Gentex Reports Second Quarter 2018 Financial Results
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Gentex Corp (GNTX) Reports In-Line Q2 EPS, Miss on Revenues; Lowers FY18 Revenue Guidance
July 20, 2018 8:04 AM EDTGentex Corp (NASDAQ: GNTX) reported Q2 EPS of $0.40, in-line with the analyst estimate of $0.40. Revenue for the quarter came in at $455 million versus the consensus estimate of $467.5 million.
2nd Quarter 2018 Summary
Net sales growth of 3% quarter over quarter
Gross Margin increased from the first quarter of 2018 by 90 basis pointsNet Income increased 23% quarter over quarterEarnings per Diluted Share increased 29% quarter over quarter to $0.40 per share6.3 million shares repurchased during the quarter at an average price of $23.33 per share$26.9 million of debt repaid during the... More