Gencor Industries, Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2021
May 14, 2021 at 07:00 am EDT
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Gencor Industries, Inc. announced earnings results for the second quarter ended March 31, 2021. For the second quarter, the company announced sales was USD 21.352 million compared to USD 25.993 million a year ago. Operating income was USD 1.239 million compared to USD 4.088 million a year ago. Net income was USD 2.288 million compared to net loss of USD 655,000 a year ago. For the half year, sales was USD 40.316 million compared to USD 44.023 million a year ago. Operating income was USD 181,000 compared to USD 5.260 million a year ago. Net income was USD 3.839 million compared to USD 1.834 million a year ago.
Gencor Industries, Inc. is a diversified heavy machinery manufacturer for the production of highway construction materials and equipment and environmental control machinery and equipment used in a variety of applications. The Company's products include asphalt pavers, hot mix asphalt plants, combustion systems and fluid heat transfer systems. The Company also manufactures related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins and other plant components. Its Hetherington and Berner (H&B) product line is an asphalt plant line. It manufactures combustion systems, which are large burners that can transform solid, liquid or gaseous fuels into usable energy, or burn multiple fuels, alternately or simultaneously. The Company manufactures asphalt pavers under the Blaw-Knox brand. It manufactures the Hy-Way Heat and Beverley lines of thermal fluid heat transfer systems and specialty storage tanks for various industry uses.
GENCOR INDUSTRIES, INC. 