Gentex (NASDAQ:GNTX) Full Year 2024 Results
Key Financial Results
- Revenue: US$2.31b (flat on FY 2023).
- Net income: US$398.9m (down 5.5% from FY 2023).
- Profit margin: 17% (down from 18% in FY 2023).
- EPS: US$1.77 (down from US$1.84 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Gentex Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 5.7%.
The primary driver behind last 12 months revenue was the Automotive Products segment contributing a total revenue of US$2.26b (98% of total revenue). Notably, cost of sales worth US$1.54b amounted to 67% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to US$181.5m (49% of total expenses). Explore how GNTX's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Auto Components industry in the US.
Performance of the American Auto Components industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Gentex's balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:GNTX
Gentex
Designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, China, Germany, Japan, Mexico, the Republic of Korea, and internationally.
Flawless balance sheet, undervalued and pays a dividend.
