Gentex Corp (GNTX) Misses Q2 EPS by 14c, Revenues Miss

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Go back to Gentex Corp (GNTX) Misses Q2 EPS by 14c, Revenues Miss

Gentex Reports Second Quarter 2020 Financial Results

July 24, 2020 8:00 AM EDT

ZEELAND, Mich., July 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 and six months ended June 30, 2020.

2nd Quarter 2020 Summary

Net Sales decline of 51% quarter over quarter despite a 69% and 62% quarter over quarter decline in light vehicle production in North America and Europe, respectively.Severance related costs of $8.8 million recognized during the quarter in order to achieve an... More