Gentex Q4 Profit Surges, Results Beat View – Quick Facts

(RTTNews) – Gentex Corp. (GNTX), a provider of automotive products, reported Friday that its net income for the fourth quarter surged to $143.3 million or $0.58 per share from $99.5 million or $0.39 per share in the year-ago period.
Net sales for the quarter grew 19 percent to $529.9 million from $443.8 million in the same period last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.50 per share for the quarter on revenues of $482.97 million. Analysts’ estimates typically exclude special items.
Looking ahead to fiscal 2021, Gentex f