Gentex reports record Q1 2024 sales of $590.2M, EPS $0.47, up 12% YoY

GENTEX CORP

2024-Q1 EPS reported $0.47 revenue$590,225,211

Net sales $590.2M (record, +7% YoY); gross margin 34.3% (+260 bps YoY).
EPS $0.47 (+12% YoY); net income $108.2M (+11% YoY).
Automotive mirror shipments -2% vs market production -3%; content growth drove outperformance.
FY 2024 revenue guidance unchanged at $2.45-2.55B; gross margin 34-35%.
Repurchased 1.2M shares at avg $35.84; 14.7M remaining under buyback.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GENTEX CORP reported first quarter ended March 31, 2024 results: revenue $590.2 million, net income $108.2 million, EPS $0.47.

Period: first quarter ended March 31, 2024
Revenue: $590.2 million
Net income: $108.2 million
EPS: $0.47
Result: reported results

Exact text from the filing

car, dimmable glass and fire protection technologies, today reported financial results for the three months ended March 31, 2024. 1st Quarter 2024 Summary • Net sales of $590.2 million, a new quarterly sales record, and a 7% increase compared to the first quarter of 2023 • Gross profit margin of 34.3%, an increase of 260 basis points from the first quarter of

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Source: SEC EDGAR

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