Gentex's Q3 Performance Defies Auto Industry Headwinds, Trims 2024 Outlook [Yahoo! Finance]
Gentex Corporation (GNTX)
Last gentex corporation earnings: 4/24 08:00 am
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Source: Yahoo! Finance
Quarterly revenues of $608.53 million, beating the analyst consensus of $592.14 million. For the third quarter, the gross margin was 33.5% versus 33.2% a year ago due to the higher revenue levels and purchasing cost reductions. Operating income was reported at $125.7 million, while net income totaled $122.5 million, marking a 17% increase year over year. Global light vehicle production declined by 5% in the third quarter compared to the third quarter of 2023. Also Read: What's Going On With Spirit Airlines Stock Friday “During the third quarter of 2024, light vehicle production weakened across all major regions, but especially in our primary markets,” said Gentex President and CEO Steve Downing. “The production declines resulted in a sales shortfall of approximately $25 – $30 million for the quarter, but despite that weakness in our end markets, we were able to outperform our primary markets by 12%.” Outlook : Gentex has revised its fiscal year 2024 outlook, now expecti
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GNTX
News
- Gentex Co. (NASDAQ: GNTX) had its price target lowered by analysts at Guggenheim from $35.00 to $34.00. They now have a "buy" rating on the stock.MarketBeat
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- Gentex to Host Three Vehicle Unveils and Showcase Technology for Automotive OEMs, Race Teams, and the Aftermarket at SEMA 2024GlobeNewswire
GNTX
Earnings
- 10/25/24 - Beat
GNTX
Sec Filings
- 11/8/24 - Form SC
- 11/1/24 - Form 10-Q
- 10/25/24 - Form 8-K
- GNTX's page on the SEC website