Gencor Industries Stock News

ORLANDO, Fla., Feb. 11, 2022 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (Nasdaq: GENC) (the “Company”) announced today net revenues of $20.1 million for the quarter ended December 31, 2021 comp

ORLANDO, Fla., Feb. 11, 2022 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (Nasdaq: GENC) (the “Company”) announced today net revenues of $20.1 million for the quarter ended December 31, 2021 compared to $19.0 million for the quarter ended December 31, 2020 due to higher parts revenues. There were no revenues generated by the Blaw-Knox paver product line during the quarter ended December 31, 2020, as the facility was not in production. Gross margins were 18.4% for the quarter ended December 31, 2021 compared to 15.7% for the quarter ended December 31, 2020. Due to the absence of revenues from Blaw-Knox in the quarter ended December 31, 2020, overall gross profit margins were negatively impacted by the unabsorbed manufacturing labor and overhead expenses.

Gencor Industries, Inc. (NASDAQ:GENC) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 30,000 shares, a decline of 23.1% from the November 15th total of 39,000 shares. Based on an average daily trading volume, of 12,100 shares, the short-interest ratio is presently 2.5 []

ORLANDO, Fla., Dec. 17, 2021 (GLOBE NEWSWIRE) -- Gencor Industries, Inc., (NASDAQ: GENC) announced today net revenue for the fourth quarter of 2021 increased 91.7% to $20.0 million compared to $10.5

ORLANDO, Fla., Dec. 17, 2021 (GLOBE NEWSWIRE) -- Gencor Industries, Inc., (NASDAQ: GENC) announced today net revenue for the fourth quarter of 2021 increased 91.7% to $20.0 million compared to $10.5 million for the quarter ended September 30, 2020. The increase in net revenues reflected improved orders from prior year in anticipation of a new, broad infrastructure bill to replace the FAST Act, which after two temporary extensions, would have expired on December 3, 2021. On November 15, 2021, President Biden signed into law a five-year, $1.2 trillion infrastructure bill, the Infrastructure Investment and Jobs Act, including $550 billion in new spending and reauthorization of $650 billion in previously allocated funds. This provides $110 billion for the nation''s highways, bridges and roads. Gross profit as a percentage of net revenue were 17.2% for the quarter ended September 30, 2021, a decrease from 18.3% for the quarter ended September 30, 2020. Gross profit margins were negatively impacted by unabsorbed manufacturing labor and overhead expenses.

Gencor Industries (NASDAQ:GENC) was upgraded by analysts at TheStreet from a c rating to a b- rating in a note issued to investors on Tuesday, TheStreetRatingsTable reports. GENC stock opened at $11.52 on Tuesday. Gencor Industries has a twelve month low of $10.84 and a twelve month high of $15.75. The stock has a market []

Geode Capital Management LLC trimmed its holdings in Gencor Industries, Inc. (NASDAQ:GENC) by 49.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,757 shares of the industrial products companys stock after selling 64,816 shares during the quarter. Geode Capital Management LLCs holdings in Gencor []

ORLANDO, Fla., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (Nasdaq: GENC) announced today net revenues of $24.9 million for the quarter ended June 30, 2021 compared to $22.9 million for

ORLANDO, Fla., May 14, 2021 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (Nasdaq: GENC) announced today net revenues of $21.4 million for the quarter ended March 31, 2021 compared to $26.0 million for

ORLANDO, Fla., Feb. 12, 2021 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (Nasdaq: GENC) announced today net revenues of $19.0 million for the quarter ended December 31, 2020 compared to $18.0 million

ORLANDO, Fla., Dec. 18, 2020 (GLOBE NEWSWIRE) -- Gencor Industries, Inc., (NASDAQ: GENC) announced today net revenue for the quarter ended September 30, 2020 decreased 27.8% to $10.5 million compared

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ORLANDO, Fla., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (Nasdaq: GENC) announced today net revenues of $22.9 million for the quarter ended June 30, 2020 compared to $18.8 million for

ORLANDO, Fla., July 31, 2020 (GLOBE NEWSWIRE) -- Gencor Industries, Inc., (“Gencor”) (NASDAQ:GENC) has announced that it has signed an agreement to acquire the Blaw-Knox paver business and associa

Deutsche Bank AG lessened its holdings in Gencor Industries, Inc. (DE) (NASDAQ:GENC) by 25.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2