The company issued new guidance along with its second-quarter results. For the second quarter, Gentex revenue was $455 million and $920.4 million for the first half. Both were up about 3 percent from a year ago.
CEO Steve Downing said in the statement those results were "just outside" Gentex's previously issued guidance. He said profit margins improved due to a richer product mix, and lower purchasing costs.
The company's updated guidance for full-year revenue was in a range from $1.88 billion to $1.91 billion. As of April 20, its previous guidance was $1.89 billion to $1.97 billion.