The economic lot scheduling problem (ELSP) is the challenge of accommodating several products to be produced on a single machine in a cyclical pattern. A solution involves determining the repetitive production schedule for N products with a goal of minimizing the total of setup and holding costs. We develop the genetic lot scheduling procedure. This method combines an extended solution structure with a new item scheduling approach, allowing a greater number of potential schedules to be considered while being the first to explicitly state the assignment of products to periods as part of the solution structure. We maintain efficient solution feasibility determination, a problematic part of ELSP solution generation and a weakness of several other methods, by employing simple but effective sequencing rules that create ‘nested’ schedules. We create a binary chromosomal representation of the new problem formulation and utilize a genetic algorithm to efficiently search for low cost ELSP solutions. The procedure is applied to a benchmark problem suite from the literature, including Bomberger's stamping problem, a problem that has been under investigation since the mid 1960s. The genetic lot scheduling procedure produces impressive results, including the best solutions obtained to date on some problems.