范科工业 2025年季度报告

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF GENCOR INDUSTRIES, INC.(Exact name of registrant as specified in its charter) Delaware 5201 North Orange Blossom Trail,Orlando,Florida32810(Address of principal executive offices) (Zip Code) (407)290-6000 Title of Each ClassTradingSymbol(s)Common Stock($.10 Par Value)GENC Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulationS-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-acceleratedfiler, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule12b-2of the Exchange Act.☐Accelerated Filer☐SmallerReportingCompany☐ Item1.Financial StatementsCondensed Consolidated Balance Sheets – March31, 2025 (Unaudited) and September30, 2024Condensed Consolidated Income Statements – Quarters and Six Months Ended March31, 2025 and 2024 (Unaudited)Condensed Consolidated Statements of Shareholders’ Equity – Quarters and Six Months Ended March31, 2025 and 2024(Unaudited)Condensed Consolidated Statements of Cash Flows – Six Months Ended March31, 2025 and 2024 (Unaudited)Notes to Condensed Consolidated Financial Statements (Unaudited)Item2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures about Market RiskItem4.Controls and ProceduresOther InformationItem1.Legal ProceedingsItem1A.Risk FactorsItem5.Other InformationItem6.ExhibitsSignatures2 On November1, 2024, we were notified that MSL, P.A. (“MSL”), our previous independent registered public accounting firm, entered into a transactionwith Forvis Mazars, LLP (“Forvis Mazars”), whereby substantially all of the partners and employees of MSL joined Forvis Mazars. As a result, on theeffective date of November1, 2024, our Audit Committee dismissed MSL and appointed Forvis Mazars to serve as our independent registered public us to coordinate the completion of the audit of the financial statements for the year ended September30, 2024 and the audit of internal control overfinancial reporting as of September30, 2024 (the “2024 Audit”).Due to the delay in the completion of the 2024 Audit we determined that we were unable to file our Annual Report onForm10-Kforthe fiscal year Additionally, we dismissed Forvis Mazars as our independent registered public accounting firm on February13, 2025 and engaged Berkowitz PollackBrant Advisors + CPAs (“BPB”) as our new independent registered public accounting firm on February20, 2025. The engagement of BPB resulted inthe need for additional time for the Company to coordinate the completion of the 2024 Audit, the 2024 Annual Report and the Quarterly Reports onForm10-Qfor the quarterly periods ended December31, 2024 and March31, 2025. ended December31, 2024 and March31, 2025, as required under the NYSE American LLC (“NYSE American”) continued listing standards. NYSERegulation (“NYSE”) informed us that, under the rules of the NYSE American, we have an initialsix-monthperiod from the 2024 Annual Report filingdue date of December31, 2024, to regain compliance with the NYSE American listing standards by filing all delinquent reports by June30, 2025.On June10, 2025, we submitted an extension request to the NYSE, requesting additional time to regain compliance with the NYSE American continuedlisting standards. While we filed the 2024 Annual Report on June27, 2025, within the initialsix-monthperiod granted by the initial delinquency notice, submit our delinquent reports, including this Quarterly Report on Form10-Qfor the quarterly period ended March31, 2025, by August19, 2025. Wefiled our Quarterly Report on Form10-Qfor the quarterly period ended December31, 2024 on July25, 2025.3 This Quarterly Report on Form10-Q(this “Quarterly Report”) and the Company’s other communications and statements may contain certain “forward-looking statements” within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of1934, as amended (the “Exchange Act”), including statements about the Company’s beliefs, plans, objectives, goals, expectations, estimates, projectionsand intentions. These statements are subject to significant risks and uncertainties and are subject to change based on various factors, many of which arebeyond the Company’s control. The Company’s actual results may differ materially from those set forth in the Company’s forward-looking statementsdependi