Duyuru • May 13
Gencor Industries, Inc. announced delayed 10-Q filing On 05/12/2026, Gencor Industries, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • May 11
Second quarter 2026 earnings: EPS in line with expectations, revenues disappoint Second quarter 2026 results: EPS: US$0.41 (down from US$0.42 in 2Q 2025). Revenue: US$33.8m (down 12% from 2Q 2025). Net income: US$5.99m (down 1.7% from 2Q 2025). Profit margin: 18% (up from 16% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 07
First quarter 2026 earnings released: EPS: US$0.23 (vs US$0.26 in 1Q 2025) First quarter 2026 results: EPS: US$0.23 (down from US$0.26 in 1Q 2025). Revenue: US$23.6m (down 25% from 1Q 2025). Net income: US$3.44m (down 9.8% from 1Q 2025). Profit margin: 15% (up from 12% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 10
Full year 2025 earnings released: EPS: US$1.07 (vs US$0.99 in FY 2024) Full year 2025 results: EPS: US$1.07 (up from US$0.99 in FY 2024). Revenue: US$115.4m (up 2.0% from FY 2024). Net income: US$15.7m (up 7.6% from FY 2024). Profit margin: 14% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Aug 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Walter Ketcham was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jul 29
Gencor Industries Regains Compliance with Section 1007 of the NYSE American Company Guide As previously disclosed, on January 3, 2025, Gencor Industries, Inc. received a notice from NYSE Regulation (the “NYSE”) indicating the Company was not in compliance with the NYSE American LLC (“NYSE American”) continued listing standards as a result of its failure to timely file its Annual Report on Form 10-K for the year ended September 30, 2024 (the “Form 10-K”) with the Securities and Exchange Commission (“SEC”) prior to December 31, 2024, the end of the extension period provided by Form 12b-25, and as a result was subject to the procedures set in Section 1007 of the NYSE American Company Guide. The NYSE informed the Company that, under the rules of the NYSE American, the Company had an initial six-month period from the Form 10-K filing due date of December 31, 2024, to regain compliance with the NYSE American listing standards by filing the Form 10-K and any subsequently delayed filings with the SEC. On June 10, 2025, the Company submitted an extension request to the NYSE, requesting additional time to regain compliance with the NYSE American continued listing standards. While the Company filed its Form 10-K on June 27, 2025, within the initial six-month period granted by the Delinquency Notification, the Company requested an extension to allow it additional time to coordinate the completion of the Quarterly Reports on Form 10-Q for the quarterly periods ended December 31, 2024 and March 31, 2025. On June 24, 2025, the Company received a letter from the NYSE, informing the Company that the NYSE accepted the extension request, granting the Company a plan period through August 19, 2025 (the “New Cure Deadline”) to submit its delinquent reports. The Company filed its Quarterly Reports on Form 10-Q for the quarterly periods ended December 31, 2024 and March 31, 2025 on July 25, 2025, which was prior to the New Cure Deadline. On July 25, 2025, the Company received a notification letter from the NYSE indicating that the Company has now regained compliance with Section 1007 of the NYSE American Company Guide and will be removed from the NYSE’s late filers’ list. Duyuru • Jul 21
Gencor Industries, Inc., Annual General Meeting, Sep 26, 2025 Gencor Industries, Inc., Annual General Meeting, Sep 26, 2025. Duyuru • Jun 29
Gencor Announces NYSE American Acceptance of Compliance Plan Gencor Industries, Inc. announced that NYSE American LLC notified the Company that NYSE Regulation accepted the Company’s request for an extension to regain compliance with Sections 134 and 1101 of the NYSE American’s continued listing standards, granting the Company a plan period through August 19, 2025 to submit its delinquent reports. The Company requested the extension to allow it additional time to coordinate the completion of its Quarterly Reports on Form 10-Q for the quarterly periods ended December 31, 2024 and March 31, 2025. While the Company is currently not in compliance with the NYSE American continued listing standards as a result of its failure to timely file with the Securities and Exchange Commission its Annual Report on Form 10-K for the year ended September 30, 2024 as well as its Quarterly Reports on Form 10-Q for the quarterly periods ended December 31, 2024 and March 31, 2025, its listing is being continued pursuant to the extension. The Company will be subject to periodic review by NYSE during the extension period. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the extension period could result in the Company being delisted from the NYSE American. The Company currently expects to file its Annual Report on Form 10-K for the year ended September 30, 2024 within the initial six-month period and its Quarterly Reports on Form 10-Q for the quarterly periods ended December 31, 2024 and March 31, 2025 by the New Cure Deadline; however, there can be no assurance that the delinquent reports will be filed within such periods. Duyuru • May 10
