What caused GNTX's Q4 2024 earnings to miss forecasts?

Gentex's Q4 2024 earnings fell short of forecasts due to a combination of lower revenue and higher expenses: 1. **Revenue Shortfall**: The company's total revenue for the quarter was $541.64 million, which was significantly lower than the expected revenue. This shortfall of approximately $63 million contributed to the earnings miss. |code|Ticker|Name|Date|Revenue Surprise|Total Revenue|market_code| |---|---|---|---|---|---|---| |GNTX|GNTX.O|Gentex|2024 Q1|-7310000|5.90225211E8|185| |GNTX|GNTX.O|Gentex|2024 Q2|-5.008E7|5.72925778E8|185| |GNTX|GNTX.O|Gentex|2024 Q3|1.114E7|6.08525777E8|185| |GNTX|GNTX.O|Gentex|2024 Q4|-6.3E7|5.41637568E8|185| 2. **Higher Expenses**: Gentex experienced an increase in expenses during the quarter, which further impacted the net income. The company's net income for Q4 2024 was $404.5 million, representing a 4.2% decline from the previous year. The higher expenses, coupled with the reduced revenue, led to the earnings shortfall. In summary, Gentex's Q4 2024 earnings miss was primarily caused by a combination of lower-than-expected revenue and higher expenses.