Gentex Reports Fourth Quarter and Year End 2020 Financial Results
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Gentex Corp (GNTX) Tops Q4 EPS by 8c, Revenues Beat
January 29, 2021 8:02 AM ESTGentex Corp (NASDAQ: GNTX) reported Q4 EPS of $0.58, $0.08 better than the analyst estimate of $0.50. Revenue for the quarter came in at $529.86 million versus the consensus estimate of $483.16 million.
For the fourth quarter of 2020, the Company reported net sales of $529.9 million, an increase of 19% compared to net sales of $443.8 million for the fourth quarter of 2019. The increase in revenue on a quarter over quarter basis was due, in large part, to the 14% quarter over quarter increase in auto-dimming mirror unit shipments and strong advanced feature product mix. The growth in units was particularly... More
