| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 33.80 | 43.3% | 11.5% |
| Total Income | 33.80 | 43.3% | 11.5% |
| Expenditure | 29.56 | 44.3% | 6.8% |
| PBT | 5.17 | 11.2% | 37.3% |
| Net Profit | 3.84 | 11.6% | 37.0% |
| OPM | 12.53% | 0.62pp | 4.43pp |
| NPM | 11.37% | 3.23pp | 4.58pp |
| EPS | 0.26 | 13.0% | 38.1% |
Gencor Industries Reports Q2 FY26 Results with Increased Backlog
16 Jun 2026 · 16 Jun, 1:38 am
Summary
Gencor Industries announced its second quarter fiscal 2026 results, reporting a decrease in net revenue to $33,799,000 from $38,204,000 in the prior year quarter, primarily due to lower contract equipment and freight revenues. Despite the revenue decline, gross profit margins improved to 31.7% from 29.7% year-over-year. Operating income and net income saw significant decreases, with net income falling 37.0% to $3,843,000, impacted by higher trade show expenses. The company ended the quarter with a backlog of $60.5 million, more than double the previous year, positioning it for future performance.
Key Highlights
- 1
Gencor Industries reported net revenue of $33,799,000 for the quarter ended March 31, 2026, a decrease from $38,204,000 in the prior year quarter.
- 2
Gross profit margins increased 200 basis points to 31.7% in the quarter ended March 31, 2026, compared to 29.7% in the same period last year.
- 3
Operating income decreased by 34.6% to $4,236,000 for the quarter ended March 31, 2026, compared to $6,480,000 in the prior year quarter, largely due to increased trade show expenses.
- 4
Net income for the quarter ended March 31, 2026, decreased 37.0% to $3,843,000, or $0.26 per share, from $6,095,000, or $0.42 per share, in the prior year quarter.
- 5
For the six months ended March 31, 2026, net revenue was $57,376,000 and net income was $7,285,000, compared to $69,620,000 and $9,912,000 respectively for the same period in the prior year.
- 6
The Company's backlog stood at $60.5 million at March 31, 2026, more than double the $27.8 million backlog at March 31, 2025.
Management Comments
Marc Elliott
Gencor’s second quarter revenue decline from the previous year was due to a slow start to the season delaying asphalt plant orders typically sold earlier in the fiscal year. Despite lower revenue, gross profit margins exceeded expectations, reflecting strong manufacturing execution and effective cost management. Our $60.5 million backlog was more than double the prior year as remaining IIJA funding obligations continued to flow to states. With this record backlog entering the third quarter, we are well-positioned for sustainable performance through the remainder of this fiscal year and into fiscal 2027.
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