Gencor Industries Announces EJ Elliott Retirement, Marc Elliott to Become Chairman
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
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Should l Buy GENC?
Gencor Industries announced the retirement of EJ Elliott, who serves as the Executive Chairman of the Company's Board of Directors, effective December 31, 2025. In connection with EJ Elliott's retirement, the Board of Directors has appointed Marc Elliott to serve as Gencor's Chairman effective January 1, 2026. Marc Elliott has served on Gencor's Board of Directors since 2007 and currently serves as Gencor's President.
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Analyst Views on GENC
About GENC
Gencor Industries, Inc. is a diversified heavy machinery manufacturer for the production of highway construction materials and equipment and environmental control machinery and equipment used in a variety of applications. The Company's products include asphalt pavers, hot mix asphalt plants, combustion systems and fluid heat transfer systems. The Company also manufactures related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins and other plant components. Its Hetherington and Berner (H&B) product line is an asphalt plant line. It manufactures combustion systems, which are large burners that can transform solid, liquid or gaseous fuels into usable energy, or burn multiple fuels, alternately or simultaneously. The Company manufactures asphalt pavers under the Blaw-Knox brand. It manufactures the Hy-Way Heat and Beverley lines of thermal fluid heat transfer systems and specialty storage tanks for various industry uses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Gencor Reports Q1 Earnings with EPS of $0.23
- Earnings Highlights: Gencor's Q1 GAAP EPS stands at $0.23, indicating stable profitability despite market challenges, which may reassure investors about the company's financial health.
- Revenue Performance: The company reported revenues of $23.57 million for the first quarter, demonstrating strong sales capabilities in the current economic environment and reflecting sustained demand for its products.
- Rating Maintenance: As Gencor approaches its Q4 earnings release, analysts maintain a 'Buy' rating, suggesting confidence in the company's future performance, which could attract more investor interest.
- Historical Data Support: Historical financial data for Gencor shows a consistent trend in profitability and revenue growth over recent quarters, providing a solid reference point for investors considering the company's long-term prospects.
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Gencor Industries' EJ Elliott Retires as Chairman, Marc Elliott to Succeed
- Leadership Transition: Gencor Industries announced the retirement of founder EJ Elliott effective December 31, 2025, marking a significant change in the company's leadership after his tenure as Chairman since 1968.
- Succession Plan: Marc Elliott will assume the role of Chairman on January 1, 2026, having served on the Board since 2007 and currently as President, ensuring continuity in leadership during this transition.
- Company Overview: Gencor is a leading manufacturer of heavy machinery focused on highway construction and environmental control equipment, and this leadership change may impact the company's strategic direction and market performance.
- Forward-Looking Statements: The company cautioned that future operating results could be affected by various factors, including customer financial conditions and economic changes, urging investors to be aware of potential risks.
See More
Gencor Reports 10% Decline in Q4 Net Revenue to $18.8 Million
- Revenue Decline: Gencor's net revenue for Q4 FY2025 was $18.8 million, down 10% from $20.9 million in Q4 FY2024, reflecting increased market competition and softening demand.
- Gross Margin Drop: The gross profit margin for Q4 FY2025 was 24.2%, down from 25.6% in FY2024, primarily due to reduced manufacturing overhead absorption, which pressured overall profitability.
- Operating Loss: The company reported an operating loss of $0.2 million in Q4, compared to an operating income of $1.2 million in the same quarter of FY2024, indicating pressures from rising costs and increased selling, general, and administrative expenses.
- Net Income Growth: Despite the poor performance in Q4, Gencor achieved a net income of $15.7 million for FY2025, a 7.6% increase from $14.6 million in FY2024, demonstrating resilience in overall operations.
See More
Gencor Reports 10% Decline in Q4 Net Revenue to $18.8 Million
- Revenue Decline: Gencor reported net revenue of $18.8 million for Q4 ended September 30, 2025, a 10% decrease from $20.9 million in Q4 2024, reflecting increased market competition and softening demand.
- Gross Margin Erosion: The gross profit margin for Q4 2025 was 24.2%, down from 25.6% in Q4 2024, primarily due to reduced manufacturing overhead absorption, which pressured overall profitability.
- Operating Loss: The company experienced an operating loss of $0.2 million in Q4, compared to an operating income of $1.2 million in the same quarter of 2024, indicating challenges in cost and expense management.
- Net Income Growth: Despite the poor Q4 performance, Gencor achieved a net income of $15.7 million for the year, up 7.2% from $14.6 million in 2024, with earnings per share increasing from $0.99 to $1.07, demonstrating resilience in overall operations.
See More
Gencor Industries Inc. Sees Year-End Profit Growth
Earnings Growth: Gencor Industries Inc. reported a profit of $15.66 million for the full year, an increase from $14.56 million the previous year.
Earnings Per Share: The earnings per share (EPS) rose to $1.07, up from $0.99 in the prior year.
Revenue Increase: The company's revenue grew by 2.0%, reaching $115.44 million compared to $113.17 million last year.
Financial Summary: Key financial figures include earnings of $15.66 million, EPS of $1.07, and revenue of $115.44 million, all showing positive growth year-over-year.
