Gencor Industries, Inc. (DE) (GENC) reported better than expected earnings this morning for Q1 2023.
The company reported an EPS of $0.24. The firm reported an EPS loss of $0.02 per share in the year-ago quarter. The increase in Gencor Industries Inc.'s annual growth rate represents how the business is performing well amid recent economic conditions.
Revenues were upbeat at $25.8 million. That revenue figure is an increase of 28.44% from the year ago quarter.
The stock is up 8.42% to $11.59 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 48.
Gencor Industries Inc and its subsidiaries is a manufacturer of heavy machinery used in the production of highway construction materials and environmental control equipment. The firm's principal products include asphalt plants, combustion systems, and fluid heat transfer systems.
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Gencor Industries Inc. Up 8.42% To $11.59 After Earnings
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