Gentex Reports Third Quarter 2019 Financial Results
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Gentex Corp (GNTX) Tops Q3 EPS by 2c, Revenues Beat; Lowers FY19 Revenue Outlook Below Consensus
October 18, 2019 8:02 AM EDTGentex Corp (NASDAQ: GNTX) reported Q3 EPS of $0.44, $0.02 better than the analyst estimate of $0.42. Revenue for the quarter came in at $477.8 million versus the consensus estimate of $475.62 million.
3rd Quarter 2019 Summary
Net Sales growth of 4% quarter over quarter versus a 3% quarter over quarter reduction in global light vehicle production volumesGM strike negatively impacted quarterly net sales by approximately 2%Gross margin of 37.7% includes tariff impact of 110 basis pointsQuarter over quarter earnings per diluted share growth of 5% to $0.443.6 million shares repurchased during the quarter"For... More