Quarterly ResultAug 10, 2026, 06:01 PM
Gencor Q2 Net Income +48.5% to $5.68M; Revenue $33.8M
AI Summary
Gencor Industries, Inc. reported strong financial results for the quarter ended June 30, 2026, with net revenue increasing to $33.8 million and net income rising 48.5% to $5.68 million. The company also saw an 85.0% increase in operating income and an improved gross profit margin. Furthermore, Gencor's backlog surged to $79.2 million, reflecting strong manufacturing execution and industry momentum, positioning the company well for future performance.
Key Highlights
- Net revenue for Q2 2026 increased to $33.8 million from $27.0 million in Q2 2025.
- Net income for Q2 2026 rose 48.5% to $5.68 million, or $0.39 EPS, from $3.83 million, or $0.26 EPS.
- Gross profit margin improved by 140 basis points to 27.9% in Q2 2026.
- Operating income increased 85.0% to $5.80 million in Q2 2026.
- SG&A expenses decreased to $2.95 million in Q2 2026 due to reduced professional services.
- Backlog significantly increased to $79.2 million at June 30, 2026, from $26.2 million a year prior.
- Cash and marketable securities totaled $164.2 million at June 30, 2026.
- Net revenue for the nine months ended June 30, 2026, was $91.18 million, down 5.6%.
Price Impact
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