ORLANDO, Fla., Feb. 06, 2026 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenue for the quarter ended December 31, 2025 was $23,577,000 compared with $31,416,000 for the quarter ended December 31, 2024 a decrease of $7,839,000. Net revenue from contract equipment sales decreased in the quarter ended December 31, 2025. The decre...
ORLANDO, Fla., Feb. 06, 2026 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today net revenue for the quarter ended December 31, 2025 was $23,577,000 compared with $31,416,000 for the quarter ended December 31, 2024 a decrease of $7,839,000. Net revenue from contract equipment sales decreased in the quarter ended December 31, 2025. The decrease in contract equipment sales was due primarily to delays and uncertainty around replacement of the current five year Federal infrastructure spending bill which is scheduled to expire on September 30, 2026. As a percent of sales, gross profit margins were 28.7% in the quarter ended December 31, 2025, compared to 27.6% in the quarter ended December 31, 2024. The improved gross margins were driven by increased parts and components sales which typically have a higher margin compared to contract equipment sales. Product engineering and development expenses increased $81,000 to $758,000 for the quarter ended December 31, 2025, as compared to $677,000 for the quarter ended December 31, 2024. Selling, general and administrative (“SG&A”) expenses decreased $471,000 to $2,896,000 for the quarter ended December 31, 2025, compared to $3,367,000 for the quarter ended December 31, 2024 due to lower commissions and professional service fees. The Company had operating income of $3,101,000 for the quarter ended December 31, 2025 as compared to $4,624,000 for the quarter ended December 31, 2024. The decrease in operating income was due to lower revenues in the quarter ended December 31, 2025. For the quarter ended December 31, 2025, the Company had net other income of $1,550,000 compared to $534,000 for the quarter ended December 31, 2024. Included in net other income for the quarter ended December 31, 2025 were net realized and unrealized gains on marketable securities of $373,000 compared to net realized and unrealized losses of $(455,000) for the quarter ended December 31, 2024. The ef...