Gentex Corp. (GNTX) said that it now expects net sales for fiscal year 2017 to be in the range of $1.79 billion - $1.83 billion, compared to prior outlook of $1.78 billion - $1.85 billion. Analysts polled by Thomson Reuters expect the company to report revenues of $1.81 billion for fiscal year 2017. Analysts' estimates typically exclude special items.
Based on the July 2017 IHS light vehicle production forecast and current forecasted product mix for the 3rd and 4th quarter 2017, the Company currently expects revenues in the second half of calendar year 2017 to increase between 6% and 10% when compared with the 3rd and 4th quarters of calendar year 2016, with the 3rd quarter of 2017 expected to be at or around the lower end of the range and the 4th quarter of 2017 expected to be at or around the higher end of the range.
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