Gencor Releases Second Quarter Fiscal 2009 Results

ORLANDO, Fla., May 11, 2009 (GLOBE NEWSWIRE) -- Gencor Industries, Inc.
(Nasdaq:GENC) announced net revenue for the three months ended March 31, 2009,
was $15.4 million, compared to $24.6 million from the three months ended March
31, 2008. Operating income for the three months ended March 31, 2009, was a loss
of $1.0 million, compared to income of $3.5 million for the first quarter of the
prior fiscal year. The Company had a gain of $0.5 million on the increase in
value of its marketable securities in the three months ended March 31, 2009,
compared to a loss of $1.4 million in the first three months of the prior fiscal
year. As a result, the Company had a net loss of $.3 million or $.04 per share
for the three months ended March 31, 2009, compared to Net Income of $1.3
million or $.14 per share for the three months ended March 31, 2008.

E. J. Elliott, Gencor's Chairman, stated, "The global credit crisis is impacting
the roadbuilding industry severely and has led to a decrease in sales of our
larger capital equipment, offset in part by an increase in sales of plant
components, parts, and ancillary services. The much publicized Infrastructure
Rebuilding Stimulus money, reportedly distributed to the states months ago by
the federal government, has yet to be seen in actual projects awarded to
contractors. As a consequence, it is doubtful whether a significant amount of
infrastructure construction activity, and construction machinery sales, will
occur before the last quarter of the current year. Long term, our industry is
relying on the reauthorization of the 'Highway Bill' which is due after the end
of September, and is anticipated to be in the range of $41 to $80 billion per
year for the next 5 years. In response to our short-term outlook, we have
already taken aggressive actions to right-size our cost structure, and have
taken other steps to preserve the healthy state of our balance sheet. Long term,
we believe our strategy of continuing to invest heavily in Product Engineering
and Development, and our focus on delivering a higher quality product and
superior service will strengthen our market position when demand for capital
equipment rebounds. We feel these steps will position us well for the remainder
of our fiscal 2009. In the meantime, aided with our strong cash position we are
exploring opportunities for organic growth, as well as attractive acquisitions
which the present economic conditions inevitably create."

Gencor Industries is a diversified heavy machinery manufacturer for the
production of highway construction materials, synthetic fuels and environmental
control machinery and equipment used in a variety of applications.

Caution Concerning Forward Looking Statements -- This press release and our
other communications and statements may contain "forward-looking statement,"
including statement about our beliefs, plans, objectives, goals, expectations,
estimates, projections and intentions. These statements are subject to
significant risks and uncertainties and are subject to change based on various
factors, many of which are beyond our control. The words "may," "could,"
"should," "would," "believe," "anticipate," "estimate," "expect," "intend,"
"plan," "target," "goal," and similar expressions are intended to identify
forward-looking statements. All forward-looking statements, by their nature, are
subject to risks and uncertainties. Our actual future results may differ
materially from those set forth in our forward-looking statements. For
information concerning these factors and related matters, see our Annual Report
on Form 10-K for the year ended September 30, 2008: (a) "Risk Factors" in Part
I, Item 1A and (b) "Management's Discussion and Analysis of Financial Condition
and Results of Operations" in Part II, Item 7. However, other factors besides
those referenced could adversely affect our results, and you should not consider
any such list of factors to be a complete set of all potential risks or
uncertainties. Any forward-looking statements made by us herein speak as of the
date of this press release. We do not undertake to update any forward-looking
statement, except as required by law.

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CONTACT: Gencor Industries, Inc.
Jeanne Lyons, Corporate Secretary
407-290-6000