Gentex reports Q2 adjusted EPS 47c, consensus 39c

Reports Q2 revenue $657.9M, consensus $621.18M. Given the overall weak light vehicle production in our primary regions, we are very pleased with our sales levels this quarter,” said Gentex (GNTX) President and CEO, Steve Downing. “This is particularly notable given the impact that tariffs and counter-tariffs have had on demand for our products, especially in the China market. Overall sales into China for Gentex during the quarter were approximately $33 million compared to our beginning-of-year forecast of $50 to $60 million for second quarter sales into the domestic China market. Despite revenue headwinds related to tariffs and reduced sales into the China market, the Company more than offset these challenges through strong growth in Full Display Mirror and other advanced features, along with incremental revenue from the VOXX acquisition.”