Description

Gentex Corporation: Recent Expansion of Full Display Mirror (FDM) Adoption, Technological Advancements & New Product Launches! 

Gentex Corporation reported its financial results for the second quarter of 2024, revealing challenges in light vehicle production and sales. Net sales for the quarter were $572.9 million, a decrease from $583.5 million in the same period last year. The decline is attributed to a 3% drop in light vehicle production in North America, Europe, and Japan/Korea. Despite beginning the quarter with sales forecasts on target for April and May, a significant downturn in June led to revenues falling short by approximately $50 million, heavily influenced by reduced shipments to major customers.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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