NASDAQ$GNTX
Gentex Corporation · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Gentex's financial performance increased in Q1 2021, driven by sales growth and improved gross margins.
Gentex Corporation reported a 7% increase in net sales, reaching $483.7 million, and a 27% increase in net income to $113.5 million for the first quarter of 2021. Earnings per diluted share rose by 28% to $0.46. The results were achieved despite part shortages that negatively impacted vehicle production levels.
- Net sales increased by 7% to $483.7 million compared to Q1 2020.
- Gross profit margin improved by 340 basis points to 37.9% compared to Q1 2020.
- Net income increased by 27% to $113.5 million compared to Q1 2020.
- Earnings per diluted share increased by 28% to $0.46 compared to Q1 2020.
Headline financials
Revenue & EPS history
Gentex · Revenue · Quarterly
$484M
Revenue by segment
Gentex · $9.4M total across 1 segment · Q2 2023
- Other Net Sales$9.4M-10.5%100.0%
Forward guidance
The Company is making no changes to its previously provided guidance for calendar year 2021. Revenue is expected to be $1.94 - $2.02 billion, gross margin 39% - 40%, operating expenses $210 - $220 million, tax rate 16% - 18%, capital expenditures $85 - $95 million, and depreciation & amortization $105 - $110 million.
Tailwinds
- Forecast for calendar year 2021 remains strong despite the supply chain issues.
- Industry dynamics currently point to improved light vehicle production for the second half of 2021.
- Continued recovery of light vehicle production into calendar year 2022 is expected.
- Combination of launch cadence, product mix and overall program awards provide confidence about the future growth rate and health of the business.
- Employees have been able to adapt to each situation.
Headwinds
- Supply chain issues are continuing to impact the current vehicle production environment.
- These issues create instability in the short term.
- The Company estimates an impact in 2021 of approximately $7 - $10 million in incremental expense if tariffs go into effect on June 1, 2021.
- Significant uncertainty regarding macroeconomic conditions.
- Continued impact from the COVID-19 pandemic.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.9%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+0.6%
Avg return
30 days after
45%
31 / 69 earnings
Positive
+11.4%
Q2 2019
Best reaction
-29.1%
Q2 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.7% | -0.6% | +3.5% | |
| Q4 2025 | -4.3% | +3.4% | -2.7% | |
| Q3 2025 | -10.2% | -9.8% | -14.8% | |
| Q2 2025 | -0.5% | -0.5% | +2.2% | |
| Q1 2025 | -2.8% | -0.9% | -1.6% | |
| Q4 2024 | -8.2% | -10.3% | -13.8% | |
| Q3 2024 | +5.5% | +4.9% | +2.5% | |
| Q2 2024 | -3.7% | -4.6% | -4.1% | |
| Q1 2024 | +0.6% | -2.0% | -0.8% | |
| Q4 2023 | +5.8% | +4.1% | +13.3% | |
| Q3 2023 | -6.7% | -4.3% | +2.8% | |
| Q2 2023 | +5.8% | +6.1% | +0.7% | |
| Q1 2023 | +5.8% | +4.6% | +2.4% | |
| Q4 2022 | -3.0% | +1.7% | -2.4% | |
| Q3 2022 | +3.4% | +0.4% | +12.2% | |
| Q2 2022 | -7.5% | -5.2% | -2.4% | |
| Q1 2022 | +6.8% | +3.5% | +4.3% | |
| Q4 2021 | +0.4% | +2.5% | -3.4% | |
| Q3 2021 | -5.3% | -4.4% | -0.6% | |
| Q2 2021 | +1.3% | +4.2% | -1.7% | |
| Q1 2021 | -0.4% | +0.4% | -2.5% | |
| Q4 2020 | +1.3% | +3.3% | +5.5% | |
| Q3 2020 | +0.7% | -4.0% | +11.7% | |
| Q2 2020 | +2.4% | +4.9% | +2.0% | |
| Q1 2020 | +5.1% | +7.6% | +9.9% | |
| Q4 2019 | -4.0% | -2.0% | -13.7% | |
| Q3 2019 | -0.4% | +1.3% | +3.2% | |
| Q2 2019 | +11.4% | +15.0% | +12.1% | |
| Q1 2019 | +3.0% | +4.6% | -0.6% | |
| Q4 2018 | -8.0% | -9.0% | -11.0% | |
| Q3 2018 | +10.0% | +7.6% | +20.9% | |
| Q2 2018 | -3.8% | -5.0% | +3.3% | |
| Q1 2018 | -6.2% | -2.8% | +1.6% | |
| Q4 2017 | +2.5% | +3.5% | +2.6% | |
| Q3 2017 | -8.5% | -8.1% | -7.8% | |
| Q2 2017 | -9.2% | -7.4% | -8.3% | |
| Q1 2017 | -1.3% | -0.7% | -9.2% | |
| Q4 2016 | -3.4% | -4.7% | -3.6% | |
| Q3 2016 | -2.4% | -3.8% | +3.3% | |
| Q2 2016 | +7.8% | +11.3% | +10.1% | |
| Q1 2016 | +0.2% | — | — | |
| Q4 2015 | +2.6% | — | — | |
| Q3 2015 | -0.1% | — | — | |
| Q2 2015 | -1.8% | — | — | |
| Q1 2015 | -0.3% | — | — | |
| Q4 2014 | -4.4% | — | — | |
| Q3 2014 | +9.3% | — | — | |
| Q2 2014 | +2.0% | — | — | |
| Q1 2014 | +1.1% | — | — | |
| Q4 2013 | -1.9% | — | — | |
| Q3 2013 | +10.4% | — | — | |
| Q2 2013 | -5.0% | — | — | |
| Q1 2013 | +4.1% | — | — | |
| Q4 2012 | +3.0% | — | — | |
| Q3 2012 | -3.4% | — | — | |
| Q2 2012 | -29.1% | — | — | |
| Q1 2012 | -16.4% | — | — | |
| Q4 2011 | -1.4% | — | — | |
| Q3 2011 | +0.7% | — | — | |
| Q2 2011 | -8.1% | — | — | |
| Q1 2010 | -1.2% | — | — | |
| Q1 2011 | +2.6% | — | — | |
| Q4 2010 | -4.8% | — | — | |
| Q3 2010 | +2.8% | — | — | |
| Q3 2009 | +2.8% | — | — | |
| Q2 2010 | -1.9% | — | — | |
| Q4 2008 | -1.9% | — | — | |
| Q2 2009 | -1.9% | — | — | |
| Q4 2009 | -1.9% | — | — |
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