Gentex Corp. Announces Gain In Q2 Bottom Line

Gentex Corp. (GNTX) revealed a profit for its second quarter that increased from last year.

The company’s profit totaled $109.02 million, or $0.40 per share. This compares with $88.54 million, or $0.31 per share, in last year’s second quarter.

Analysts had expected the company to earn $0.40 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 2.7% to $454.98 million from $443.14 million last year.

Gentex Corp. earnings at a glance:

-Earnings (Q2): $109.02 Mln. vs. $88.54 Mln. last year.
-EPS (Q2): $0.40 vs. $0.31 last year.
-Analysts Estimate: $0.40
-Revenue (Q2): $454.98 Mln vs. $443.14 Mln last year.

Full year revenue guidance: $1.88 – $1.91 Bln

by RTTNews Staff Writer

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