--- title: "Gencor Inds | 8-K: FY2026 Q2 Revenue: USD 33.8 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/289823264.md" datetime: "2026-06-15T20:09:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289823264.md) - [en](https://longbridge.com/en/news/289823264.md) - [zh-HK](https://longbridge.com/zh-HK/news/289823264.md) --- # Gencor Inds | 8-K: FY2026 Q2 Revenue: USD 33.8 M Revenue: As of FY2026 Q2, the actual value is USD 33.8 M. EPS: As of FY2026 Q2, the actual value is USD 0.26. EBIT: As of FY2026 Q2, the actual value is USD 4.236 M. ### Financial Performance for the Quarter Ended March 31, 2026 (Q2 FY26) vs. March 31, 2025 (Q2 FY25) #### Revenue 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. #### Gross Profit and Margins Gross profit was $10,708,000 for Q2 FY26, compared to $11,353,000 for Q2 FY25. Gross profit margins increased by 200 basis points to 31.7% in Q2 FY26, up from 29.7% in Q2 FY25. #### Operating Costs Product engineering and development expenses decreased to $629,000 in Q2 FY26 from $681,000 in Q2 FY25, mainly due to lower headcount. Selling, general and administrative (SG&A) expenses increased to $5,843,000 in Q2 FY26 from $4,192,000 in Q2 FY25, driven by increased trade show expenses. Trade show expenses specifically were $3,525,000 in Q2 FY26, compared to $345,000 in Q2 FY25. Total operating expenses were $6,472,000 for Q2 FY26, compared to $4,873,000 for Q2 FY25. #### Operating Profit and Margins 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. Operating margin was 12.5% for Q2 FY26, down from 17.0% for Q2 FY25. #### Other Income (Expense) Net other income was $937,000 for Q2 FY26, a decrease from $1,756,000 for Q2 FY25. Interest and dividend income, net of fees, was $1,111,000 in Q2 FY26, compared to $1,158,000 in Q2 FY25. 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. Total other income, net, was $937,000 for Q2 FY26, compared to $1,756,000 for Q2 FY25. #### Income Before Income Tax Expense Income before income tax expense was $5,173,000 for Q2 FY26, compared to $8,236,000 for Q2 FY25. #### Income Tax Expense Income tax expense was $1,330,000 for Q2 FY26, compared to $2,141,000 for Q2 FY25. The effective income tax rate remained at 26% for both quarters. #### Net Income 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. ### Financial Performance for the Six Months Ended March 31, 2026 (H1 FY26) vs. March 31, 2025 (H1 FY25) #### Revenue Net revenue for H1 FY26 was $57,376,000, down from $69,620,000 for H1 FY25. #### Gross Profit Gross profit was $17,463,000 for H1 FY26, compared to $20,021,000 for H1 FY25. #### Operating Costs Product engineering and development expenses were $1,387,000 for H1 FY26, compared to $1,357,000 for H1 FY25. Selling, general and administrative expenses were $8,739,000 for H1 FY26, compared to $7,560,000 for H1 FY25. Total operating expenses were $10,126,000 for H1 FY26, compared to $8,917,000 for H1 FY25. #### Operating Profit Operating income was $7,337,000 for H1 FY26, compared to $11,104,000 for H1 FY25. #### Other Income (Expense) Total other income, net, was $2,487,000 for H1 FY26, compared to $2,290,000 for H1 FY25. #### Income Before Income Tax Expense Income before income tax expense was $9,824,000 for H1 FY26, compared to $13,394,000 for H1 FY25. #### Income Tax Expense Income tax expense was $2,539,000 for H1 FY26, compared to $3,482,000 for H1 FY25. #### Net Income 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. ### Balance Sheet as of March 31, 2026 vs. September 30, 2025 #### Cash and Marketable Securities Cash and cash equivalents totaled $43,464,000 at March 31, 2026, up from $26,587,000 at September 30, 2025. Marketable securities at fair value were $111,670,000 at March 31, 2026, compared to $109,714,000 at September 30, 2025. 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. #### Working Capital Net working capital was $205.2 million at March 31, 2026, compared to $197.7 million at September 30, 2025. Total current assets were $220,856,000 at March 31, 2026, compared to $206,541,000 at September 30, 2025. Total current liabilities were $15,610,000 at March 31, 2026, compared to $8,811,000 at September 30, 2025. #### Debt Gencor Industries, Inc. had no short-term or long-term debt outstanding at March 31, 2026. #### Total Liabilities and Shareholders’ Equity Total liabilities were $17,975,000 at March 31, 2026, compared to $10,794,000 at September 30, 2025. Total shareholders’ equity was $219,087,000 at March 31, 2026, compared to $211,802,000 at September 30, 2025. ### Operational Metrics #### Backlog The Company’s backlog was $60.5 million at March 31, 2026, more than double the $27.8 million at March 31, 2025. ### Outlook / Guidance 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. The record backlog of $60.5 million is expected to support sustainable performance through the remainder of the fiscal year and into fiscal 2027. This performance is anticipated to be driven by remaining IIJA funding obligations flowing to states. ### Related Stocks - [GENC.US](https://longbridge.com/en/quote/GENC.US.md) ## Related News & Research - [Gencor regains NYSE American compliance after filing delayed quarterly report](https://longbridge.com/en/news/290099249.md) - [Is the 2026 Soybean Rally Over?](https://longbridge.com/en/news/290237132.md) - [Bouygues showcases child-focused parental control app feature at VivaTech 2026](https://longbridge.com/en/news/290219266.md) - [BasicNet draws global spotlight at Pitti for Woolrich SS27 showcase](https://longbridge.com/en/news/290192932.md) - [Nucor Announces Guidance For The Second Quarter Of 2026 Earnings](https://longbridge.com/en/news/290102744.md)