Gencor Industries shares fell 1% after reporting second-quarter fiscal 2026 results, underperforming the S&P 500's 1.8% gain. Net revenues declined 11.5% to $33.8 million, and net income dropped 36.9% to $3.8 million, or $0.26 per diluted share, partly due to a surge in trade show expenses to $3.5 million from $0.3 million a year earlier. Gross margin improved to 31.7% from 29.7%, and the company's backlog more than doubled to a record $60.5 million, supported by Infrastructure Investment and Jobs Act funding. Gencor remained debt-free with $155.1 million in cash and marketable securities, and management expects the expanded backlog to drive performance through fiscal 2027.
Gencor Industries IncQ2 earnings missed expectations with revenue and net income declining significantly.