Gentex Reports Fourth Quarter and Year End 2019 Financial Results
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Gentex Corp (GNTX) Tops Q4 EPS by 2c, Revenues Beat; Offers FY20 Revenue Guidance
January 31, 2020 8:03 AM ESTGentex Corp (NASDAQ: GNTX) reported Q4 EPS of $0.39, $0.02 better than the analyst estimate of $0.37. Revenue for the quarter came in at $443.8 million versus the consensus estimate of $442.83 million.
Fourth Quarter and Calendar Year 2019 Highlights
Full Display Mirror® unit shipments increased 89% for calendar year 2019 to 739,000 unitsRevenue for the fourth quarter of 2019 declined 2% versus the fourth quarter of 2018, primarily impacted by the strike at General Motors which created a 5% revenue headwind in the quarter, and global light vehicle production that declined approximately 5% versus the same quarter last yearGross profit margin of 36.5% for the... More