Gencor Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023
May 12, 2023 at 08:02 am
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Gencor Industries, Inc. reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported sales was USD 30.5 million compared to USD 30.65 million a year ago. Net income was USD 4.87 million compared to USD 0.439 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.03 a year ago.
For the six months, sales was USD 56.33 million compared to USD 50.76 million a year ago. Net income was USD 8.35 million compared to USD 0.165 million a year ago. Basic earnings per share from continuing operations was USD 0.57 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 0.01 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. 