Gencor Industries, Inc. announced delayed 10-Q filing On 05/09/2025, Gencor Industries, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Apr 05
Gencor Industries, Inc. Provides Unaudited Preliminary Revenue Estimates for the First Quarter of 2025 Gencor Industries, Inc. provided unaudited preliminary revenue estimates for the first quarter of 2025. The company anticipates reporting revenue of approximately $31 million for the first quarter of fiscal 2025, compared to $26 million for the first quarter of fiscal 2024. Duyuru • Mar 04
Gencor Industries, Inc. Provides Unaudited Preliminary Revenue Estimates for the Year Ended September 30, 2024 Gencor Industries, Inc. provided unaudited preliminary revenue estimates for the year ended September 30, 2024. The Company anticipates reporting revenue of approximately $113 million for the year ended September 30, 2024, compared to $105.1 million for the year ended September 30, 2023. Duyuru • Feb 12
Gencor Industries, Inc. announced delayed 10-Q filing On 02/11/2025, Gencor Industries, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Dec 18
Gencor Industries, Inc. announced delayed annual 10-K filing On 12/17/2024, Gencor Industries, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Walter Ketcham was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 11
Third quarter 2024 earnings released: EPS: US$0.17 (vs US$0.22 in 3Q 2023) Third quarter 2024 results: EPS: US$0.17 (down from US$0.22 in 3Q 2023). Revenue: US$25.6m (down 8.3% from 3Q 2023). Net income: US$2.56m (down 20% from 3Q 2023). Profit margin: 10.0% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 10
Second quarter 2024 earnings released: EPS: US$0.42 (vs US$0.33 in 2Q 2023) Second quarter 2024 results: EPS: US$0.42 (up from US$0.33 in 2Q 2023). Revenue: US$40.7m (up 33% from 2Q 2023). Net income: US$6.22m (up 28% from 2Q 2023). Profit margin: 15% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 15
President & Director recently sold US$330k worth of stock On the 12th of February, Marc Elliott sold around 20k shares on-market at roughly US$16.48 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Marc's only on-market trade for the last 12 months. Reported Earnings • Feb 07
First quarter 2024 earnings released: EPS: US$0.30 (vs US$0.24 in 1Q 2023) First quarter 2024 results: EPS: US$0.30 (up from US$0.24 in 1Q 2023). Revenue: US$26.0m (flat on 1Q 2023). Net income: US$4.33m (up 25% from 1Q 2023). Profit margin: 17% (up from 14% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 30
Gencor Industries, Inc., Annual General Meeting, Mar 07, 2024 Gencor Industries, Inc., Annual General Meeting, Mar 07, 2024, at 10:00 US Eastern Standard Time. Location: 5201 North Orange Blossom Trail, 32810 Orlando Florida United States Agenda: To elect the Directors to be voted upon by the holders of Class B Stock and to elect the Director to be voted upon by the holders of Common Stock; to ratify the selection of MSL, P.A., independent certified public accountants, as auditors for the Company for the year ending September 30, 2024; to have an advisory vote on the frequency of holding an advisory vote on executive compensation; and to transact such other business as may properly come before the meeting. Buy Or Sell Opportunity • Jan 29
Now 20% undervalued Over the last 90 days, the stock has risen 9.2% to US$15.50. The fair value is estimated to be US$19.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Jan 09
Now 20% undervalued Over the last 90 days, the stock is up 8.5%. The fair value is estimated to be US$19.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • Dec 20
A Lawsuit Files Against Gencor Industries, Inc The widow of a man killed on a conveyor belt incident filed a wrongful death lawsuit in San Joaquin Superior Court, alleging the company that made the machine is liable for his death. According to the complaint, on August 1, 2022, Mark Clinkenbeard was using an asphalt plant collection conveyor belt built by Gencor Industries Inc. (based in Orlando, FL) in a proper manner. Mark was performing his usual work duties and was greasing a bin feeder conveyor when suddenly and without warning the belt started moving, forcing him into the opening between the bin feeder belt and the collection belt. He was dragged until his right leg became entangled in the return rollers. First responders had to use the jaws of life to remove Mark from the machine and rushed him to the nearest hospital. However, he was pronounced dead the following day after suffering multi organ system failure caused by profound trauma. According to the complaint, the California Division of Occupational Safety and Health (Cal/OSHA) performed a full investigation and found that neither of the collection belts nor the feeder belts were locked out which created a dangerous working condition for Mark. It also concluded that the audible warning that should have alerted Mark about the belt's movement could not be heard over the sound of the machine operating. Cal/OSHA's investigation concluded no safe access points or work platforms were provided to access the maintenance points on the bin feeder belts. And it revealed there was no safe platform or maintenance runway present at the time of the accident. The lawsuit also alleges Gencor and the other named defendants had prior warning of the risks, yet chose to ignore them. Reported Earnings • Dec 14
