GENC Gencor Industries Dashboard

Gencor Industries, Inc. engages in the designing, manufacturing and sales of heavy machinery and related equipment used in the production of highway construction materials, synthetic fuels and environmental control equipment. Its products include asphalt plants, combustion systems and fluid heat transfer systems. The company was founded by Emanuel J. Elliott in 1968 and is headquartered in Orlando, FL.

Company profile

Ticker

GENC

Exchange

NASDAQ

Website

www.gencor.com

CEO

John E. Elliott

Incorporated

Delaware

Location

Florida

Fiscal year end

Sep 30

Sector

Manufacturing > Iron and Steel Forging

Industry (SIC)

Construction Machinery & Equip

Caterpillar • CNH Industrial • Manitowoc • Astec Industries • Douglas Dynamics • Columbus Mckinnon • ASV • REED ...

SEC CIK

0000064472

Corporate docs

Articles of Incorporation & Bylaws

IRS number

590933147

GENC stock data

S&P 500

1M 1Y 2Y 5Y

News

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During Monday's morning trading, 284 companies set new 52-week highs.

Gencor Industries Q1 EPS $0.11 Down From $0.17 YoY, Sales $18.96M Up From $18.03M YoY

12 Feb 21

Press releases

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Gencor Releases First Quarter Fiscal 2021 Results

12 Feb 21

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 for the quarter

Calendar

12 Feb 21

12 Apr 21

30 Sep 21

Financial summary

Financial statements Chart GENC financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Sep 20	Sep 19	Sep 18	Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	23.96M	23.96M	23.96M	23.96M	23.96M	23.96M
Cash burn (monthly)	3.88M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	13.25M	n/a	n/a	n/a	n/a	n/a
Cash remaining	10.71M	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	2.8	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

GENC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
12 Mar 21	Eric E Mellen	Common Stock	Sell	Dispose S	No	No	15.688	2,400	37.65K	100
10 Mar 21	Jeanne M Lyons	Common Stock	Sell	Dispose S	No	No	15.18	950	14.42K	12
9 Mar 21	Jeanne M Lyons	Common Stock	Sell	Dispose S	No	No	14.98	588	8.81K	962
8 Mar 21	Jeanne M Lyons	Common Stock	Sell	Dispose S	No	No	14.805	2,000	29.61K	1,550
8 Mar 21	James P Sharp	Common Stock	Sell	Dispose S	No	No	14.805	1,979	29.3K	0
5 Mar 21	James P Sharp	Common Stock	Sell	Dispose S	No	No	14.7	21	308.7	1,979
4 Mar 21	James P Sharp	Common Stock	Sell	Dispose S	No	No	14.325	4,000	57.3K	2,000
3 Mar 21	James P Sharp	Common Stock	Sell	Dispose S	No	No	14.386	1,500	21.58K	6,000
18 Feb 21	Jeanne M Lyons	Common Stock	Option exercise	Aquire M	No	No	5.126	3,500	17.94K	3,550
18 Feb 21	Jeanne M Lyons	Stock Options Common Stock	Option exercise	Aquire M	No	No	5.126	3,500	17.94K	4,500

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

GENC institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

54.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	49	45	+8.9%
Opened positions	6	2	+200.0%
Closed positions	2	8	-75.0%
Increased positions	18	11	+63.6%
Reduced positions	18	20	-10.0%

13F shares	Current	Prev Q	Change
Total value	106.74M	96.42M	+10.7%
Total shares	6.73M	6.7M	+0.4%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Royce & Associates	1.39M	$17.16M	-3.8%
Systematic Financial Management	948.9K	$11.67M	-1.1%
Vanguard	758.88K	$9.33M	-6.2%
Dimensional Fund Advisors	726.88K	$8.94M	-1.6%
Renaissance Technologies	545.25K	$6.71M	+1.9%
BLK Blackrock	528.43K	$6.5M	+7.6%
TETAA Teton Advisors	470K	$5.78M	-4.5%
STT State Street	154.9K	$1.91M	-1.0%
First Republic Investment Management	129.46K	$1.59M	+7.4%
Geode Capital Management	120K	$1.48M	+2.0%

Largest transactions	Shares	Bought/sold	Change
Royce & Associates	1.39M	-55.6K	-3.8%
Vanguard	758.88K	-50.4K	-6.2%
Bridgeway Capital Management	43.45K	+43.45K	NEW
BLK Blackrock	528.43K	+37.18K	+7.6%
Gabelli Funds	25.6K	+25.6K	NEW
TETAA Teton Advisors	470K	-22K	-4.5%
California State Teachers Retirement System	14.15K	+14.15K	NEW
Dimensional Fund Advisors	726.88K	-12.08K	-1.6%
Systematic Financial Management	948.9K	-10.64K	-1.1%
Perritt Capital Management	73.66K	+10.41K	+16.5%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Astec Industries

Management Discussion

Net revenues for the quarters ended December 31, 2020 and December 31, 2019 were $18,964,000 and $18,030,000, respectively, an increase of $934,000. The improved revenues reflect an increase in parts and component sales over the comparative quarter in the prior year. There were no revenues generated by Blaw-Knox during the quarter ended December 31, 2020, as the facility is being readied to begin production.
As a percent of sales, gross profit margins were 15.7% in the quarter ended December 31, 2020, compared to 24.0% in the quarter ended December 31, 2019. The gross profit margins for the quarter ended December 31, 2020 were impacted by approximately $1.5 million of unabsorbed manufacturing labor and overhead expenses related to the Blaw-Knox paver product line. Excluding these expenses, the gross profit margin for the quarter ended December 31, 2020, would have been 23.5%, with increases in steel prices contributing to the lower overall gross margins.
Product engineering and development expenses increased $79,000 to $845,000 for the quarter ended December 31, 2020, as compared to $766,000 for the quarter ended December 31, 2019, due primarily to engineering wages related to the Blaw-Knox paver product line. Selling, general and administrative (“SG&A”) expenses increased by $812,000 to $3,194,000 for the quarter ended December 31, 2020, compared to the quarter ended December 31, 2019. The increase in SG&A expenses was primarily due to professional fees, salaries, travel and other general expenses of approximately $0.5 million related to the acquisition. In addition, increased advertising expenses contributed to the higher SG&A expenses during the first quarter of fiscal 2021.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Bad

New words: acquisition, advertising, aggregation, ASC, assumed, August, automatic, automaticone, category, combination, entered, entry, established, eve, extension, Framework, hand, immaterial, improved, inception, intellectual, leasehold, litigation, LLC, minimum, NaN, November, passed, petrochemical, policy, readied, ready, removal, rental, reverse, ROU, segment, space, startup, Summary, taxable, type, unabsorbed, warehousing

Removed: adjusted, adjustment, amending, arising, award, Caution, Classification, closely, Code, conforming, crude, cumulative, decline, deduction, deemed, depict, discussed, Donald, enacted, entitled, entity, FIFO, foreign, fuel, fulfill, GAAP, headcount, heading, implementing, imposing, January, LIFO, lowered, March, matching, method, modification, obtain, percentage, physical, principle, reflected, repatriated, repatriation, repealing, resulting, retrospectively, show, subsequently, system, territorial, trade, Trump, uncertainty, uncollectable

From filing 10-Q 2021 Q1