Gentex Corporation, the US-based manufacturer of automatic-dimming rearview mirrors, achieved record fourth quarter revenues of US$ 74.9 million, a 14% increase over the fourth quarter of 1999 when th…
Gentex Corporation, the US-based manufacturer of automatic-dimming rearview mirrors, achieved record fourth quarter revenues of US$ 74.9 million, a 14% increase over the fourth quarter of 1999 when the company reported revenues of US$ 65.5 million. Net income in the 2000 fourth quarter increased 4% to US$ 17.8 million, or 24 cents per share, compared with net income of US$ 17.2 million, or 23 cents per share in 1999. For the year ended 31 December 2000, Gentex reported record net income of US$ 70.5 million, or 93 cents per share, on a 13% increase in revenues to US$ 297.4 million. The company reported net income of US$ 64.9 million, or 86 cents per share, on revenues of US$ 262.1 million in 1999. Executive Vice President Kenneth La Grand attributed the positive year-over-year comparison to strong shipments of exterior mirror units for pick-ups and sport utility vehicles in North America, and overall strong unit shipments in Japan and Europe.