Gentex reports Q4 EPS 43c, consensus 43c

Reports Q4 revenue $644.4M, consensus $654.24M. “While core Gentex (GNTX) revenue was essentially flat compared to the fourth quarter of last year, our performance within our primary markets was notably stronger. Revenue in these regions grew approximately 3% quarter-over-quarter, compared to a 2% decline in light-vehicle production, representing a five-point outperformance relative to the underlying market. Sales into China totaled approximately $34.5 million for the quarter despite the impact from tariffs and counter-tariffs that have impacted our exports into the China market. In addition, VOXX delivered over $100 million in revenue in large part due to seasonal sales that contributed significantly to our strong revenue performance during the quarter.” said Steve Downing, President and CEO of Gentex Corporation.