Gentex Corp (GNTX) Reports In-Line Q3 EPS, Trims FY Revenue Guidance
Gentex Corp (NASDAQ: GNTX) reported Q3 EPS of $0.42, in-line with the analyst estimate of $0.42. Revenue for the quarter came in at $460.3 million versus the consensus estimate of $467.94 million.
GUIDANCE:
Gentex Corp sees FY2018 revenue of $1.854-1.872 billion, versus the consensus of $1.88 billion.
| 2018 Calendar Year Guidance | ||
| Annual Guidance | ||
| Item | As of 7/20/18 | Updated as of 10/19/18 |
| Net Sales | $1.88 - $1.91 billion | $1.854 - $1.872 billion |
| Gross Margin (includes additional tariff costs) | 37.5% - 38.5% | 37.5% - 38.0% |
| Operating Expenses (E,R&D and S,G&A) | $180 - $185 million | no change |
| Tax Rate (excluding discrete items) | 15 - 18% | no change |
| Capital Expenditures | $110 - $120 million | $95 - $105 million |
| Depreciation & Amortization | $105 - $115 million | $105 - $110 million |
For earnings history and earnings-related data on Gentex Corp (GNTX) click here.