Gencor Industries Inc. reported net revenue of USD 23.58 million for the first quarter ended December 31, 2025, representing a decrease of 25% compared to the same period of the previous year. Gross profit margin improved to 28.7% in the quarter, up from 27.6% in the prior-year period, driven by increased sales of parts and components, which typically have higher margins than contract equipment sales. The company’s backlog stood at USD 57.4 million at December 31, 2025, an increase compared to the same period last year. Cash and cash equivalents totaled USD 36.73 million, while marketable securities amounted to USD 111.00 million as of quarter-end. Gencor Industries Inc. reported net working capital of USD 200.9 million and had no short-term or long-term debt outstanding. Management highlighted that the decrease in contract equipment sales was primarily due to delays and uncertainty surrounding the replacement of the current five-year Federal infrastructure spending bill, which is set to expire on September 30, 2026. The company noted that a weaker-than-normal backlog and a government shutdown affected customer confidence in the first quarter. However, a recent increase in order activity and improved customer optimism on large capital purchases were observed, indicating a positive outlook for the year ahead.

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 GlobeNewswire (Ref. ID: 9649882) on February 06, 2026, and is solely responsible for the information contained therein.