15 unchanged sentences
(“Beverley”) in the United Kingdom.
−Removed: Heat Company, Inc.
−Removed: Heat”) and the Bituma Group were acquired in 1986.
+Added: Hy-Way Heat Company, Inc.
+Added: (“Hy-Way Heat”) and the Bituma Group were acquired in 1986.
In 1987, the Company changed its name to Gencor Industries, Inc.
11 unchanged sentences
Asphalt Plants .
−Removed: The Company manufactures and produces hot-mix
−Removed: asphalt plants used in the production of asphalt paving materials.
−Removed: The Company also manufactures related asphalt plant equipment, including hot-mix
−Removed: storage silos, fabric filtration systems, cold feed bins and other plant components.
+Added: The Company manufactures and produces hot-mix asphalt plants used in the production of asphalt paving materials.
+Added: The Company also manufactures related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins and other plant components.
The Company’s H&B (Hetherington and Berner) product line is the world’s oldest asphalt plant line, first manufactured in 1894.
8 unchanged sentences
Fluid Heat Transfer Systems .
−Removed: The Company’s General Combustion subsidiary manufactures the Hy-Way
−Removed: Heat and Beverley lines of thermal fluid heat transfer systems and specialty storage tanks for a wide array of industry uses.
+Added: The Company’s General Combustion subsidiary manufactures the Hy-Way Heat and Beverley lines of thermal fluid heat transfer systems and specialty storage tanks for a wide array of industry uses.
Thermal fluid heat transfer systems are similar to boilers, but use high temperature oil instead of water.
19 unchanged sentences
The principal competitive factors include quality, price, delivery, availability, and technology.
−Removed: The Company believes it manufactures the highest quality and heaviest equipment in the industry.
−Removed: Its products’ performance reliability, brand recognition, pricing, and after-the-sale
−Removed: technical support are other important factors.
+Added: The Company believes it manufactures the highest quality equipment in the industry.
+Added: Its products’ performance reliability, brand recognition, pricing, and after-the-sale technical support are other important factors.
Sales and Marketing
−Removed: The Company’s products and services are marketed primarily through Company-employed sales representatives and independent dealers.
+Added: The Company’s products and services are marketed through Company-employed sales representatives and independent dealers.
Sales Backlog
The size of the Company’s backlog should not be viewed as an indicator of the Company’s quarterly or annualized revenues, due to the timing of order fulfillment of asphalt plants.
−Removed: The Company’s backlog, which includes orders received through the date of this filing, was $53.1 million and $24.9 million as of December 1, 2021 and December 1, 2020, respectively.
+Added: The Company’s backlog was $43.2 million and $53.1 million as of December 1, 2022 and December 1, 2021, respectively.
Financial Information about Geographic Areas Reporting Segments
−Removed: For a geographic breakdown of revenues and long-term assets, see Reporting Segments and Geographic Areas in Note 1 to the Consolidated Financial Statements.
+Added: See Reporting Segments and Geographic Areas in Note 1 to the Consolidated Financial Statements.
Licenses, Patents and Trademarks
1 unchanged sentence
Patent and Trademark Office and in various foreign countries.
−Removed: In general, the Company depends upon technological capabilities, manufacturing quality control and application know-how,
−Removed: rather than patents or other proprietary rights in the conduct of its business.
+Added: In general, the Company depends upon technological capabilities, manufacturing quality control and application know-how, rather than patents or other proprietary rights in the conduct of its business.
Government Regulations
13 unchanged sentences
For further discussion concerning the Company’s business, see the information included in Item 7 (Management’s Discussion and Analysis of Financial Condition and Results of Operations) and Item 8 (Financial Statements and Supplementary Data) of this Annual Report.
−Removed: The Company makes available free of charge through its website at www.gencor.com the Company’s Annual Reports on Form 10-K,
−Removed: Quarterly Reports on Form 10-Q,
−Removed: Current Reports on Form 8-K
−Removed: and all amendments to those reports, if applicable, filed or furnished pursuant to Sections 13(a) and 15(d) of the Exchange Act, as soon as reasonably practicable after the material is electronically filed with or furnished to the Securities and Exchange Commission (“SEC”).
+Added: The Company makes available free of charge through its website at www.gencor.com the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and all amendments to those reports, if applicable, filed or furnished pursuant to Sections 13(a) and 15(d) of the Exchange Act, as soon as reasonably practicable after the material is electronically filed with or furnished to the Securities and Exchange Commission (“SEC”).
The information posted on the website is not incorporated into this Annual Report.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.