Gentex Narrows FY Revenue Guidance

(RTTNews) - Gentex Corp. (GNTX) said it raised the bottom of the range and narrowed its full year 2019 revenue guidance to be between $1.87 and $1.90 billion from the prior range of $1.83 billion- $1.93 billion. Analysts polled by Thomson Reuters expect the company to report revenues of $1.87 billion for 2019. Analysts' estimates typically exclude special items.

Based on 2020 light vehicle production forecasts and current forecasted product mix, the company said it is making no changes to its previously announced revenue estimates for calendar year 2020, which continues to be estimated to be over and above the foregoing 2019 revenue estimates in the range of 3% - 8%.