Gencor Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 09, 2023 at 04:05 pm EDT
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Gencor Industries, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 27.88 million compared to USD 29.65 million a year ago. Net income was USD 3.21 million compared to net loss of USD 1.02 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to basic loss per share from continuing operations of USD 0.07 a year ago.
For the nine months, sales was USD 84.2 million compared to USD 80.41 million a year ago. Net income was USD 11.56 million compared to net loss of USD 0.85 million a year ago. Basic earnings per share from continuing operations was USD 0.79 compared to basic loss per share from continuing operations of USD 0.06 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. 
