Gentex's Q3 Performance Defies Auto Industry Headwinds, Trims 2024 Outlook

Fire protection company Gentex Corporation (NASDAQ:GNTX) shares are trading higher after the company reported third-quarter earnings per share of 53 cents, beating the street view of 49 cents.

Quarterly revenues of $608.53 million, beating the analyst consensus of $592.14 million.

For the third quarter, the gross margin was 33.5% versus 33.2% a year ago due to the higher revenue levels and purchasing cost reductions.

Operating income was reported at $125.7 million, while net income totaled $122.5 million, marking a 17% increase year over year.

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