GENCOR INDUSTRIES INC

Listed Company

GENCCIK 0000064472NYSEAcceleratedSmaller ReportingConstruction Machinery & EquipDelawareFY ends Sep 30

Period

FY 2025

Revenue

—

Net Income

$15.66M

Total Assets

$222.60M

Equity

$211.80M

Shares Out

8.01M

Op. Cash Flow

$3.07M

Business

GENCOR INDUSTRIES INC is a manufacturer of heavy machinery for the production of highway construction equipment, asphalt materials and environmental control equipment. It designs, manufactures and sells asphalt pavers, hot-mix asphalt plants (including related storage, filtration and plant components), combustion systems and fluid thermal heat transfer systems, and provides product engineering and development services. Its operations are organized around principal product lines: asphalt plants, combustion systems and industrial incinerators, thermal fluid heat transfer systems, and asphalt pavers. Products are manufactured in the United States and sold primarily to the highway construction industry through company sales representatives and independent dealers and agents, with a significant presence in North America.

Summary from filing dated 2025-12-09

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net revenue	115	113	105	103	85
Cost of goods sold	84	82	76	83	67
Gross profit	32	31	29	21	18
Product engineering and development	3	3	3	4	4
Selling, general and administrative	15	14	12	12	13
Total operating expenses	18	18	16	16	17
Operating income	14	14	13	4	701,000
Interest and dividend income, net of fees	4	3	2	1	2
Realized and unrealized gains (losses) on marketable securities, net	2	4	3	—	—
Other	8,000	−13,000	0	−156,000	0
Total other income (expense), net	6	7	5	−6	6
Income before income tax expense	20	21	19	−2	7
Income tax expense	5	6	4	−1	829,000
Net income	16	15	15	−372,000	6
Net income per common share - basic	1.07	0.99	1	−0.03	0.4
Net income per common share - diluted	1.07	0.99	1	−0.03	0.39

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	27	25	17	10	23
Marketable securities at fair value (cost of $107,237,000 at September 30, 2025 and $88,777,000 at September 30, 2024)	110	90	84	89	95
Accounts receivable, less allowance for credit losses of $434,000 at September 30, 2025 and $390,000 at September 30, 2024	3	2	2	3	3
Contract assets	12	9	2	—	—
Inventories, net	54	64	72	56	42
Prepaid expenses	1	2	—	—	—
Total current assets	207	193	179	162	167
Property and equipment, net	11	11	13	13	12
Deferred income taxes	5	3	3	3	0
Other long-term assets	392,000	383,000	381,000	450,000	838,000
Total Assets	223	208	196	179	179
Accounts payable	2	2	3	4	3
Customer deposits	4	5	—	—	—
Accrued expenses	3	3	4	2	3
Current operating lease liabilities	339,000	330,000	328,000	390,000	393,000
Total current liabilities	9	11	14	12	11
Unrecognized tax benefits	2	1	176,000	—	—
Total liabilities	11	12	14	12	12
Commitments and contingencies	—	—	—	—	—
Preferred stock, par value $.10 per share; 300,000 shares authorized; none issued	0	0	0	0	0
Capital in excess of par value	13	13	13	13	13
Retained earnings	198	182	168	153	153
Total shareholders' equity	212	196	182	167	167
Total Liabilities and Shareholders' Equity	223	208	196	179	179

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net income	16	15	15	−372,000	6
Unrealized gain on marketable securities	−1	−2	−4	—	—
Deferred income taxes	−1	−81,000	−319,000	−3	−451,000
Unrecognized tax benefits	607,000	1	45,000	—	—
Depreciation and amortization	2	3	3	3	3
Provision for credit losses	50,000	0	290,000	194,000	50,000
Loss on disposal of assets	0	12,000	157,000	—	—
Accounts receivable	−1	487,000	239,000	−568,000	−680,000
Contract assets	−3	−8	610,000	—	—
Marketable securities	−18	−3	9	—	—
Inventories	10	8	−16	−14	−4
Prepaid expenses	953,000	−183,000	500,000	−467,000	−1
Accounts payable	−159,000	−1	−982,000	1	1
Customer deposits	−1	−2	951,000	620,000	1
Accrued expenses and other	−514,000	−498,000	2	−758,000	139,000
Total adjustments	−13	−5	−4	−9	−2
Net cash provided by operating activities	3	9	10	−9	4
Capital expenditures	−2	−840,000	−3	−5	−3
Cash used in investing activities	−2	−840,000	−3	−5	−16
Net increase in cash and cash equivalents	1	8	7	−14	−12
Right-of-use assets obtained in exchange for operating lease liabilities	370,000	361,000	352,000	—	—

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