Gencor Q4 revenue falls 10% yr/yr, net income rises helped by income tax benefit

Reuters
12/09
Gencor Q4 revenue falls 10% yr/yr, net income rises helped by income tax benefit

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

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