This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Gencor Releases Fiscal Year And Fourth Quarter 2012 Results

ORLANDO, Fla., Dec. 14, 2012 (GLOBE NEWSWIRE) -- Gencor Industries, Inc., (Nasdaq:GENC) announced today net revenue for the year ended September 30, 2012 was $63.2 million compared to $59.7 million for the year ended September 30, 2011, a 5.8% increase. Gross margin as a percentage of net revenue increased to 19.0% for the year ended September 30, 2012 from 15.8% for the year ended September 30, 2011. Operating income for the year ended September 30, 2012 was $0.4 million compared to an operating loss of $(1.7) million for the year ended September 30, 2011.

The Company had non-operating, net investment income of $6.5 million for the year ended September 30, 2012 compared to a non-operating, net investment loss of $(0.8) million for the year ended September 30, 2011. The Company's net income was $4.5 million ($.47 per basic and diluted share) for the year ended September 30, 2012, compared to net income of $0.2 million ($.02 per basic and diluted share) for the year ended September 30, 2011.

Net revenue for the quarter ended September 30, 2012 was $14.0 million compared to $12.2 million for the quarter ended September 30, 2011, a 15.0% increase. The loss from operations for the quarter ended September 30, 2012 and 2011 was $(1.4) million. The net loss for the quarter ended September 30, 2012 was $(0.4) million (a negative $(.04) per basic and diluted share) compared to a net loss of $(4.4) million (a negative $(.46) per basic and diluted share) for the quarter ended September 30, 2011.

At September 30, 2012 the Company had $84.7 million in cash and marketable securities, an increase of $10.5 million over the September 30, 2011 balance of $74.2 million. Net working capital was $96.2 million at September 30, 2012. The Company had no short or long term debt.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs