Gentex Trims FY21 Revenue Outlook - Quick Facts

(RTTNews) - While reporting financial results for the second quarter on Friday, automotive products firm Gentex Corp. (GNTX) trimmed its revenue guidance for the full-year 2021 to a range of $1.88 billion to $1.98 billion from the prior outlook range of $1.94 billion to $2.02 billion.

On average, ten analysts polled by Thomson Reuters expect the company to report revenues of $1.99 billion for the year.

The company also projects revenue of $970 million to $1.07 billion in the second half of fiscal 2021.

Looking ahead to fiscal 2022, Gentex said it now expects revenue to be 10 to 15 percent higher than the updated 2021 revenue estimates of $1.88 billion to $1.98 billion, up from the prior estimate for an 8 to 13 percent growth. The Street expects revenues of $2.21 billion for the year.