Filing Flows › Gencor Industries (GENC) › Q1 FY26
Gencor Industries (GENC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 6, 2026
Gencor Industries (GENC) reported revenue of $23.6M for the first quarter fiscal 2026 (Q1 FY26), -25% from a year earlier and +25% from the quarter before. Operating margin was 13.2%, net earnings $3.4M (14.6% of revenue).
Gencor Industries, Q1 FY26: revenue $23.6M (-25% year over year), operating margin 13.2%, net earnings $3.4M, operating cash flow $11.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.6M | +25% | -25% |
| Gross profit | $6.8M | +48% | -22% |
| Operating profit | $3.1M | — | -33% |
| Net earnings | $3.4M | +79% | -10% |
| Operating cash flow | $11.1M | — | -25% |
| Free cash flow | $10.1M | — | -30% |
What changed
Revenue was $23.6M in Q1 FY26, down 25% year over year and up 25% from the previous quarter.
Gross margin was 28.7%, up 1.1 points from a year earlier. Operating profit was $3.1M, a 13.2% margin (down 1.6 points year over year). Operating expenses fell 10% while revenue fell 25%. The fastest-growing cost line was Research & development (+12%). Net earnings were $3.4M, down 10% year over year. The effective tax rate was 26.0%. Non-operating items added $1.6M, 33% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $11.1M (down 25% year over year), 323% of net earnings. Non-cash charges added back $542K of depreciation and amortization. Working capital and other items added $7.1M. Capital expenditures of $1.0M left free cash flow of $10.1M.
Questions
What was Gencor Industries' revenue in the first quarter fiscal 2026?
Gencor Industries (GENC) reported revenue of $23.6M for the first quarter fiscal 2026 (Q1 FY26), -25% from a year earlier and +25% from the quarter before.
Was Gencor Industries profitable in the first quarter fiscal 2026?
Operating profit was $3.1M (13.2% of revenue) and net earnings $3.4M.
Source: Gencor Industries 10-Q on SEC EDGAR.