For the transition period from to Commission File Number: 0-10235 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or Michigan 38-2030505 (I.R.S. Employer Identification No.) Michigan 49464 (616) 772-1800 GENTEX CORPORATION (Exact name of reg ...

Financial Data and Key Metrics Changes - Consolidated net sales for Q2 2025 were $657.9 million, a 15% increase year-over-year. Core Gentex revenue was $579 million, reflecting a 1% growth despite a 2% decline in light vehicle production [6][10] - Consolidated gross margin improved to 34.2% from 32.9% in the same quarter last year, while core Gentex gross margin rose to 35.3%, a 240 basis point improvement [7][10] - Consolidated net income increased by 12% to $96 million, with adjusted net income rising 23% to $105.8 million [10] Business Line Data and Key Metrics Changes - Gentex Automotive net sales were $566.5 million, impacted by lower-than-expected sales in China but offset by increased advanced feature mirror sales [11] - Revenue from other product lines, including dimmable aircraft windows and fire protection devices, decreased to $12.5 million from $13.6 million year-over-year [11] Market Data and Key Metrics Changes - Sales into China were approximately $33 million, significantly below the forecast of $50 million to $60 million due to tariffs and reduced demand [6][10] - The company expects light vehicle production in primary markets to decline by approximately 3% year-over-year for 2025, with North American production projected to fall by about 4% [25][26] Company Strategy and Development Direction - The company completed the acquisition of VOXX on April 1, focusing on aligning product strategies and optimizing customer relationships [5][11] - Gentex is committed to advancing its Full Display Mirror technology and investing in next-generation camera and display technologies [20][24] - The launch of the PLACE product line marks a significant milestone in expanding Gentex's presence in the smart home market [23][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the China market due to tariffs and decreasing OEM profitability, leading to decontenting of features [38][82] - The company revised its full-year 2025 revenue guidance to a range of $2.44 billion to $2.61 billion, reflecting the impact of tariffs and the VOXX acquisition [26][27] - Management expressed optimism about margin improvement initiatives and operational efficiencies, targeting a long-term gross margin of 35% to 36% [29][90] Other Important Information - The company repurchased 5.7 million shares at an average price of $22.13 per share during the quarter, with a total of 8.8 million shares repurchased year-to-date [12] - Cash and cash equivalents decreased to $119.8 million from $233.3 million at year-end, primarily due to the VOXX acquisition and share repurchases [14] Q&A Session Summary Question: Insights on gross margin improvement - Management noted that gross margin improvements are a result of internal efforts and operational efficiencies, with expectations for continued positive trends in the second half of the year [33][34] Question: Strategic outlook for the China market - The biggest challenge in China is the impact of counter tariffs, leading to reduced sales and decontenting by OEMs [36][38] Question: Updates on larger devices and production timelines - Management is optimistic about bringing large area devices to production within the next 24 months, with potential for earlier timelines [40] Question: VOXX revenue and operational synergies - Management expects to achieve operational synergies and cost savings from the VOXX acquisition over the next 12 to 18 months [46] Question: Future margin expectations for VOXX - Management anticipates a 200 to 300 basis point improvement in VOXX's gross margin over the next two years [72] Question: Core Gentex mirror business production outlook - Management expects Q3 production to be similar to Q2, with potential softening in Q4 due to market conditions [55] Question: Factors affecting the China market recovery - Management identified decontenting as the primary reason for the lack of recovery in the China market, alongside local competition and existing inventory [82]