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Validea Motley Fool Strategy Daily Upgrade Report - 8/13/2025
Gambling.com Group Ltd Overview: The stock rating for Gambling.com Group Ltd (GAMB) improved from 49% to 76%, indicating strong fundamentals and valuation in the online gambling industry, where it operates over 50 websites providing digital marketing services.
Gencor Industries Inc Overview: Gencor Industries Inc (GENC) saw its rating rise from 83% to 91%, reflecting solid fundamentals and valuation in the construction and agricultural machinery sector, manufacturing equipment for highway construction and environmental control.
See More
Gencor Reports Q1 Earnings with EPS of $0.23
- Earnings Highlights: Gencor's Q1 GAAP EPS stands at $0.23, indicating stable profitability despite market challenges, which may reassure investors about the company's financial health.
- Revenue Performance: The company reported revenues of $23.57 million for the first quarter, demonstrating strong sales capabilities in the current economic environment and reflecting sustained demand for its products.
- Rating Maintenance: As Gencor approaches its Q4 earnings release, analysts maintain a 'Buy' rating, suggesting confidence in the company's future performance, which could attract more investor interest.
- Historical Data Support: Historical financial data for Gencor shows a consistent trend in profitability and revenue growth over recent quarters, providing a solid reference point for investors considering the company's long-term prospects.
See More
Gencor Industries' EJ Elliott Retires as Chairman, Marc Elliott to Succeed
- Leadership Transition: Gencor Industries announced the retirement of founder EJ Elliott effective December 31, 2025, marking a significant change in the company's leadership after his tenure as Chairman since 1968.
- Succession Plan: Marc Elliott will assume the role of Chairman on January 1, 2026, having served on the Board since 2007 and currently as President, ensuring continuity in leadership during this transition.
- Company Overview: Gencor is a leading manufacturer of heavy machinery focused on highway construction and environmental control equipment, and this leadership change may impact the company's strategic direction and market performance.
- Forward-Looking Statements: The company cautioned that future operating results could be affected by various factors, including customer financial conditions and economic changes, urging investors to be aware of potential risks.
See More
Gencor Reports 10% Decline in Q4 Net Revenue to $18.8 Million
- Revenue Decline: Gencor's net revenue for Q4 FY2025 was $18.8 million, down 10% from $20.9 million in Q4 FY2024, reflecting increased market competition and softening demand.
- Gross Margin Drop: The gross profit margin for Q4 FY2025 was 24.2%, down from 25.6% in FY2024, primarily due to reduced manufacturing overhead absorption, which pressured overall profitability.
- Operating Loss: The company reported an operating loss of $0.2 million in Q4, compared to an operating income of $1.2 million in the same quarter of FY2024, indicating pressures from rising costs and increased selling, general, and administrative expenses.
- Net Income Growth: Despite the poor performance in Q4, Gencor achieved a net income of $15.7 million for FY2025, a 7.6% increase from $14.6 million in FY2024, demonstrating resilience in overall operations.
See More
Gencor Reports 10% Decline in Q4 Net Revenue to $18.8 Million
- Revenue Decline: Gencor reported net revenue of $18.8 million for Q4 ended September 30, 2025, a 10% decrease from $20.9 million in Q4 2024, reflecting increased market competition and softening demand.
- Gross Margin Erosion: The gross profit margin for Q4 2025 was 24.2%, down from 25.6% in Q4 2024, primarily due to reduced manufacturing overhead absorption, which pressured overall profitability.
- Operating Loss: The company experienced an operating loss of $0.2 million in Q4, compared to an operating income of $1.2 million in the same quarter of 2024, indicating challenges in cost and expense management.
- Net Income Growth: Despite the poor Q4 performance, Gencor achieved a net income of $15.7 million for the year, up 7.2% from $14.6 million in 2024, with earnings per share increasing from $0.99 to $1.07, demonstrating resilience in overall operations.
See More
Gencor Industries Inc. Sees Year-End Profit Growth
Earnings Growth: Gencor Industries Inc. reported a profit of $15.66 million for the full year, an increase from $14.56 million the previous year.
Earnings Per Share: The earnings per share (EPS) rose to $1.07, up from $0.99 in the prior year.
Revenue Increase: The company's revenue grew by 2.0%, reaching $115.44 million compared to $113.17 million last year.
Financial Summary: Key financial figures include earnings of $15.66 million, EPS of $1.07, and revenue of $115.44 million, all showing positive growth year-over-year.
See More
Validea Motley Fool Strategy Daily Upgrade Report - 8/13/2025
Gambling.com Group Ltd Overview: The stock rating for Gambling.com Group Ltd (GAMB) improved from 49% to 76%, indicating strong fundamentals and valuation in the online gambling industry, where it operates over 50 websites providing digital marketing services.
Gencor Industries Inc Overview: Gencor Industries Inc (GENC) saw its rating rise from 83% to 91%, reflecting solid fundamentals and valuation in the construction and agricultural machinery sector, manufacturing equipment for highway construction and environmental control.
See More
