Gencor Industries reported a decline in net revenue to $33.8 million for Q2 fiscal 2026, down from $38.2 million a year earlier, mainly due to delayed orders and shipments. Despite lower revenue, gross profit margin improved to 31.7%, and operating income rose 10.4% to $7.16 million, driven by reduced expenses. The company's backlog more than doubled to $60.5 million, supported by ongoing infrastructure funding, positioning Gencor for sustained growth in the coming quarters. Net income slightly decreased to $6 million, reflecting lower revenue and non-operating income, partially offset by cost efficiencies.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
