Gentex (NASDAQ:GNTX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$608.5m (up 5.7% from 3Q 2023).

• Net income: US$122.5m (up 19% from 3Q 2023).

• Profit margin: 20% (up from 18% in 3Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$0.54 (up from US$0.45 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Gentex Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are up 4.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Gentex's balance sheet health.

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