Gentex Cuts 2026 Gross-Margin Outlook After Third-Quarter Sales Fall
Photo: TokenPost
Gentex Corporation cut its 2026 gross-margin outlook after third-quarter sales declined 1.1% year over year, with customer issues and delayed launches contributing to a $35 million shortfall against its forecast. Net sales for the quarter ended Sept. 30 were $647.7 million, down from $655.2 million a year earlier. Adjusted diluted earnings per share, a non-GAAP measure, held at $0.47. Diluted earnings under generally accepted accounting principles (GAAP) were $0.43 per share, compared with $0.46 a year earlier. Sales came in about $35 million below Gentex's forecast at the start of the quarter.
Source: TokenPost
