Gentex Corp.’s gross sales and revenue margin grew within the first quarter of 2021 regardless of automobile manufacturing ranges taking a success due to shortages of electronics and different components.

The Zeeland, Mich., provider of dimmable rearview mirrors, digital imaginative and prescient and different digital elements posted web earnings of $113.5 million for the primary quarter, a 27 % bump from the identical interval a 12 months earlier.

That was pushed by a quarter-over-quarter enhance in gross sales, an improved product combine, larger gross margins and the results of cost-saving constructions put in place within the second quarter of 2020, in line with Gentex.

The components shortages prompted North American light-vehicle manufacturing ranges to drop by 12 % within the quarter, Gentex mentioned. Manufacturing ranges within the European, Japanese and Korean markets have been additionally affected. The corporate indicated the shortages and modifications to manufacturing that resulted from them decreased income by about $45 million in the course of the quarter.

Gentex mentioned the primary quarter of 2021 nonetheless was the second-highest gross sales quarter in firm historical past — behind solely the fourth quarter of 2020.

“The chaos created this quarter by part shortages, freight points, in addition to buyer plant shutdowns and order modifications made scheduling very troublesome, however the crew at Gentex was capable of not solely sustain with our clients’ orders but in addition enhance gross margins … versus the primary quarter of final 12 months,” Gentex CEO Steve Downing mentioned in a release.

Downing mentioned Gentex’s first-quarter gross margin — about 38 % — was under the corporate’s annual steering vary.

Web gross sales for the primary quarter have been $483.7 million, a 7 % enhance from the year-earlier interval.

Complete world mirror shipments improved 13 % within the quarter to 11.8 million items.

Working earnings within the first quarter was $133.7 million, in contrast with working earnings of $105 million within the year-earlier interval.

Gentex ranks No. 91 on the Automotive News checklist of the highest 100 world suppliers, with worldwide components gross sales to automakers of $1.81 billion in 2019.