Gentex Reports Second Quarter Financial Results: Company Seeing Signs of Improvement
The company’s revenues increased by 25 percent on a sequential, quarter-to-quarter basis, from $93.8 million in the first quarter of 2009 to $117.3 million in the second quarter of 2009.
Gentex Reports Fourth Quarter Results
For the fourth quarter of 2008, the company’s net sales declined by 28 percent to $122.3 million compared with $170.7 million in the fourth quarter of 2007.
Gentex Revises Guidance for the Fourth Quarter; Also Announces a Reduction in Its Workforce
CSM Worldwide’s forecast for light vehicle production in calendar year 2009 continues to worsen on a monthly basis, according to Gentex.
Gentex Revises Top Line Growth Estimates for Third Quarter of 2008
Gentex Corp. has revised its prior estimate for top line growth for the third quarter ended Sept. 30. In the company’s second quarter news release on July 22, the company had estimated that its top line growth for the third quarter of 2008 and balance of the year would be approximately 10 percent higher than the revenues reported for those same periods in 2007, based on the mid-July light vehicle production forecast of CSM Worldwide.
Gentex Reports Record Second Quarter Revenues
Gentex Corp., the Zeeland, Mich.-based manufacturer of automatic-dimming rearview mirrors and commercial fire protection products, has reported record second quarter revenues for the quarter ended June 30. The company also announced that it repurchased approximately 1.2 million shares of its stock during the second quarter of 2008.
Gentex Mirrors Featured on New Jaguar
ZEELAND, MI — Gentex Corp. has announced that it is supplying auto-dimming interior and exterior rearview mirrors for the 2008/2009 Jaguar XF. The XF was launched in Europe and will be introduced later in 2008 to the North American market. The new Jaguar will feature a three-mirror auto-dimming system. Interior and exterior auto-dimming mirrors will
Gentex Reports Record Fourth Quarter Results
ZEELAND, MI — Gentex Corp. has reported record sales and net income for the fourth quarter ended Dec. 31. The company also announced that it repurchased approximately 1.2 million shares during the fourth quarter of 2006 under a previously authorized and announced share repurchase plan. In addition, the company announced that it has developed and
Gentex Reports Record Increase in Net Sales for Third Quarter
ZEELAND, MI — Gentex Corp. has reported financial results for the third quarter ended Sept. 30. The company also announced that it repurchased approximately 4 million shares during the third quarter of 2006 under a previously authorized and announced share repurchase plan. The company’s net sales increased by 2 percent from $138.1 million in the
Gentex Reports Second Quarter Results
Zeeland, MI-based Gentex Corp. has reported financial results for the second quarter, which ended June 30. The company’s net sales increased by 8 percent from $132.4 million in the second quarter of 2005 to a record $142.4 million in the second quarter of 2006. Second quarter net income increased by 5 percent to $27.2 million compared with $26 million in the second quarter last year. Earnings per diluted share were 18 cents in the second quarter of 2006 compared with 17 cents in the second quarter of 2005.
Gentex Performs Despite Management Uncertainty
The first quarter of 2006 has been a bit tumultuous for Gentex Corp., the lakeshore manufacturer of automotive mirrors and fire suppression systems. In January, the value of the company’s stock dropped by 18 percent, reacting to weaker-than-expected results in the final quarter of 2005. In March, longtime CFO Enoch Jen announced that he would retire at the end of this year. In April, another key member of the company’s leadership announced his departure. Now, instead of smoothly transitioning out of the company, Jen faces increased responsibilities.