At this time, I will review the quarterly results and I am pleased to report an all-time record quarter in terms of net sales, operating income and net income despite a volatile automotive environment. The company reported record first quarter 2012 net sales of $290.7 million, a 16% increase compared with net sales of $250.9 million in the first quarter of 2011.We also reported first quarter 2012 operating income of $65.5 million, a 9% increase compared with operating income of $60.1 million in the first quarter of 2011. We reported record first quarter 2012 net income of $46.3 million, a 9% increase compared with net income of $42.3 million in the first quarter of 2011. We reported record first quarter 2012 earnings per diluted share of $0.32 compared with $0.29 per share in the first quarter of 2011.
Gentex Management Discusses Q1 2012 Results - Earnings Call Transcript
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