-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gjx/CfTvwy20iSV/MFHrARFSyyU0liYoI/Olgd5XsQnCwjhmjZeivksdYBRMcLTS kU1fh9x6G9PnfgY8KNdmkQ== 0001193125-10-033282.txt : 20100217 0001193125-10-033282.hdr.sgml : 20100217 20100217165335 ACCESSION NUMBER: 0001193125-10-033282 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100216 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100217 DATE AS OF CHANGE: 20100217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENCOR INDUSTRIES INC CENTRAL INDEX KEY: 0000064472 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] IRS NUMBER: 590933147 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11703 FILM NUMBER: 10613436 BUSINESS ADDRESS: STREET 1: 5201 N ORANGE BLOSSOM TRAIL CITY: ORLANDO STATE: FL ZIP: 32810 BUSINESS PHONE: 4072906000 MAIL ADDRESS: STREET 1: 5201 N ORANGE BLOSSOM CITY: ORLANDO STATE: FL ZIP: 32810 FORMER COMPANY: FORMER CONFORMED NAME: MECHTRON INTERNATIONAL CORP DATE OF NAME CHANGE: 19880128 FORMER COMPANY: FORMER CONFORMED NAME: MECHTRON GENCO CORP DATE OF NAME CHANGE: 19720411 FORMER COMPANY: FORMER CONFORMED NAME: MECHTRON CORP DATE OF NAME CHANGE: 19690909 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report: February 16, 2010

(Date of earliest event reported)

 

 

GENCOR INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

 

 

5201 North Orange Blossom Trail, Orlando, Florida 32810

(Address of principal executive offices) (Zip Code)

(407) 290-6000

(Registrant’s telephone number, including area code)

 

Delaware   001-11703   59-0933147

(State or other jurisdiction of

incorporated or organization)

 

Commission

File Number

 

(I.R.S. Employer

Identification No.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 2.02. Results of Operations and Financial Condition.

On February 16, 2010, Gencor Industries, Inc. issued a press release announcing its financial results for the first quarter of fiscal 2010. A copy of the press release is attached as Exhibit 99.1.

The information in this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Earnings Release dated February 16, 2010


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  GENCOR INDUSTRIES, INC.
February 17, 2010   By:  

/s/ E.J. Elliott

    E.J. Elliott, Chairman and Chief Executive Officer
February 17, 2010   By:  

/s/ L. Ray Adams

    L. Ray Adams, Chief Financial Officer


Index To Exhibits

 

Exhibits No.

  

Description

99.1

   Earnings Release date February 16, 2010
EX-99.1 2 dex991.htm EARNINGS RELEASE Earnings Release

Exhibit 99.1

FOR IMMEDIATE RELEASE:

GENCOR RELEASES FIRST QUARTER FISCAL 2010 RESULTS

February 16, 2010 (PRIME NEWSWIRE) - Gencor Industries, Inc., (Nasdaq:GENC) announced net revenue for the quarter ended December 31, 2009 was $11.1 million compared to $19.3 million for the quarter ended December 31, 2008. Operating loss for the quarter ended December 31, 2009 was $1.4 million compared to $1.4 million of operating income for the first quarter of the prior fiscal year.

The Company had non-operating income of $1 million (including net investment income of $.8 million) for the three months ended December 31, 2009 compared to a non-operating loss of $1.9 million (including a net investment loss of $1.9 million) in the first three months of the prior fiscal year. As a result, the Company had a net loss of $.2 million (a negative $.02 per diluted share) for the quarter ended December 31, 2009, compared to a net loss of $.3 million (a negative $.03 per diluted share) for the quarter ended December 31, 2008.

At December 31, 2009 the Company had $65.2 million of cash and marketable securities an increase of $4 million over the September 30, 2009 amount. Net working capital was $88.4 million at December 31, 2009. The Company has no short or long term debt.

E. J. Elliott, Gencor’s Chairman, stated, “While our sales showed some improvement over last quarter, the decrease in revenues for the quarter ended December 31, 2009 compared to the prior year is an indication that the road building industry continues to languish under the current economic conditions and the lack of funding from the much publicized infrastructure rebuilding money. While we expect to see an increase in revenue and improved financial results in our fiscal second quarter, longer term we remain uncertain as to the state of the overall economy and what impact the various governmental stimulus programs will have on our financial performance.”

Mr. Elliott went on to say, “In response to our current outlook, we have a taken steps to right-size our cost structure, and have taken other actions to preserve our strong balance sheet. Longer term, we believe our strategy of continuing to invest heavily in product engineering and development, and our focus on delivering a high quality product and superior service will strengthen our market position. We feel these steps will position us well for 2010 and beyond. In the meantime, aided by our strong financial position, we are exploring opportunities for organic growth, as well as attractive acquisitions which the present economic conditions inevitably create.”

Gencor Industries is a diversified heavy machinery manufacturer for the production of highway construction materials, synthetic fuels and environmental control machinery and equipment used in a variety of applications.

Caution Concerning Forward Looking Statements - This press release and our other communications and statements may contain “forward-looking statements,” including statements about our beliefs, plans, objectives, goals, expectations, estimates, projections and intentions. These statements are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. The words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “target,” “goal,” and similar expressions are intended to identify forward-looking statements. All forward-looking statements, by their nature, are subject to risks and uncertainties. Our actual future results may differ materially from those set forth in our forward-looking statements. For information concerning these factors and related matters, see our Annual Report on Form 10-K for the year ended September 30, 2009; (a) “Risk Factors” in Part I and (b) “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II. However, other factors besides those referenced could adversely affect our results, and you should not consider any such list of factors to be a complete set of all potential risks or uncertainties. Any forward-looking statements made by us herein speak as of the date of this press release. We do not undertake to update any forward-looking statement, except as required by law.

 

Contact:   

Jeanne Lyons

Corporate Secretary

407-290-6000

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