India, July 24 -- Gentex Corp. (GNTX), an automotive supplier specializing in automatic-dimming mirrors and electronics, on Friday reported higher second-quarter earnings despite a slight decline in sales, mainly helped by lower severance costs.
Net income attributable to Gentex increased to $114.69 million or $0.54 per share from $96.04 million or $0.43 per share a year earlier as severance expenses declined to $0.36 million from $6.78 million.
Excluding one-time items, adjusted earnings grew to $122.86 million or $0.58 per share from $110.89 million or $0.50 per share in the prior-year quarter.
Operating income rose to $141.34 million from $118.52 million last year. Adjusted operating income increased to $141.70 million from $130.28 mi...