 ORLANDO, Fla., May 14, 2021 GLOBE NEWSWIRE -- Gencor Industries, Inc. Nasdaq: GENC announced today net revenues of 21.4 million for the quarter ended March 31, 2021 compared to 26.0 million for the quarter ended March 31, 2020. Gross margins for the quarter ended March 31, 2021 were 28.8 compared with 28.2 for the quarter ended March 31, 2020. During the quarter ended March 31, 2021, the Company continued to experience higher manufacturing costs associated with steel and OEM parts pricing, as well as unabsorbed manufacturing labor and overhead expenses related to the paver line. The negative effect of these higher manufacturing costs on the quarter ended March 31, 2021, was offset by improved margins on certain equipment sales recognized over time and increased parts sales, in dollars and as a percentage of total net revenues, at higher margins. 