07:51 AM EDT, 06/27/2025 (MT Newswires) -- Gencor Industries ( GENC ) belatedly reported fiscal 2024 net income Friday of $0.99 per diluted share, down from $1.00 a year earlier.

Net revenue for the fiscal year ended Sept. 30, 2024, was $113.2 million, up from $105.1 million a year earlier.

Analyst estimates were not readily available.

The company said the 7.7% year-on-year increase in revenue was a result of federal spending through the Infrastructure Investment and Jobs Act.

The heavy machinery manufacturer also said it has been notified that the New York Stock Exchange has accepted its request for an extension until Aug. 19 to submit its delinquent fiscal Q1 and fiscal Q2 results to regain compliance with continued listing standards.