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ORLANDO - Gencor Industries, Inc. (NYSE American:GENC), a machinery manufacturer with a market capitalization of $217 million and an "GREAT" financial health rating according to InvestingPro, has received an extension from NYSE American LLC to regain compliance with continued listing standards, according to a press release statement issued Friday.
The exchange has granted Gencor until August 19, 2025, to submit its delinquent financial reports. The company is currently not in compliance with NYSE American listing requirements due to its failure to file its Annual Report on Form 10-K for the fiscal year ended September 30, 2024, and Quarterly Reports on Form 10-Q for the periods ended December 31, 2024, and March 31, 2025. Despite these reporting delays, InvestingPro data shows the company maintains exceptional liquidity with a current ratio of 26.55 and holds more cash than debt on its balance sheet.
Despite the non-compliance, Gencor’s listing continues under the extension period. The company will undergo periodic review by NYSE during this time.
Gencor stated it expects to file its Annual Report within the initial six-month period and the Quarterly Reports by the new deadline, though it noted there is no guarantee the filings will be completed within these timeframes.
If the company fails to make progress consistent with its compliance plan or does not regain compliance by the end of the extension period, it could face delisting from the NYSE American.
Gencor Industries manufactures heavy machinery for highway construction materials and equipment, as well as environmental control machinery used in various applications.
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