Gentex Q3 Earnings Surpass Expectations, Guidance Revised

Gentex Corporation's (GNTX) third-quarter 2024 earnings per share (EPS) of 53 cents beat the Zacks Consensus Estimate of 50 cents and increased 18% year over year. This Zeeland-based automotive products supplier reported net sales of $609 million, which missed the Zacks Consensus Estimate of$611 million but rose 6% from the year-ago period. The company recorded a gross margin of 33.5%, reflecting a rise of 30 basis points from the third quarter of 2023 due to higher sales and reduced purchasing costs. Stay ...