Gencor Releases Second Quarter Fiscal 2026 Results

Gencor Industries reported Q2 FY2026 net revenue of $33.8M, down 11.5% year-over-year, primarily due to timing of orders and shipments. Despite lower revenue, gross profit margins improved 200 basis points to 31.7%. Net income declined 37% to $3.8M due to significantly higher trade show expenses ($3.5M vs $345K prior year). However, the company's backlog more than doubled to $60.5M, positioning it well for future quarters.