Gentex Corp (GNTX) Reports In-Line Q1 EPS, Revenues Beat; Lowers FY20 Revenue Guidance, Withdraws FY21 Revenue Outlook

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Go back to Gentex Corp (GNTX) Reports In-Line Q1 EPS, Revenues Beat; Lowers FY20 Revenue Guidance, Withdraws FY21 Revenue Outlook

Gentex Reports First Quarter 2020 Financial Results

April 24, 2020 8:00 AM EDT

ZEELAND, Mich., April 24, 2020 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three months ended March 31, 2020.

1st Quarter 2020 Summary

Net Sales decline of 3% quarter over quarter versus a 24% quarter over quarter reduction in global light vehicle production volumesNovel coronavirus pandemic (COVID-19) negatively impacted first quarter net sales by approximately 9%Gross margin of 34.5% for the first quarter7.0 million... More