Gentex Corp (GNTX) Tops Q3 EPS by 8c, Revenues Beat; Raises 2H20 Guidance, Projects FY21 Revenue Guidance Estimates 15-20% Above FY20 Revenues

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Go back to Gentex Corp (GNTX) Tops Q3 EPS by 8c, Revenues Beat; Raises 2H20 Guidance, Projects FY21 Revenue Guidance Estimates 15-20% Above FY20 Revenues

Gentex Reports Third Quarter 2020 Financial Results

October 23, 2020 8:00 AM EDT

ZEELAND, Mich., Oct. 23, 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 nine months ended September 30, 2020.

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... More