Overview
Gencor Q4 revenue falls 10% yr/yr to $18.8 mln
Company reports operating due to lower margins and higher SG&A expenses
Net income rises to $1.9 mln in Q4, aided by income tax benefit
Outlook
Company did not provide specific future guidance
Result Drivers
LOWER MARGINS - Reduced manufacturing overhead absorption led to lower gross profit margins
HIGHER SG&A EXPENSES - Increased SG&A expenses contributed to operating loss
BACKLOG DECREASE - Significant decrease in backlog from $56.2 mln to $23.6 mln
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | $18.80 mln | ||
Q4 Net Income | $1.90 mln | ||
Q4 Operating Income | -$200,000 |
Press Release: ID:nGNX6435gz
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)