Gencor Industries Inc
gencor.comWhat Do They Do?
Builds asphalt plants and paving machines, burners, and heat-transfer systems for highway construction, environmental, and industrial customers.
10-K for FY2025, filed Dec 9, 2025The Company designs, manufactures and sells machinery and related equipment used primarily for the production of asphalt and highway…View ↗
Combustion Systems and Industrial Incinerators. The Company manufactures combustion systems, which are large burners that can transform…View ↗
Fluid Heat Transfer Systems. The Company’s General Combustion subsidiary manufactures the Hy-Way Heat and Beverley lines of thermal fluid…View ↗
Asphalt Pavers. The Company manufactures asphalt pavers under the Blaw-Knox brand. The Blaw-Knox brand dates back to 1917 when Blaw…View ↗
The Company has one reporting segment, equipment for the highway construction industry. Based on evaluation of the criteria of ASC Topic…View ↗
How Do They Make Money?
Contract customers pay for custom equipment as work progresses; other equipment and parts are paid for before shipment, while service is paid for as it is completed. Freight charges are collected at shipment.
10-K for FY2025, filed Dec 9, 2025Revenues from contracts with customers for the design, manufacture and sale of custom equipment are recognized over time when the…View ↗
Revenues from all other contracts for the design and manufacture of equipment, for service and for parts sales, net of any discounts and…View ↗
Payment for equipment under contract with customers is typically due prior to shipment. Payment for services under contract with customers…View ↗
The Company records revenues earned for shipping and handling as freight revenue at the time of shipment, regardless of whether or not it…View ↗
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10-K for FY2025, filed Dec 9, 2025
FY2025 revenue by product or service ↗
$115.4M
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10-K for FY2025, filed Dec 9, 2025
$115.4M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Parts and Component Sales
Sold outright
10-K for FY2025, filed Dec 9, 2025 |
23%
FY2022: 23%
|
Parts and Component Sales, FY2025
$27M Sources
|
Sold outright |
|
Freight Revenue
Sold outright
|
4.8%
FY2022: 4.6%
|
Freight Revenue, FY2025
$5.6M Sources
|
Sold outright |
|
Other
Sold outright
|
1.0%
FY2022: 0.4%
|
Other, FY2025
$1.1M Sources
|
Sold outright |
Who Are Their Customers?
Highway construction companies buy asphalt plants, paving machines and related equipment through company sales representatives and independent dealers. The company also sells equipment for environmental and petrochemical uses.
10-K for FY2025, filed Dec 9, 2025Gencor Industries, Inc. and its subsidiaries (the “Company,” “Gencor,” “we,” “us” or “our”) is a leading manufacturer of heavy machinery…View ↗
The Company designs, manufactures and sells machinery and related equipment used primarily for the production of asphalt and highway…View ↗
Fluid Heat Transfer Systems. The Company’s General Combustion subsidiary manufactures the Hy-Way Heat and Beverley lines of thermal fluid…View ↗
The Company’s products and services are marketed through Company-employed sales representatives and independent dealers.View ↗
Do Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2025 and turned 1 cent into free cash flow.
10-K for FY2025, filed Dec 9, 2025
$14MView ↗
10-K for FY2025, filed Dec 9, 2025
$15.7MView ↗
10-K for FY2025, filed Dec 9, 2025
$1.1MView ↗
How Are They Changing?
10-Q for Q3 FY2026, filed Aug 10, 2026
Open tableView ↗
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Jun 17, 2026
Gencor regained compliance with NYSE American listing standards.
After filing its delayed quarterly report, the company was removed from the late filers’ list.
Sources
8-K, filed Jun 17, 2026
On June 12, 2026 the Company filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 which was within to the…View ↗
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May 20, 2026
The CFO announced plans to retire.
Eric Mellen said he would retire effective June 10, 2026; Gencor began searching for a successor.
Sources
8-K, filed May 20, 2026
On May 14, 2026, Eric Mellen, who serves as Chief Financial Officer and Treasurer of Gencor Industries, Inc. (the “Company”), provided…View ↗
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May 7, 2026
Marc Elliott may have acquired indirect control of Gencor.
A transfer of ownership interests made him manager of the partnership that holds company shares.
Sources
8-K, filed May 7, 2026
On May 1, 2026 (the “Change in Control Date”), a change in control of Gencor Industries, Inc. (the “Company”) may be deemed to have…View ↗
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Jan 28, 2026
Gencor replaced its independent auditor.
The board dismissed Berkowitz Pollack Brant and appointed Carr, Riggs & Ingram as its independent accounting firm.
Sources
8-K, filed Jan 28, 2026
Gencor Industries, Inc., (the “Company”) was notified that Carr, Riggs & Ingram, L.L.C. (“CRI”) acquired, effective as of January 1, 2026…View ↗
Growing. Revenue grew 35% in 4 years, from $85.3M in FY2021 to $115.4M in FY2025, about 8% a year.
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