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Market Overview

Gentex: Q4 Earnings Insights

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Shares of Gentex (NASDAQ:GNTX) remained unaffected after the company reported Q4 results.

Quarterly Results

Earnings per share were up 48.72% over the past year to $0.58, which beat the estimate of $0.50.

Revenue of $529,864,000 higher by 19.38% year over year, which beat the estimate of $483,160,000.

Outlook

The upcoming fiscal year's revenue expected to be between $1,940,000,000 and $2,020,000,000.

Conference Call Details

Date: Jan 29, 2021

Time: 09:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/dqow5rdv

Technicals

Company's 52-week high was at $37.75

Company's 52-week low was at $19.48

Price action over last quarter: Up 16.70%

Company Description

Gentex was founded in 1974 to produce smoke-detection equipment. The company sold its first glare-control interior mirror in 1982 and its first model using electrochromic technology in 1987. Automotive revenue is about 97% of total revenue, and the company is constantly developing new applications for the technology to remain on top. Sales from 2019 totaled about $1.9 billion with 42.9 million mirrors shipped. The company is based in Zeeland, Michigan.

 

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Posted-In: BZI-RecapsEarnings News

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