Filing Flows › Gencor Industries (GENC) › Q4 FY24
Gencor Industries (GENC) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jun 27, 2025
Gencor Industries (GENC) reported revenue of $20.9M for the fourth quarter fiscal 2024 (Q4 FY24), +0.2% from a year earlier and -18% from the quarter before. Operating margin was 5.9%, net earnings $1.5M (6.9% of revenue).
Gencor Industries, Q4 FY24: revenue $20.9M (+0.2% year over year), operating margin 5.9%, net earnings $1.5M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.9M | -18% | +0.2% |
| Gross profit | $5.4M | -12% | -19% |
| Operating profit | $1.2M | -38% | -54% |
| Net earnings | $1.5M | -43% | -53% |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $20.9M in Q4 FY24, roughly flat year over year and down 18% from the previous quarter.
Gross margin was 25.6%, down 6.0 points from a year earlier. Operating profit was $1.2M, a 5.9% margin (down 7.0 points year over year). Operating profit fell $1.5M even though revenue rose $50K versus a year earlier, so costs grew faster than sales. Operating expenses grew 5% against flat revenue. Net earnings were $1.5M, down 53% year over year. The effective tax rate was 60.9%. Non-operating items added $2.5M, 67% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.2M. Non-cash charges added back $631K of depreciation and amortization. Working capital and other items used $5.3M. Capital expenditures of $77K exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Gencor Industries' revenue in the fourth quarter fiscal 2024?
Gencor Industries (GENC) reported revenue of $20.9M for the fourth quarter fiscal 2024 (Q4 FY24), +0.2% from a year earlier and -18% from the quarter before.
Was Gencor Industries profitable in the fourth quarter fiscal 2024?
Operating profit was $1.2M (5.9% of revenue) and net earnings $1.5M.
Source: Gencor Industries 10-K on SEC EDGAR.