GENCOR INDUSTRIES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $115.4M | $113.2M | $105.1M | $103.5M | $85.3M | $77.4M | $81.3M | $98.6M |
| Cost of Revenue | $83.7M | $81.8M | $76.0M | $82.9M | $67.1M | $58.5M | $58.9M | $71.8M |
| Gross Profit | $31.7M | $31.3M | $29.0M | $20.5M | $18.2M | $19.0M | $22.4M | $26.8M |
| Gross Margin | 27.5% | 27.7% | 27.6% | 19.9% | 21.3% | 24.5% | 27.6% | 27.2% |
| Operating Expenses | ||||||||
| Research & Development | $2.8M | $3.3M | $3.5M | $4.3M | $4.3M | $3.1M | $3.3M | $2.9M |
| SG&A Expense | $14.9M | $14.3M | $12.2M | $12.1M | $13.2M | $10.4M | $9.6M | $10.0M |
| Operating Income | $14.0M | $13.7M | $13.4M | $4.2M | $701.0K | $5.5M | $9.5M | $13.9M |
| Operating Margin | 12.1% | 12.1% | 12.8% | 4.0% | 0.8% | 7.2% | 11.6% | 14.1% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $20.2M | $20.7M | $18.8M | $-1.7M | $6.6M | $6.7M | $12.8M | $15.1M |
| Income Tax Expense | $4.5M | $6.2M | $4.1M | $-1.3M | $829.0K | $1.2M | $2.6M | $2.4M |
| Net Income | $15.7M | $14.6M | $14.7M | $-372.0K | $5.8M | $5.5M | $10.2M | $12.7M |
| Net Margin | 13.6% | 12.9% | 14.0% | -0.4% | 6.8% | 7.1% | 12.5% | 12.9% |
| EPS (Basic) | $1.07 | $0.99 | $1.00 | $-0.03 | $0.40 | $0.38 | $0.70 | $0.88 |
| EPS (Diluted) | $1.07 | $0.99 | $1.00 | $-0.03 | $0.39 | $0.38 | $0.69 | $0.86 |
| Shares Outstanding (Basic) | — | — | 14.7M | 14.7M | 14.6M | 14.6M | 14.6M | 14.5M |
| Shares Outstanding (Diluted) | — | — | 14.7M | 14.7M | 14.7M | 14.7M | 14.7M | 14.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |