Gencor Q2 net income falls 37% to $3.8 million on higher trade show costs
Gencor reported second-quarter fiscal 2026 net revenue of $33.8 million, down from $38.2 million a year earlier, and net income of $3.8 million, or $0.26 per share, down 37.0% from $6.1 million, or $0.42 per share. The company attributed the decline mainly to $3.5 million of trade show expenses, compared with $345,000 a year earlier, and to lower contract equipment revenue from the timing of orders and shipments.
Key points
- Net revenue for the quarter ended March 31, 2026 was $33.8 million, versus $38.2 million a year earlier.
- Operating income fell 34.6% to $4.2 million, and operating margin was 12.5% versus 17.0%.
- Gross profit margin rose 200 basis points to 31.7%, while backlog reached $60.5 million at March 31, 2026, versus $27.8 million a year earlier.
- At March 31, 2026, Gencor had $155.1 million in cash, cash equivalents and marketable securities and no short-term or long-term debt.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.