Full year 2023 earnings released: EPS: US$1.00 (vs US$0.025 loss in FY 2022) Full year 2023 results: EPS: US$1.00 (up from US$0.025 loss in FY 2022). Revenue: US$105.1m (up 1.5% from FY 2022). Net income: US$14.7m (up US$15.0m from FY 2022). Profit margin: 14% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Aug 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 36% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 24% per year over the past 5 years. High level of non-cash earnings (36% accrual ratio). Reported Earnings • Aug 10
Third quarter 2023 earnings released: EPS: US$0.22 (vs US$0.069 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.22 (up from US$0.069 loss in 3Q 2022). Revenue: US$27.9m (down 6.0% from 3Q 2022). Net income: US$3.21m (up US$4.23m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • May 13
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$30.5m (flat on 2Q 2022). Net income: US$4.87m (up US$4.43m from 2Q 2022). Profit margin: 16% (up from 1.4% in 2Q 2022). Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$12.63, the stock trades at a trailing P/E ratio of 54.8x. Average trailing P/E is 20x in the Machinery industry in the US. Total returns to shareholders of 11% over the past three years. Reported Earnings • Feb 12
First quarter 2023 earnings released: EPS: US$0.24 (vs US$0.019 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.24 (up from US$0.019 loss in 1Q 2022). Revenue: US$25.8m (up 28% from 1Q 2022). Net income: US$3.48m (up US$3.75m from 1Q 2022). Profit margin: 14% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Duyuru • Jan 31
Gencor Industries, Inc., Annual General Meeting, Mar 31, 2023 Gencor Industries, Inc., Annual General Meeting, Mar 31, 2023, at 10:00 US Eastern Standard Time. Location: 5201 North Orange Blossom Trail, Orlando, Florida 32810 Orlando Florida United States Agenda: To consider and elect the Directors to be voted upon by the holders of Class B Stock and to elect the Director to be voted upon by the holders of Common Stock; to consider and ratify the selection of MSL, P.A., (“MSL”) independent certified public accountants, as auditors for the Company for the year ending September 30, 2023; to consider and have an advisory vote on executive compensation; and to transact such other business as may properly come before the meeting. Reported Earnings • Dec 18
Full year 2022 earnings released: US$0.025 loss per share (vs US$0.40 profit in FY 2021) Full year 2022 results: US$0.025 loss per share (down from US$0.40 profit in FY 2021). Revenue: US$103.5m (up 21% from FY 2021). Net loss: US$372.0k (down 106% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Third quarter 2022 earnings released: US$0.069 loss per share (vs US$0.16 profit in 3Q 2021) Third quarter 2022 results: US$0.069 loss per share (down from US$0.16 profit in 3Q 2021). Revenue: US$29.6m (up 19% from 3Q 2021). Net loss: US$1.02m (down 144% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • May 13
Second quarter 2022 earnings released: EPS: US$0.03 (vs US$0.16 in 2Q 2021) Second quarter 2022 results: EPS: US$0.03 (down from US$0.16 in 2Q 2021). Revenue: US$30.7m (up 44% from 2Q 2021). Net income: US$439.0k (down 81% from 2Q 2021). Profit margin: 1.4% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Duyuru • Mar 10
Gencor Industries Approves the Appointment of General John G. Coburn (Ret.) as Director Gencor Industries, Inc. at the AGM held on March 4, 2022 approved the appointment of General John G. Coburn (Ret.) as directors. Reported Earnings • Feb 13
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: US$0.02 loss per share (down from US$0.11 profit in 1Q 2021). Revenue: US$20.1m (up 6.0% from 1Q 2021). Net loss: US$274.0k (down 118% from profit in 1Q 2021). Revenue missed analyst estimates by 3.4%. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Feb 02
Gencor Industries, Inc., Annual General Meeting, Mar 04, 2022 Gencor Industries, Inc., Annual General Meeting, Mar 04, 2022, at 10:00 US Eastern Standard Time. Location: 5201 North Orange Blossom Trail Orlando florida United States Agenda: To elect the Directors to be voted upon by the holders of Class B Stock and to elect the Director to be voted upon by the holders of Common Stock; to ratify the selection of MSL, P.A., ( MSL ) independent certified public accountants, as auditors for the Company for the year ending September 30, 2022; and to transact such other business as may properly come before the meeting. Reported Earnings • Dec 19
