Gentex Corp (GNTX) Reports In-Line Q1 EPS

Gentex Corp (NASDAQ: GNTX) reported Q1 EPS of $0.28, in-line with the analyst estimate of $0.28. Revenue for the quarter came in at $405.6 million versus the consensus estimate of $404.62 million.

Future Estimates

The Company's forecasts for light vehicle production for the second quarter and calendar year 2016 are based on the IHS Automotive April 2016 forecast for light vehicle production in North America, Europe, Japan and Korea.

Light Vehicle Production (per IHS Automotive April light vehicle production

                                  forecast)

                               (in Millions)



                                         %      Calendar  Calendar     %

Region                Q2 2016 Q2 2015  Change  Year 2016  Year 2015  Change

                      ------- ------- -------  --------- ---------- -------

North America            4.76    4.53       5%     18.22      17.50       4%

Europe                   5.68    5.47       4%     21.32      20.90       2%

Japan and Korea          3.31    3.24       2%     13.31      13.25      --%

                      ------- ------- -------  --------- ---------- -------

Total Light Vehicle

 Production             13.75   13.24       4%     52.85      51.65       2%

Based on the April 2016 IHS production forecast, current forecasted product mix and expense growth estimates, the Company is making no changes to its previous estimates for calendar year 2016 or 2017.

For earnings history and earnings-related data on Gentex Corp (GNTX) click here.

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