Gentex Reports Third Quarter 2020 Financial Results
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Gentex Corp (GNTX) Tops Q3 EPS by 8c, Revenues Beat; Raises 2H20 Guidance, Projects FY21 Revenue Guidance Estimates 15-20% Above FY20 Revenues
October 23, 2020 8:06 AM EDTGentex Corp (NASDAQ: GNTX) reported Q3 EPS of $0.48, $0.08 better than the analyst estimate of $0.40. Revenue for the quarter came in at $474.6 million versus the consensus estimate of $451.25 million.
3rd Quarter 2020 Summary
Net Sales of $474.6 million, which is the second highest sales quarter in Company historyGross margin of 39.7%, which represents a 200 basis point improvement over the third quarter of 2019Earnings per Diluted Share of $0.48; a 9% increase when compared to the third quarter of 2019Cash flow from Operations of $138.6 million in the quarter1.2 million shares repurchased during the... More