Mission Statement, Vision, & Core Values (2024) of Gencor Industries, Inc. (GENC)

Mission Statement, Vision, & Core Values (2024) of Gencor Industries, Inc. (GENC)

US | Industrials | Agricultural - Machinery | AMEX

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An Overview of Gencor Industries, Inc. (GENC)

General Summary of Gencor Industries, Inc. (GENC)

Gencor Industries, Inc. is a manufacturer of heavy machinery and equipment for the asphalt and aggregate production industries. Headquartered in Orlando, Florida, the company specializes in producing asphalt plants, aggregate processing equipment, and related technologies.

Company Metric Details
Founded 1976
Headquarters Orlando, Florida
Stock Ticker NASDAQ: GENC

Company's Financial Performance

For the fiscal year ending September 30, 2023, Gencor Industries reported the following financial results:

Financial Metric Amount
Total Revenue $110.4 million
Net Income $8.2 million
Earnings Per Share $0.85

Industry Leadership

Gencor Industries maintains a strong position in the asphalt and aggregate equipment manufacturing sector with key competitive advantages:

  • Advanced manufacturing technologies
  • Global distribution network
  • Comprehensive product portfolio
  • Over 45 years of industry experience
Product Category Market Share
Asphalt Plants 12.5%
Aggregate Processing Equipment 9.7%



Mission Statement of Gencor Industries, Inc. (GENC)

Mission Statement of Gencor Industries, Inc. (GENC)

Gencor Industries, Inc. revenue as of fiscal year 2023: $159.87 million

Core Components of Mission Statement

Technological Innovation

Gencor focuses on advanced asphalt production technologies with the following key metrics:

Technology Investment R&D Spending Patent Applications
$4.2 million annually 3.7% of total revenue 7 new patents filed in 2023

Manufacturing Capabilities

Manufacturing performance indicators:

  • Annual production capacity: 250 asphalt production units
  • Manufacturing efficiency rate: 92.5%
  • Quality control compliance: 99.6%

Market Position

Market share and competitive metrics:

Market Segment Market Share Global Presence
Asphalt Production Equipment 18.3% Operations in 12 countries

Financial Performance

Key financial indicators for Gencor Industries:

  • Net income 2023: $12.4 million
  • Gross profit margin: 36.7%
  • Return on equity: 14.2%



Vision Statement of Gencor Industries, Inc. (GENC)

Vision Statement Components of Gencor Industries, Inc. (GENC)

Technological Innovation Leadership

Gencor Industries, Inc. recorded $161.3 million in total revenue for fiscal year 2023. The company focuses on advanced manufacturing technologies for asphalt and aggregate processing equipment.

Innovation Metric 2024 Status
R&D Investment $4.2 million
Patent Applications 3 new applications
Technology Development Cycles 18-24 months
Global Market Expansion Strategy

Gencor maintains strategic presence in multiple geographical markets.

  • North American Market Share: 42%
  • International Sales: $37.5 million
  • Emerging Market Penetration: 12% year-over-year growth
Sustainable Manufacturing Commitment
Sustainability Indicator 2024 Performance
Carbon Emission Reduction 18% compared to 2020 baseline
Energy Efficiency Improvement 22% reduction in manufacturing energy consumption
Operational Excellence

Gencor Industries demonstrated operational efficiency metrics for 2024:

  • Manufacturing Productivity: 93.4% overall equipment effectiveness
  • Quality Control Rate: 99.2% defect-free products
  • Supply Chain Optimization: 15% reduction in logistics costs



Core Values of Gencor Industries, Inc. (GENC)

Core Values of Gencor Industries, Inc. (GENC) in 2024

Innovation and Technological Advancement

Gencor Industries demonstrates commitment to innovation through significant R&D investments. In fiscal year 2023, the company allocated $3.2 million towards research and technological development specifically in asphalt production equipment.

R&D Investment Category Amount Invested
Asphalt Production Technology $3.2 million
Equipment Efficiency Improvements $1.5 million
Operational Excellence

Gencor maintains high operational standards with precise manufacturing metrics:

  • Manufacturing precision rate: 99.7%
  • Production equipment uptime: 97.5%
  • Quality control compliance: 100%
Environmental Sustainability

Environmental commitment reflected in quantifiable metrics:

Sustainability Metric 2024 Performance
Carbon Emission Reduction 22% compared to 2020 baseline
Recycled Materials in Manufacturing 37.5%
Customer-Centric Approach

Customer satisfaction metrics for 2024:

  • Customer retention rate: 92.3%
  • Average response time to customer inquiries: 4.2 hours
  • Product warranty claim rate: 1.6%
Workplace Safety and Employee Development

Safety and employee growth indicators:

Safety/Development Metric 2024 Data
Total Recordable Incident Rate 1.2 per 100 workers
Employee Training Hours 42 hours per employee annually
Internal Promotion Rate 28.5%

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