Gencor Industries Inc (GENC) News & EventsGENCGencor Industries Inc

Gencor Industries Receives Delinquency Notification from NYSE

Gencor Industries announced that it received a filing delinquency notification from the NYSE Regulation indicating that, as a result of its failure to timely file its quarterly report on Form 10-Q for the quarter ended March 31 with the SEC by the filing due date of May 18, the company is not in compliance with NYSE American continued listing standards and is now subject to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide. The receipt of the delinquency notification has no immediate effect on the listing or trading of the company's common stock on NYSE American.

Gencor Reports Q1 Revenue of $23.577M

Reports Q1 revenue $23.577M vs $31.4M last year. Marc Elliott, Gencor's President and Chairman of the Board, commented, "Despite a first quarter decline in revenues, Gencor realized a higher gross profit margin on sales due primarily to robust aftermarket sales activity. We started our fiscal year with weaker-than-normal backlog and a government shutdown that affected customer confidence in the first quarter. In recent months, however, we have seen a pickup in order activity and more optimism from our customers on large capital purchases. Our current backlog of over $57 million suggests a solid year ahead with continued optimism."

Gencor Industries Announces EJ Elliott Retirement, Marc Elliott to Become Chairman

Gencor Industries announced the retirement of EJ Elliott, who serves as the Executive Chairman of the Company's Board of Directors, effective December 31, 2025. In connection with EJ Elliott's retirement, the Board of Directors has appointed Marc Elliott to serve as Gencor's Chairman effective January 1, 2026. Marc Elliott has served on Gencor's Board of Directors since 2007 and currently serves as Gencor's President.