Gencor Industries, Inc. reported earnings results for the first quarter ended December 31, 2022. For the first quarter, the company reported sales was USD 25.83 million compared to USD 20.11 million a year ago. Net income was USD 3.48 million compared to net loss of USD 0.274 million a year ago.

Basic earnings per share from continuing operations was USD 0.24 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.