Gentex Reaffirms FY2023 Sales Guidance Of $2.20B-$2.30B Vs. $2.25B Estimate
Author: Benzinga Newsdesk | October 27, 2023 08:05am
Based on this light vehicle production forecast, the Company is updating certain previously provided guidance estimates for calendar year 2023 as shown in the table below.
| 2023 Annual Guidance |
| Item |
Guidance as of 7/28//23 |
Updated Guidance 10/27//23 |
| Revenue |
$2.2 - $2.3 billion |
No change |
| Gross Margin |
32.5% - 33% |
No change |
| Operating Expenses |
$260 -$270 million |
No change |
| Tax Rate |
15% - 16% |
15% - 15.5% |
| Capital Expenditures |
$200 - $225 million |
$200 - $215 million |
| Depreciation & Amortization |
$100 - $110 million |
$95 -$100 million |
Posted In: GNTX
