GENC Gencor Industries

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
Website
CEO
John E. Elliott
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Caterpillar • CNH Industrial • Manitowoc • Astec Industries • Douglas Dynamics • Columbus Mckinnon • ASV • REED ...
SEC CIK
Corporate docs
IRS number
590933147
GENC stock data
()
Press releases
Calendar
12 Feb 21
12 Apr 21
30 Sep 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Annual (USD) |
Sep 20 | Sep 19 | Sep 18 | Sep 17 | |
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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 |
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 49 |
Opened positions | 6 |
Closed positions | 2 |
Increased positions | 18 |
Reduced positions | 18 |
13F shares |
Current |
---|---|
Total value | 106.74M |
Total shares | 6.73M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Royce & Associates | 1.39M | $17.16M |
Systematic Financial Management | 948.9K | $11.67M |
Vanguard | 758.88K | $9.33M |
Dimensional Fund Advisors | 726.88K | $8.94M |
Renaissance Technologies | 545.25K | $6.71M |
BLK Blackrock | 528.43K | $6.5M |
TETAA Teton Advisors | 470K | $5.78M |
STT State Street | 154.9K | $1.91M |
First Republic Investment Management | 129.46K | $1.59M |
Geode Capital Management | 120K | $1.48M |
Financial report summary
?Competition
Astec IndustriesManagement 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
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Readability |
8th grade Bad
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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
Financial reports
10-Q
2021 Q1
Quarterly report
12 Feb 21
10-K
2020 FY
Annual report
18 Dec 20
10-Q/A
2020 Q3
Quarterly report (amended)
10 Aug 20
10-Q
2020 Q3
Quarterly report
6 Aug 20
10-Q
2020 Q2
Quarterly report
4 May 20
10-Q
2020 Q1
Quarterly report
31 Jan 20
10-K
2019 FY
Annual report
11 Dec 19
10-Q
2019 Q3
Quarterly report
2 Aug 19
10-Q
2019 Q2
Quarterly report
3 May 19
10-Q
2019 Q1
Quarterly report
1 Feb 19
Current reports
8-K
Submission of Matters to a Vote of Security Holders
12 Mar 21
8-K
Gencor Releases First Quarter Fiscal 2021 Results
12 Feb 21
8-K
Gencor Releases Fourth Quarter and Fiscal Year 2020 Results
18 Dec 20
8-K
Gencor Releases Third Quarter Fiscal 2020 Results
6 Aug 20
8-K
Gencor Industries, Inc. to Acquire Blaw-knox Paver Business from Volvo Ce
3 Aug 20
8-K
Gencor Releases Second Quarter Fiscal 2020 Results
4 May 20
8-K
Submission of Matters to a Vote of Security Holders
27 Feb 20
8-K
Gencor Releases First Quarter Fiscal 2020 Results
31 Jan 20
8-K
Gencor Releases Fourth Quarter and Fiscal Year 2019 Results
11 Dec 19
8-K
Gencor Releases Third Quarter Fiscal 2019 Results
2 Aug 19
Registration and prospectus
S-8
Registration of securities for employees
21 Aug 14
8-A12B
Registration of securities on exchange
17 Dec 07
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Apr 06
SC TO-I/A
Issuer tender offer statement (amended)
2 Dec 03
SC TO-I/A
Issuer tender offer statement (amended)
20 Nov 03
SC TO-I
Issuer tender offer statement
12 Nov 03
S-8
Registration of securities for employees
17 Aug 98
RW
Registration withdrawal request
16 Jul 98
S-3
Shelf registration
11 Jun 98
8-A12B
Registration of securities on exchange
21 Apr 96
Proxies
DEF 14A
Definitive proxy
8 Feb 21
DEF 14A
Definitive proxy
24 Jan 20
DEF 14A
Definitive proxy
5 Feb 19
DEF 14A
Definitive proxy
5 Feb 18
DEF 14A
Definitive proxy
19 Jan 17
DEF 14A
Definitive proxy
8 Feb 16
DEF 14A
Definitive proxy
10 Feb 15
DEF 14A
Definitive proxy
2 Feb 14
DEF 14A
Definitive proxy
21 Jan 13
DEF 14A
Definitive proxy
2 Feb 12
Other
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
30 May 18
SD
Conflict minerals disclosure
29 May 17
SD
Conflict minerals disclosure
26 May 16
SD
Conflict minerals disclosure
31 May 15
SD
Conflict minerals disclosure
25 Jun 14
UPLOAD
Letter from SEC
13 Jun 11
CORRESP
Correspondence with SEC
18 May 11
UPLOAD
Letter from SEC
5 May 11
Ownership
4
GENCOR INDUSTRIES / Eric E Mellen ownership change
12 Mar 21
4
GENCOR INDUSTRIES / JEANNE M LYONS ownership change
10 Mar 21
4
GENCOR INDUSTRIES / James P Sharp ownership change
8 Mar 21
4
GENCOR INDUSTRIES / James P Sharp ownership change
5 Mar 21
4
GENCOR INDUSTRIES / JEANNE M LYONS ownership change
22 Feb 21
4
GENCOR INDUSTRIES / James P Sharp ownership change
18 Feb 21
SC 13G/A
GENCOR INDUSTRIES / DIMENSIONAL FUND ADVISORS ownership change
12 Feb 21
SC 13G
GENCOR INDUSTRIES / SYSTEMATIC FINANCIAL MANAGEMENT ownership change
11 Feb 21
SC 13G
GENCOR INDUSTRIES / VANGUARD ownership change
10 Feb 21
SC 13G/A
GENCOR INDUSTRIES / ROYCE & ASSOCIATES ownership change
21 Jan 21
Reddit threads
$3T Infrastructure Bill coming into focus - where to invest to maximize returns?
22 Mar 21
Let's assume diversification is for idiots although I'm still indifferent to it. What three stocks would you invest in if you had a gun to your head?
22 Feb 21
Daily Discussion Thread - February 12th, 2021
12 Feb 21
Daily Discussion Thread - February 11th, 2021
11 Feb 21
Daily Discussion Thread - February 10th, 2021
10 Feb 21
Daily Discussion Thread - February 9th, 2021
9 Feb 21
Daily Discussion Thread - February 4th, 2021
4 Feb 21
Daily Discussion Thread - December 21st, 2020
21 Dec 20
Daily Discussion Thread - December 16th, 2020
16 Dec 20
Daily Discussion Thread - December 15th, 2020
15 Dec 20