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Stock impact report

Gentex Reports Third Quarter 2024 Financial Results

Gentex Corporation (GNTX) 
Last gentex corporation earnings: 4/24 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.gentex.com/investor-relations
Company Research Source: GlobeNewswire
ZEELAND, Mich., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and nine months ended September 30, 2024. 3rd Quarter 2024 Summary Net sales of $608.5 million, a new quarterly sales record, and a 6% increase compared to the third quarter of 2023, versus light vehicle production that was down 6% quarter over quarter in the Company's primary marketsGross profit margin of 33.5%, an increase of 60 basis points from the second quarter of 2024Income from operations of $125.7 millionNet income of $122.5 million, an increase of 17% from the third quarter of 2023Earnings per diluted share of $0.53, an increase of 18% from the third quarter of 20233.2 million shares repurchased during the quarter For the third quarter of 2024, the Company reported net sales of $608.5 million, compared to net sales of $575.8 million in the Show less Read more
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