Gentex’s net sales for fourth quarter ended 31 December 2014 were up 7.23% to US$350.41m compared with $326.77m in the same period in 2013.
The company’s income from operations for the period was up 3.12% to $98.62m compared with $95.64m in the year ago period. Its income before income taxes declined marginally to $104.02m compared with $104.14m. The company’s net income for the period was up 1.57% to $70.97m compared with $69.88m.
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The company’s net sales for the full year was up 17.38% to $1.38bn compared with $1.17bn in 2013. The company’s income from operations for the period was up 30.88% to $398.83m compared with $304.74m in the year ago period. Its income before income taxes was up 26.60% to $415.33m from $328.06m. The company’s net income rose 29.46% to $288.60m compared with $222.93m.
