Gencor releases first quarter fiscal 2024 results

Orlando, fla., feb. 06, 2024 (globe newswire) -- gencor industries, inc. (the “company” or “gencor”) (nyse american: genc) announced today net revenues for the quarter ended december 31, 2023 of $26,018,000 increased slightly over net revenues for the quarter ended december 31, 2022 of $25,825,000. increased revenues from parts sales and contract equipment sales recognized over time were mostly offset by decreased revenues from contract equipment sales recognized at a point in time. as a percent of sales, gross profit margins improved to 29.0% in the quarter ended december 31, 2023, compared to 22.5% in the quarter ended december 31, 2022 on improved manufacturing efficiencies and favorable price realization.
GENC Ratings Summary
GENC Quant Ranking