Gencor Industries reports Q4 EPS 99c vs $1.00 last year

Reports Q4 revenue $113M vs $105M last year. Marc Elliott, Gencor’s President, stated, “Our fourth quarter revenues remained solid and in step with our prior year although we experienced some softening of margins late in the year as a result of a more competitive marketplace, especially in aftermarket sales. Our 7.7% year-over-year revenue growth reflected our upward trajectory and solid path forward as we continued to reap the benefits of the IIJA infrastructure funding. Our strong backlog going into fiscal 2025 will carry us well into the first half of the year as demand for our products remains steady. Looking forward we remain optimistic for fiscal 2025 as we continue to focus on our mission of market growth while delivering high quality products and services to our customers.”