GENCOR INDUSTRIES INC (GENC) Form 10-Q — Jun 12, 2026
Gencor Industries reported Q1 FY2026 revenue of $33.8 million, down 11.5% year-over-year, driven by lower contract equipment sales and timing of shipments. Despite the revenue decline, gross margins expanded to 31.7% from 29.7% in the prior year, though operating income fell 34.6% to $4.2 million due to $3.5 million in trade show expenses. The filing discloses significant governance and control issues, including unremediated material weaknesses in internal controls over financial reporting related to IT general controls and risk assessment. These weaknesses were identified in the prior annual report and remain unresolved as of March 31, 2026.
Key figures
- Eps
- 0.26
- Revenue
- 33799000
- Net Income
- 3843000
- Total Debt
- 0
- Total Assets
- 237062000
- Cash Position
- 43464000
- Backlog
- 60500000
- Operating Income
- 4236000
- Trade Show Expenses
- 3525000
- Gross Margin Percent
- 31.7
- Marketable Securities
- 111670000
Price after filing
Close on the filing date to close N calendar days later (from $14.88). Historical, not a forecast.
AI analysis
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