Reports 2022 revenue $103.5M vs. $85.3M last year. Marc Elliott, Gencor’s President, stated, "I am pleased with Gencor’s strong fourth quarter performance, with solid improvements in revenues and gross margins as market demand for Gencor’s asphalt plants and components have remained strong. While supply chain and inflation-related challenges have continued throughout the fiscal year, our Company has persevered and our business has grown substantially. While the macro environment is more uncertain in 2023, we remain focused on growth in our markets. I am optimistic that the passage of last year’s Infrastructure Investment and Jobs Act will provide a catalyst for our markets over the next few years as funding is released. We believe this clarity of guaranteed Federal investment will be essential in accelerating state infrastructure projects."
Published first on TheFly
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