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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% | -4042.5% |
| 2022 | $103M | $7M | $-0M | $-14M | -0.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 103.48 | 105.08 | 113.17 | 115.44 |
| Operating Revenue | - | 103.04 | 104.25 | 112.21 | 114.30 |
| 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 |
| Research And Development | - | 4.32 | 3.46 | 3.31 | 2.76 |
| Selling General And Administration | - | 12.05 | 12.15 | 14.33 | 14.94 |
| Total Expenses | - | 99.31 | 91.65 | 99.48 | 101.42 |
| Operating Income | - | 4.17 | 13.42 | 13.69 | 14.02 |
| Total Operating Income As Reported | - | 4.17 | 13.42 | 13.69 | 14.02 |
| EBITDA | - | 6.99 | 16.26 | 16.29 | 16.37 |
| Normalized EBITDA | - | 14 | 13.02 | 12.67 | 14.57 |
| EBIT | - | 4.17 | 13.42 | 13.69 | 14.02 |
| Interest Income | - | 1.30 | 2.11 | 3.44 | 4.37 |
| Net Interest Income | - | 1.30 | 2.11 | 3.44 | 4.37 |
| Other Non Operating Income Expenses | - | -0.16 | - | -0.01 | 0.01 |
| Other Income Expense | - | -7.16 | 3.24 | 3.61 | 1.81 |
| Interest Income Non Operating | - | 1.30 | 2.11 | 3.44 | 4.37 |
| Net Non Operating Interest Income Expense | - | 1.30 | 2.11 | 3.44 | 4.37 |
| Pretax Income | - | -1.69 | 18.78 | 20.73 | 20.20 |
| Tax Provision | - | -1.32 | 4.11 | 6.17 | 4.54 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.47 | 0.71 | 1.08 | 0.40 |
| Net Income Continuous Operations | - | -0.37 | 14.67 | 14.56 | 15.66 |
| Net Income From Continuing And Discontinued Operation | - | -0.37 | 14.67 | 14.56 | 15.66 |
| Net Income From Continuing Operation Net Minority Interest | - | -0.37 | 14.67 | 14.56 | 15.66 |
| Net Income | - | -0.37 | 14.67 | 14.56 | 15.66 |
| Net Income Common Stockholders | - | -0.37 | 14.67 | 14.56 | 15.66 |
| Net Income Including Noncontrolling Interests | - | -0.37 | 14.67 | 14.56 | 15.66 |
| Normalized Income | - | 5.17 | 12.13 | 12.02 | 14.27 |
| Diluted NI Availto Com Stockholders | - | -0.37 | 14.67 | 14.56 | 15.66 |
| Basic Average Shares | - | 12.40 | 14.66 | 14.71 | 14.64 |
| Diluted Average Shares | - | 12.40 | 14.66 | 14.71 | 14.64 |
| Reconciled Depreciation | - | 2.82 | 2.83 | 2.60 | 2.36 |
| Reconciled Cost Of Revenue | - | 82.94 | 76.04 | 81.84 | 83.72 |
| Total Unusual Items | - | -7.01 | 3.24 | 3.62 | 1.80 |
| Total Unusual Items Excluding Goodwill | - | -7.01 | 3.24 | 3.62 | 1.80 |
| Gain On Sale Of Security | - | -7.01 | 3.24 | 3.62 | 1.80 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Gencor Industries, Inc.this co. | GENC | $217M | 13.88 | 1.03 | 7.4% | 4.97 |
| Outdoor Holding Company | POWW | $236M | -1.80 | 1.06 | -58.9% | -4.57 |
| EVI Industries, Inc. | EVI | $229M | 30.60 | 1.60 | 5.2% | 13.95 |
| Alta Equipment Group Inc. | ALTG | $226M | -2.81 | -25.66 | 912.5% | 8.40 |
| Perma-Fix Environmental Services, Inc. | PESI | $217M |
| - |
| - |
| - |
| - |
| - |
| -15.75 |
| 4.33 |
| -27.5% |
| -24.16 |
| TrueBlue, Inc. | TBI | $209M | - | 0.76 | -17.5% | 394.69 |
| SEACOR Marine Holdings Inc. | SMHI | $203M | -7.30 | 0.77 | -10.5% | 7.34 |
| Mammoth Energy Services, Inc. | TUSK | $185M | 40.24 | 0.72 | 1.8% | -4.84 |
| Proficient Auto Logistics, Inc. | PAL | $180M | -5.00 | 0.58 | -11.6% | 95.31 |
| Peer Median | - | -2.81 | 0.76 | -11.1% | 7.87 | |