Gentex lowers forecast amid tariff-related market uncertainty

Gentex lowers forecast amid tariff-related market uncertainty

ZEELAND, Mich. (WOOD) — Gentex Corp. reported lower first-quarter earnings Friday as tariff uncertainty and weak vehicle production trim levels weighed on sales. The auto parts supplier posted net income of $94.9 million, down from $108.2 million a year earlier. Revenue fell 2% to $576.8 million as North American and European auto production declined 3% quarter over quarter. Earnings per share dropped 11% to 42 cents. Operating income slipped to…

Carter’s halts guidance amid tariff uncertainty and sees Q1 FY25 sales dip

North American apparel retailer Carter's has reported a net sales decrease of 4.8% to $629.83m in Q1 FY25.The post Carter’s halts guidance amid tariff uncertainty and sees Q1 FY25 sales dip appeared first on Retail Insight Network.