Gentex Corp (GNTX) Tops Q1 EPS by 2c

Gentex Corp (NASDAQ: GNTX) reported Q1 EPS of $0.33, $0.02 better than the analyst estimate of $0.31. Revenue for the quarter came in at $453.5 million versus the consensus estimate of $444.5 million.

• Net sales growth of 12% compared to 3% growth in relevant light vehicle production
• Income from Operations increased by 11%
• Discrete item tax reductions of $5.6 million
• Net Income increased by 22%
• Earnings per Diluted Share increased by 18% to $0.33 per diluted share
• 1.5 million shares repurchased during the quarter
• $41.9 million of debt repaid during the quarter

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

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