Gencor Releases Second Quarter Fiscal 2024 Results [Yahoo! Finance]
Gencor Industries Inc. (GENC)
US:NASDAQ Investor Relations:
gencor.com/index.php?page=investors
Company Research
Source: Yahoo! Finance
revenues increased 33.4% to $40,676,000 for the quarter ended March 31, 2024 compared with $30,501,000 for the quarter ended March 31, 2023. Gross profit margins for the quarter ended March 31, 2024 were 30.3% compared with 29.8% for the quarter ended March 31, 2023 on improved absorption on increased production and favorable price realization. Product engineering and development expenses increased $19,000 to $893,000 for the quarter ended March 31, 2024, as compared to $874,000 for the quarter ended March 31, 2023. Selling, general and administrative (“SG&A”) expenses increased $1,295,000 to $4,357,000 for the quarter ended March 31, 2024, compared to $3,062,000 for the quarter ended March 31, 2023. The increase in SG&A expenses was primarily due to increased trade show expenses, professional fees and commissions on higher sales. Operating income increased 37.0% or $1,911,000 from $5,161,000 for the quarter ended March 31, 2023 to $7,072,000 for the quarter ended March 31, 2024,
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GENC
News
- Gencor Industries, Inc. (NASDAQ: GENC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Gencor Industries, Inc. (NASDAQ: GENC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Gencor Industries, Inc. (NASDAQ: GENC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Gencor Industries, Inc. (NASDAQ: GENC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Zacks Initiates Coverage of Gencor Industries With Outperform Recommendation [Yahoo! Finance]Yahoo! Finance
GENC
Sec Filings
- 5/30/24 - Form SD
- 5/10/24 - Form 10-Q
- 5/10/24 - Form 8-K
- GENC's page on the SEC website