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$0.40 (up from US$0.38 in FY 2020). Revenue: US$85.3m (up 10% from FY 2020). Net income: US$5.81m (up 5.0% from FY 2020). Profit margin: 6.8% (down from 7.1% in FY 2020). Revenue missed analyst estimates by 3.4%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Aug 20
President & Director exercised options to buy US$224k worth of stock. On the 17th of August, Marc Elliott exercised options to buy 20k shares at a strike price of around US$5.13, costing a total of US$100k. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. Since December 2020, Marc has owned 461.79k shares directly. Company insiders have collectively sold US$37k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Aug 13
Third quarter 2021 earnings released: EPS US$0.16 (vs US$0.30 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$24.9m (up 8.6% from 3Q 2020). Net income: US$2.34m (down 46% from 3Q 2020). Profit margin: 9.4% (down from 19% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Executive Departure • Jul 13
Independent Director David Air has left the company On the 30th of June, David Air's tenure as Independent Director ended after 17.5 years in the role. As of March 2021, David still personally held only 4.00k shares (US$42k worth at the time). David is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 11.04 years. Reported Earnings • May 16
Second quarter 2021 earnings released: EPS US$0.16 (vs US$0.045 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: US$21.4m (down 18% from 2Q 2020). Net income: US$2.29m (up US$2.94m from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$12.87, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 35x in the Machinery industry in the US. Total loss to shareholders of 22% over the past three years. Recent Insider Transactions • Mar 09
Independent Director recently sold US$87k worth of stock On the 8th of March, James Sharp sold around 6k shares on-market at roughly US$14.48 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$152k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Mar 04
Independent Director notifies of intention to sell stock James Sharp intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of March. If the sale is conducted around the recent share price of US$14.30, it would amount to US$107k. Since December 2020, James has owned 7.50k shares directly. Company insiders have collectively bought US$46k more than they sold, via options and on-market transactions, in the last 12 months. Is New 90 Day High Low • Feb 23
New 90-day high: US$14.17 The company is up 13% from its price of US$12.58 on 24 November 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. Reported Earnings • Feb 13
First quarter 2021 earnings released: EPS US$0.11 (vs US$0.17 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: US$19.0m (up 5.2% from 1Q 2020). Net income: US$1.55m (down 38% from 1Q 2020). Profit margin: 8.2% (down from 14% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Duyuru • Feb 09
Gencor Industries, Inc., Annual General Meeting, Mar 11, 2021 Gencor Industries, Inc., Annual General Meeting, Mar 11, 2021, at 10:00 US Eastern Standard Time. Location: at the Company’s corporate offices; 5201 North Orange Blossom Trail Orlando Florida United States Agenda: To elect the Directors to be voted upon by the holders of Class B Stock and to elect the Director to be voted upon by the holders of Common Stock; to ratify the selection of MSL, P.A., (“MSL”) independent certified public accountants, as auditors for the Company for the year ending September 30, 2021; and to transact such other business as may properly come before the meeting. Reported Earnings • Dec 20
Full year 2020 earnings released: EPS US$0.38 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$77.4m (down 4.8% from FY 2019). Net income: US$5.53m (down 46% from FY 2019). Profit margin: 7.1% (down from 13% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 10% per year. Is New 90 Day High Low • Dec 05
New 90-day high: US$12.64 The company is up 2.0% from its price of US$12.43 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 13% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: US$10.86 The company is down 2.0% from its price of US$11.06 on 26 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 13% over the same period. Duyuru • Aug 01
Gencor Industries, Inc. (NasdaqGM:GENC) signed an agreement to acquire the Blaw-Knox paver business and associated assets from Volvo Construction Equipment North America, Inc. Gencor Industries, Inc. (NasdaqGM:GENC) signed an agreement to acquire the Blaw-Knox paver business and associated assets from Volvo Construction Equipment North America, Inc. on July 31, 2020. The Blaw-Knox business, name, and associated assets will transfer to Gencor, including the manufacturing production line currently located at Shippensburg Pennsylvania. Gencor is expected to continue marketing and servicing the Blaw-Knox paver line through selected Volvo CE dealers. The deal is expected to be finalized in Gencor’s first quarter of fiscal 2021.