Gentex Corporation Provides Earnings Guidance for the Year 2024 and 2025 and Production Guidance for the Second Quarter of 2024, and Full Years 2024 and 2025
April 26, 2024 at 01:00 pm
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Gentex Corporation provided earnings guidance for the year 2024 and 2025 and production guidance for the second quarter of 2024, and full years 2024 and 2025. For the quarter, the company estimates Total Light Vehicle Production to be 19.21 Millions.
For the full year 2024, the company estimates Total Light Vehicle Production to be 75.38 million.
For the full year 2025, the company estimates Total Light Vehicle Production to be 76.59 million.
Based on this light vehicle production forecast and actual results for the first quarter of 2024, the Company is making no changes to its previously provided guidance for calendar year 2024. For the year, the company expects revenue to be in the range of $2.45 - $2.55 billion.
Additionally, based on the Company?s current forecast for light vehicle production for calendar year 2025, the Company still expects calendar year 2025 revenue of approximately $2.65 - $2.75 billion.
Gentex Corporation is a designer, developer, manufacturer, marketer, and supplier of digital vision, connected car, dimmable glass, and fire protection products. The Company provides automatic-dimming and non-automatic-dimming rearview mirrors and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry. The Company's business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize proprietary electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. Within this business segment, the Company also designs, develops and manufactures various electronics that are value added features to the interior and exterior automotive rearview mirrors as well as electronics for interior visors, and overhead consoles.
Gentex Corporation Provides Earnings Guidance for the Year 2024 and 2025 and Production Guidance for the Second Quarter of 2024, and Full Years 2024 and 2025