Gentex's Q1 Earnings Meet Estimates, Revenues Decline Y/Y

Gentex Corporation’s (GNTX) first-quarter 2025 adjusted earnings per share (EPS) of 43 cents matched the Zacks Consensus Estimate but decreased 8.5% year over year.This Zeeland-based automotive products supplier reported net sales of $576.8 million, which missed the Zacks Consensus Estimate of$587 million and fell 2.3% from the year-ago period. The company recorded a gross margin of 33.2%, reflecting a decline of 110 basis points from the first quarter of 2024 due to lower sales, an unfavorable product mix ...