ee4e86d409" counter_id="ST/US/GENC" env="prod"></span><span item_type="announcement" item_id="659970625567397761" env="prod"></span><p>Revenue: As of FY2026 Q2, the actual value is USD 33.8 M.</p><p>EPS: As of FY2026 Q2, the actual value is USD 0.26.</p><p>EBIT: As of FY2026 Q2, the actual value is USD 4.236 M.</p><p></p><h3>Financial Performance for the Quarter Ended March 31, 2026 (Q2 FY26) vs. March 31, 2025 (Q2 FY25)</h3><h4>Revenue</h4><p>Net revenue for Gencor Industries, Inc. was $33,799,000 for Q2 FY26, a decrease from $38,204,000 in Q2 FY25, primarily due to lower contract equipment revenues and associated freight revenue resulting from the timing of orders and shipments. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Gross Profit and Margins</h4><p>Gross profit was $10,708,000 for Q2 FY26, compared to $11,353,000 for Q2 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Gross profit margins increased by 200 basis points to 31.7% in Q2 FY26, up from 29.7% in Q2 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Operating Costs</h4><p>Product engineering and development expenses decreased to $629,000 in Q2 FY26 from $681,000 in Q2 FY25, mainly due to lower headcount. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Selling, general and administrative (SG&amp;A) expenses increased to $5,843,000 in Q2 FY26 from $4,192,000 in Q2 FY25, driven by increased trade show expenses. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Trade show expenses specifically were $3,525,000 in Q2 FY26, compared to $345,000 in Q2 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Total operating expenses were $6,472,000 for Q2 FY26, compared to $4,873,000 for Q2 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Operating Profit and Margins</h4><p>Operating income decreased by 34.6% or $2,244,000, to $4,236,000 in Q2 FY26 from $6,480,000 in Q2 FY25, largely due to higher trade show expenses. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Operating margin was 12.5% for Q2 FY26, down from 17.0% for Q2 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Other Income (Expense)</h4><p>Net other income was $937,000 for Q2 FY26, a decrease from $1,756,000 for Q2 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Interest and dividend income, net of fees, was $1,111,000 in Q2 FY26, compared to $1,158,000 in Q2 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Net realized and unrealized losses on marketable securities were -$174,000 for Q2 FY26, a change from net realized and unrealized gains of $598,000 for Q2 FY25, attributed to higher interest rates causing a decline in bond values. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Total other income, net, was $937,000 for Q2 FY26, compared to $1,756,000 for Q2 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Income Before Income Tax Expense</h4><p>Income before income tax expense was $5,173,000 for Q2 FY26, compared to $8,236,000 for Q2 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Income Tax Expense</h4><p>Income tax expense was $1,330,000 for Q2 FY26, compared to $2,141,000 for Q2 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>The effective income tax rate remained at 26% for both quarters. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Net Income</h4><p>Net income decreased by $2,252,000 or 37.0% to $3,843,000 in Q2 FY26 from $6,095,000 in Q2 FY25, primarily due to higher trade show expenses, lower net revenues, and reduced net non-operating income, partially offset by improved gross margins. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h3>Financial Performance for the Six Months Ended March 31, 2026 (H1 FY26) vs. March 31, 2025 (H1 FY25)</h3><h4>Revenue</h4><p>Net revenue for H1 FY26 was $57,376,000, down from $69,620,000 for H1 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Gross Profit</h4><p>Gross profit was $17,463,000 for H1 FY26, compared to $20,021,000 for H1 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Operating Costs</h4><p>Product engineering and development expenses were $1,387,000 for H1 FY26, compared to $1,357,000 for H1 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Selling, general and administrative expenses were $8,739,000 for H1 FY26, compared to $7,560,000 for H1 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Total operating expenses were $10,126,000 for H1 FY26, compared to $8,917,000 for H1 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Operating Profit</h4><p>Operating income was $7,337,000 for H1 FY26, compared to $11,104,000 for H1 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Other Income (Expense)</h4><p>Total other income, net, was $2,487,000 for H1 FY26, compared to $2,290,000 for H1 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Income Before Income Tax Expense</h4><p>Income before income tax expense was $9,824,000 for H1 FY26, compared to $13,394,000 for H1 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Income Tax Expense</h4><p>Income tax expense was $2,539,000 for H1 FY26, compared to $3,482,000 for H1 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Net Income</h4><p>Net income for H1 FY26 was $7,285,000, a decrease from $9,912,000 for H1 FY25, largely due to increased trade show expenses in the second quarter. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h3>Balance Sheet as of March 31, 2026 vs. September 30, 2025</h3><h4>Cash and Marketable Securities</h4><p>Cash and cash equivalents totaled $43,464,000 at March 31, 2026, up from $26,587,000 at September 30, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Marketable securities at fair value were $111,670,000 at March 31, 2026, compared to $109,714,000 at September 30, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Combined cash and cash equivalents and marketable securities were $155.1 million at March 31, 2026, up from $136.3 million at September 30, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Working Capital</h4><p>Net working capital was $205.2 million at March 31, 2026, compared to $197.7 million at September 30, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Total current assets were $220,856,000 at March 31, 2026, compared to $206,541,000 at September 30, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Total current liabilities were $15,610,000 at March 31, 2026, compared to $8,811,000 at September 30, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Debt</h4><p>Gencor Industries, Inc. had no short-term or long-term debt outstanding at March 31, 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h4>Total Liabilities and Shareholders’ Equity</h4><p>Total liabilities were $17,975,000 at March 31, 2026, compared to $10,794,000 at September 30, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>Total shareholders’ equity was $219,087,000 at March 31, 2026, compared to $211,802,000 at September 30, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h3>Operational Metrics</h3><h4>Backlog</h4><p>The Company’s backlog was $60.5 million at March 31, 2026, more than double the $27.8 million at March 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p><h3>Outlook / Guidance</h3><p>Gencor Industries, Inc.’s President and Chairman of the Board, Marc Elliott, noted that the Q2 revenue decline was due to a slow start to the season, delaying asphalt plant orders, but gross profit margins exceeded expectations due to strong manufacturing execution and cost management. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>The record backlog of $60.5 million is expected to support sustainable performance through the remainder of the fiscal year and into fiscal 2027. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span>This performance is anticipated to be driven by remaining IIJA funding obligations flowing to states. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/64472/000119312526271068/d117149dex991.htm"></span></p>

Gencor Inds | 8-K: FY2026 Q2 Revenue: USD 33.8 M