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Gencor Industries, Inc. reported a strong second quarter fiscal 2024 with a 33.4% increase in net revenues to $40.7 million compared to the same quarter last year. Gross profit margins increased to 30.3% from 29.8%. Operating income rose 37.0% to $7.1 million, and net income increased by 27.7% to $6.2 million. The company had no outstanding debt, $117.1 million in cash and marketable securities, and a backlog of $50.4 million. Gencor's President highlighted strong results and optimism from highway contractors, positioning the company well for future growth.