Gencor Releases Third 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 for the quarter ended June 30, 2024 decreased $2,326,000 to $25,551,000, from $27,877,000 for the quarter ended June 30, 2023. The decrease in revenues was in equipment sales recognized at a point in time and reduced parts sales. The lower revenues reflect the delayed timing of the shipment of orders. As a percent of sales, gross profit margins decreased to 23.9% in the quarter ended June 30, 2024, compared to 26.9% in the quarter ended June 30, 2023, on lower absorption from reduced production and lower parts sales. Product engineering and development expenses decreased by $21,000 to $824,000 for the quarter ended June 30, 2024, as compared to $845,000 for the quarter ended June 30, 2023. Selling, general and administrative (“SG&A”) expenses increased by $76,000 to $3,290,000 for the quarter ended June 30, 2024, compared to $3,214,000 for the quarter ended June 30, 2023. The increase in SG&A expenses was due to increased professional fees. Operating income decreased fr
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GENC
News
- Gencor Industries, Inc. (NASDAQ: GENC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Gencor Industries, Inc. (NASDAQ: GENC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Gencor Industries, Inc. (NASDAQ: GENC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Gencor (GENC) Q3 Earnings & Revenues Fall Y/Y, Gross Margin Down [Yahoo! Finance]Yahoo! Finance
- Gencor Releases Third Quarter Fiscal 2024 ResultsGlobeNewswire
GENC
Sec Filings
- 8/9/24 - Form 10-Q
- 8/9/24 - Form 8-K
- GENC's page on the SEC website