Gentex Corp (GNTX) Reports In-Line Q3 EPS, Miss on Revenues; Lowers FY17 Revenue Guidance Below Consensus

Gentex Corp (NASDAQ: GNTX) reported Q3 EPS of $0.31, in-line with the analyst estimate of $0.31. Revenue for the quarter came in at $438.6 million versus the consensus estimate of $452.16 million.

3rd Quarter 2017 Summary

• Net sales growth of 2% quarter over quarter while North American light vehicle production declined 8% on a quarter over quarter basis.
• Gross Margin improvement of 130 basis points versus 2Q 2017
• Earnings per Diluted Share of $0.31
• 3.2 million shares repurchased during the quarter
• $10.0 million of debt repaid during the quarter

GUIDANCE:

Gentex Corp sees Q4 2017 revenue of $1.78-1.8 billion, versus the consensus of $1.81 billion.

For earnings history and earnings-related data on Gentex Corp (GNTX) click here.

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