Gencor releases third quarter fiscal 2022 results

Orlando, fla., aug. 12, 2022 (globe newswire) -- gencor industries, inc. (the “company” or “gencor”) (nyse american: genc) announced today net revenues of $29.6 million for the quarter ended june 30, 2022 compared to $24.9 million for the quarter ended june 30, 2021. gross margins for the quarter ended june 30, 2022 were 19.2% compared with 22.5% for the quarter ended june 30, 2021. higher manufacturing costs associated with wages, steel, and purchased parts continued to impact the company's operating results for the quarter ended june 30, 2022.
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