Gentex Reports First Quarter 2021 Financial Results

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Go back to Gentex Reports First Quarter 2021 Financial Results

Gentex Corp (GNTX) Misses Q1 EPS by 3c, Revenues Miss

April 23, 2021 8:04 AM EDT

Gentex Corp (NASDAQ: GNTX) reported Q1 EPS of $0.46, $0.03 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $483.7 million versus the consensus estimate of $491.21 million.

1st Quarter 2021 Summary

Net sales of $483.7 million, a 7% increase compared to the first quarter of 2020Gross profit margin of 37.9%, a 340 basis point improvement over the first quarter of 2020Net income of $113.5 million, a 27% increase compared to the first quarter of 2020Earnings per diluted share of $0.46, a 28% increase compared to the first quarter of 20202.8 million shares... More