Gentex Q2 Profit Rises - Quick Facts

(RTTNews) - Gentex Corp. (GNTX) reported second-quarter net income of $52.1 million or $0.36 per share, compared to $40.8 million or $0.28 per share, last year.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit of $0.32 per share for the quarter. Analysts' estimates typically exclude special items.

The gross profit margin in the second quarter of 2013 was 35.8%, up from gross profit margin of 33.1% in the second quarter of 2012, primarily due to the impact of product mix and purchasing cost reductions, partially offset by annual customer price reductions, the company said.

Net sales were $287.0 million, up 2.4% from $280.3 million, last year. Analysts expected revenue of $274.52 million for the quarter.