Gencor releases third quarter fiscal 2023 results

Orlando, fla., aug. 09, 2023 (globe newswire) -- gencor industries, inc. (the “company” or “gencor”) (nyse american: genc) announced today net revenues of $27,877,000 for the quarter ended june 30, 2023 compared to $29,647,000 for the quarter ended june 30, 2022. gross margins for the quarter ended june 30, 2023 were 26.9% compared with 19.2% for the quarter ended june 30, 2022 on increased efficiency, absorption, and favorable price realization.
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