Gencor releases first quarter fiscal 2023 results

Orlando, fla., feb. 10, 2023 (globe newswire) -- gencor industries, inc. (the “company” or “gencor”) (nyse american: genc) announced today net revenues increased 28.4% to $25,825,000 for the quarter ended december 31, 2022 compared to $20,106,000 for the quarter ended december 31, 2021, due to higher contract equipment and parts sales. gross margins were 22.5% for the quarter ended december 31, 2022 compared to 18.4% for the quarter ended december 31, 2021 on increased production and favorable price realization.
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