Gencor releases second quarter fiscal 2022 results

Orlando, fla., may 13, 2022 (globe newswire) -- gencor industries, inc. (nasdaq: genc) announced today net revenues of $30.7 million for the quarter ended march 31, 2022 compared to $21.4 million for the quarter ended march 31, 2021. gross margins for the quarter ended march 31, 2022 were 20.2% compared with 28.8% for the quarter ended march 31, 2021. during the quarter ended march 31, 2022, the company continued to experience higher manufacturing costs associated with wages, steel and oem parts pricing.
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