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Gencor Industries Inc (GENC)



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Upturn Advisory Summary
08/14/2025: GENC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 14.07% | Avg. Invested days 57 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 225.00M USD | Price to earnings Ratio 15.51 | 1Y Target Price 19 |
Price to earnings Ratio 15.51 | 1Y Target Price 19 | ||
Volume (30-day avg) - | Beta 0.52 | 52 Weeks Range 10.80 - 24.88 | Updated Date 06/29/2025 |
52 Weeks Range 10.80 - 24.88 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.99 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 12.86% | Operating Margin (TTM) 5.92% |
Management Effectiveness
Return on Assets (TTM) 4.23% | Return on Equity (TTM) 7.71% |
Valuation
Trailing PE 15.51 | Forward PE - | Enterprise Value 109916724 | Price to Sales(TTM) 1.99 |
Enterprise Value 109916724 | Price to Sales(TTM) 1.99 | ||
Enterprise Value to Revenue 0.97 | Enterprise Value to EBITDA 6.75 | Shares Outstanding 12338800 | Shares Floating 10277541 |
Shares Outstanding 12338800 | Shares Floating 10277541 | ||
Percent Insiders 17.22 | Percent Institutions 60.92 |
Upturn AI SWOT
Gencor Industries Inc

Company Overview
History and Background
Gencor Industries Inc. was founded in 1895. Initially focused on agricultural equipment, it transitioned to asphalt production equipment and related technologies. The company has grown through innovation and strategic acquisitions, becoming a leader in the industry.
Core Business Areas
- Asphalt Production Equipment: Designs, manufactures, and sells asphalt plants, soil remediation plants, and related components. Key products include drum mix plants, batch plants, and RAP systems.
- Heat Transfer Fluid (HTF) Heaters: Designs, manufactures, and sells Heat Transfer Fluid heaters used to heat asphalt and other industrial products.
- Combustion Systems: Designs, manufactures, and sells combustion systems used in the drying and heating of aggregates and other materials.
Leadership and Structure
Marc Elliott serves as the President, Chief Executive Officer and as a Director of the Company. The organizational structure includes departments for engineering, manufacturing, sales, and finance.
Top Products and Market Share
Key Offerings
- Asphalt Plants (Drum Mix): Drum mix asphalt plants are a core offering. These plants continuously mix aggregate and asphalt binder. Gencor estimates it holds approximately 25% market share in North America. Competitors include Astec Industries, Road Machinery and Supplies Co., and Caterpillar Paving Products.
- Asphalt Plants (Batch): Batch plants produce asphalt in discrete batches, offering greater control over mix design. Gencor's market share is competitive with Astec, Stansteel, and others.
- Market Share (%): Exact market share not publicly disclosed, estimates range 15%-20%
- Heat Transfer Fluid Heaters: Used for indirectly heating materials such as asphalt or other temperature-sensitive products to avoid decomposition. Gencor competes with other manufactures that offer similar products for other heating markets.
- Market Share (%): Exact market share not publicly disclosed, estimates range 20%-25%
Market Dynamics
Industry Overview
The asphalt production equipment industry is influenced by infrastructure spending, road construction, and maintenance projects. Demand fluctuates with government funding cycles and economic conditions. Increasing focus on sustainable practices using RAP is also increasing demand for certain kinds of products.
Positioning
Gencor Industries is positioned as a leading manufacturer of asphalt production equipment, focusing on innovation and customer service.
Total Addressable Market (TAM)
The global asphalt production equipment market is estimated to be worth USD 5-7 billion. Gencor has strong presence in North America.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Established customer base
- Technological innovation
- Solid financial position
Weaknesses
- Cyclical business
- Reliance on government funding
- Geographic concentration (North America)
- Limited product diversification
Opportunities
- Expanding into emerging markets
- Developing sustainable technologies
- Acquiring complementary businesses
- Increasing aftermarket services
Threats
- Economic downturns
- Increased competition
- Fluctuations in raw material prices
- Regulatory changes
Competitors and Market Share
Key Competitors
- ATEC
- CMI
- ASTE
Competitive Landscape
Gencor has a strong reputation for quality and innovation. However, competitors like Astec Industries offer a wider range of products and services.
Growth Trajectory and Initiatives
Historical Growth: Growth has been moderate, influenced by market cycles.
Future Projections: Analyst estimates suggest moderate growth in the coming years.
Recent Initiatives: Focus on developing sustainable asphalt production solutions and expanding into new markets.
Summary
Gencor Industries is a significant player in the asphalt production equipment market, characterized by strong brand recognition and a solid financial position. The company is currently focusing on innovations to deal with sustainble resources in the asphalt industry. The company needs to diversify revenue streams beyond asphalt production to deal with any threats. The company is moderately strong overall.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q), Industry Reports, Press Releases, Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market data can be dynamic and may change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Gencor Industries Inc
Exchange NYSE MKT | Headquaters Orlando, FL, United States | ||
IPO Launch date 2003-07-15 | CEO - | ||
Sector Industrials | Industry Farm & Heavy Construction Machinery | Full time employees 314 | Website https://www.gencor.com |
Full time employees 314 | Website https://www.gencor.com |
Gencor Industries, Inc., together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. It offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants. The company also provides combustion systems that transform solid, liquid, or gaseous fuels into usable energy, or burn multiple fuels in asphalt and aggregate drying industries; and combustion systems for rotary dryers, kilns, fume and liquid incinerators, and fuel heaters, as well as industrial incinerators. In addition, it offers thermal fluid heat transfer systems that transfer heat for storage, heating, and pumping viscous materials, such as asphalt, chemicals, heavy oils, etc. in various industrial and petrochemical applications; specialty storage tanks for various industrial uses; and asphalt pavers under the Blaw-Knox brand. The company sells its products primarily to the highway construction industry through its sales representatives, and independent dealers and agents worldwide. The company was formerly known as Mechtron International Corporation and changed its name to Gencor Industries, Inc. in 1987. Gencor Industries, Inc. was founded in 1894 and is based in Orlando, Florida.

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