 ORLANDO, Fla., Feb. 12, 2021 GLOBE NEWSWIRE -- Gencor Industries, Inc. Nasdaq: GENC announced today net revenues of 19.0 million for the quarter ended December 31, 2020 compared to 18.0 million for the quarter ended December 31, 2019. There were no revenues generated by the Blaw-Knox paver product line during the quarter ended December 31, 2020, as the facility was being readied to begin production. Gross margins were 15.7 for the quarter ended December 31, 2020 compared to 24.0 for the quarter ended December 31, 2019. The gross profit margins for the quarter ended December 31, 2020 were negatively impacted by unabsorbed manufacturing labor and overhead expenses related to the Blaw-Knox paver product line. Excluding these Blaw-Knox expenses, the gross profit margin for the quarter ended December 31, 2020, would have been 23.5, with increases in steel prices contributing to the lower overall gross margins. 