Gencor Industries Reports 20.7% Increase in Q1 Fiscal 2025 Net Revenue; Operating Income Rises to $4.6M

Reuters
07-25
Gencor Industries Reports 20.7% Increase in Q1 Fiscal 2025 Net Revenue; Operating Income Rises to $4.6M

Gencor Industries, Inc. announced its first-quarter fiscal 2025 results, reporting a net revenue increase of 20.7% to $31.416 million for the quarter ended December 31, 2024, compared to $26.018 million for the same period in 2023. This rise was driven by significant growth in revenue from contract equipment sales recognized over time, despite a decrease in parts sales. Gross profit margins declined to 27.6% from 29.0% due to the decreased contribution of parts sales. Operating income for the quarter rose to $4.624 million from $3.383 million in the previous year, attributed to higher net revenues. However, net other income decreased to $534,000 from $2.235 million in the prior year, impacted by higher yields affecting the value of bond holdings. Product engineering and development expenses fell to $677,000 from $801,000, primarily due to lower headcount, while selling, general, and administrative expenses saw a slight increase to $3.367 million from $3.350 million. The company's backlog stood at $54.4 million as of December 31, 2024, down from $61.3 million the previous year. Gencor Industries, a diversified heavy machinery manufacturer, continues to operate with no short-term or long-term debt as of the end of the quarter. No specific outlook or guidance was provided in the report.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gencor Industries Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-164824), on July 25, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10