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Gencor Industries, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of heavy machinery used in the production of highway construction materials and environmental control equipment. The company offers hot-mix asphalt plants, hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components, as well as counter flow drum mix technology and batch plants. It also provides combustion systems for rotary dryers, kilns, fume and liquid incinerators, and fuel heaters; Hy-Way Heat and beverley lines of thermal fluid heat transfer systems, and specialty storage tanks; and asphalt pavers under the Blaw-Knox brand. In addition, the company services and sells spare parts for its equipment. It sells its products primarily to the highway construction industry through its sales representatives, and independent dealers and agents worldwide. The company was formerly known as Mechtron International Corporation and changed its name to Gencor Industries, Inc. in 1987. Gencor Industries, Inc. is based in Orlando, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $115M | $16M | $16M | $1M | 7.4% | 2.0% | 7.6% |
| 2024 | $113M | $16M | $15M | $8M | 7.4% | 7.7% | -0.7% |
| 2023 | $105M | $16M | $15M | $7M | 8.1% | 1.5% | - |
| 2022 | $103M | $7M | $-0M | $-14M | -0.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 103.48 | 105.08 | 113.17 | 115.44 |
| Cost Of Revenue | 82.94 | 76.04 | 81.84 | 83.72 |
| Gross Profit | 20.54 | 29.04 | 31.33 | 31.71 |
| Operating Expense | 16.38 | 15.61 | 17.64 | 17.70 |
| Operating Income | 4.17 | 13.43 | 13.69 | 14.02 |
| EBITDA | 6.99 | 16.26 | 16.29 | 16.37 |
| EBIT | 4.17 | 13.43 | 13.69 | 14.02 |
| Pretax Income | -1.69 | 18.78 | 20.73 | 20.20 |
| Tax Provision | -1.32 | 4.11 | 6.17 | 4.54 |
| Net Income | -0.37 | 14.67 | 14.56 | 15.66 |
| Net Income Common Stockholders | -0.37 | 14.67 | 14.56 | 15.66 |
| Total Expenses | 99.31 | 91.65 | 99.48 | 101.42 |
| Interest Income | 1.30 | 2.11 | 3.44 | 4.37 |
| Research And Development | 4.33 | 3.46 | 3.31 | 2.76 |
| Selling General And Administration | 12.05 | 12.15 | 14.33 | 14.94 |
| Normalized EBITDA | 14 | 13.02 | 12.67 | 14.57 |
| Normalized Income | 5.17 | 12.13 | 12.02 | 14.27 |
| Basic EPS | -0.03 | 1 | 0.99 | 1.07 |
| Diluted EPS | -0.03 | 1 | 0.99 | 1.07 |
| Tax Effect Of Unusual Items | -1.47 | 0.71 | 1.08 | 0.41 |
| Tax Rate For Calcs | 0.21 | 0.22 | 0.30 | 0.23 |
| Total Unusual Items | -7.01 | 3.24 | 3.62 | 1.80 |
| Total Unusual Items Excluding Goodwill | -7.01 | 3.24 | 3.62 | 1.80 |
| Net Income From Continuing Operation Net Minority Interest | -0.37 | 14.67 | 14.56 | 15.66 |
| Reconciled Depreciation | 2.82 | 2.83 | 2.60 | 2.36 |
| Reconciled Cost Of Revenue | 82.94 | 76.04 | 81.84 | 83.72 |
| Net Interest Income | 1.30 | 2.11 | 3.44 | 4.37 |
| Net Income From Continuing And Discontinued Operation | -0.37 | 14.67 | 14.56 | 15.66 |
| Total Operating Income As Reported | 4.17 | 13.43 | 13.69 | 14.02 |
| Diluted Average Shares | 12.40 | 14.66 | 14.71 | 14.64 |
| Basic Average Shares | 12.40 | 14.66 | 14.71 | 14.64 |
| Diluted NI Availto Com Stockholders | -0.37 | 14.67 | 14.56 | 15.66 |
| Net Income Including Noncontrolling Interests | -0.37 | 14.67 | 14.56 | 15.66 |
| Net Income Continuous Operations | -0.37 | 14.67 | 14.56 | 15.66 |
| Other Income Expense | -7.17 | 3.24 | 3.61 | 1.81 |
| Other Non Operating Income Expenses | -0.16 | 0 | -0.01 | 0.01 |
| Gain On Sale Of Security | -7.01 | 3.24 | 3.62 | 1.80 |
| Net Non Operating Interest Income Expense | 1.30 | 2.11 | 3.44 | 4.37 |
| Interest Income Non Operating | 1.30 | 2.11 | 3.44 | 4.37 |
| Operating Revenue | 103.03 | 104.25 | 112.21 | 114.30 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Gencor Industries, Inc.this co. | GENC | $212M | 13.91 | 0.99 | 7.4% | 4.37 |
| AIRO Group Holdings, Inc. | AIRO | $236M | - | 0.32 | -0.6% | -10.00 |
| RCM Technologies, Inc. | RCMT | $233M | 14.67 | 5.02 | 35.5% | 9.20 |
| Perma-Fix Environmental Services, Inc. | PESI | $227M | - | 4.52 | -27.5% | -22.03 |
| AirJoule Technologies Corporation | AIRJ | $206M |
| - |
| 0.69 |
| -3.4% |
| -13.58 |
| Xerox Holdings Corporation | XRX | $205M | - | 0.45 | -152.9% | 15.41 |
| PAMT CORP | PAMT | $204M | - | 0.97 | -25.0% | 122.57 |
| SEACOR Marine Holdings Inc. | SMHI | $202M | - | 0.76 | -10.5% | -178.26 |
| Proficient Auto Logistics, Inc. | PAL | $199M | - | 0.64 | -11.6% | 8.63 |
| Peer Median | - | 14.67 | 0.72 | -11.0% | -0.69 | |