Core Insights - Gentex (GNTX) reported revenue of $657.86 million for Q2 2025, a year-over-year increase of 14.8% and an EPS of $0.47, up from $0.37 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $583.51 million by 12.74%, and the EPS also surpassed the consensus estimate of $0.40 by 17.5% [1] Financial Performance Metrics - Gentex's stock has returned +8% over the past month, outperforming the Zacks S&P 500 composite's +4.6% change [3] - The company holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3] Auto-Dimming Mirror Shipments - Total Interior Mirrors shipped: 7.53 million, exceeding the average estimate of 7.46 million [4] - Total Exterior Mirrors shipped: 4.04 million, below the average estimate of 4.34 million [4] - Total Auto-Dimming Mirror Units shipped: 11.58 million, slightly below the average estimate of 11.8 million [4] - North American Mirror Units shipped: 3.75 million, below the average estimate of 3.94 million [4] - International Exterior Mirrors shipped: 2.52 million, below the average estimate of 2.72 million [4] - North American Exterior Mirrors shipped: 1.52 million, below the average estimate of 1.63 million [4] - Total International Mirror Units shipped: 7.83 million, slightly below the average estimate of 7.86 million [4] - International Interior Mirrors shipped: 5.31 million, above the average estimate of 5.14 million [4] - North American Interior Mirrors shipped: 2.22 million, below the average estimate of 2.32 million [4] Revenue Breakdown - Revenue from Other products: $12.5 million, below the average estimate of $16.14 million, representing an 8.1% decrease year-over-year [4] - Revenue from Automotive Products: $566.5 million, slightly below the average estimate of $574.89 million, with a year-over-year increase of 1.3% [4]

Financial Data and Key Metrics Changes - Consolidated net sales for Q2 2025 were $657.9 million, a 15% increase year-over-year [6] - Core Gentex revenue was $579 million, reflecting a 1% growth despite a 2% decline in light vehicle production [6] - Consolidated gross margin improved to 34.2% from 32.9% in the previous year [7] - Consolidated net income increased by 12% to $96 million, with adjusted net income rising 23% to $105.8 million [11] - Earnings per share (EPS) rose 16% to $0.43, and adjusted EPS increased 27% to $0.47 [11] Business Line Data and Key Metrics Changes - Gentex Automotive net sales were $566.5 million, impacted by lower sales in China but offset by advanced feature mirror sales [12] - Revenue from other product lines decreased to $12.5 million from $13.6 million year-over-year [12] - VOXX contributed $78.8 million in net sales during the quarter [12] Market Data and Key Metrics Changes - Sales into China were approximately $33 million, significantly below the forecast of $50 million to $60 million [6] - The company anticipates a decline in light vehicle production in primary markets by approximately 1% in Q3 and 6% in Q4 [26] Company Strategy and Development Direction - The company completed the acquisition of VOXX and is focusing on aligning product strategies and optimizing customer relationships [5][12] - Gentex is committed to advancing Full Display Mirror technology and investing in next-generation camera and display technologies [21] - The launch of the PLACE product line marks a significant milestone in expanding Gentex's presence in the smart home market [24] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment remains challenging due to tariffs and reduced demand in China, but operational efficiencies are improving [30] - The company revised its full-year 2025 revenue guidance to between $2.44 billion and $2.61 billion, reflecting the impact of tariffs and the VOXX acquisition [27] - The effective tax rate is expected to be between 16% and 17%, up from previous estimates [28] Other Important Information - The company repurchased 5.7 million shares at an average price of $22.13 per share during the quarter [13] - Cash and cash equivalents decreased to $119.8 million from $233.3 million at year-end, primarily due to the VOXX acquisition and share repurchases [14] Q&A Session Summary Question: Insights on gross margin improvement - Management indicated that margin improvement efforts are showing positive results, with operational efficiencies contributing significantly [34][35] Question: Strategic thoughts on the China market - The primary challenge in China is decontenting due to OEM profitability pressures, with tariffs also impacting sales [39][40] Question: Updates on larger devices and production timelines - Management expressed confidence in achieving production within the next 24 months, with potential for earlier success [41][42] Question: VOXX revenue and operational synergies - Management highlighted potential synergies from combining operations, with expectations for improved operating expenses over time [44][45] Question: Core Gentex mirror business production outlook - Management expects Q3 production to be similar to Q2, with anticipated softening in Q4 [53] Question: Future revenue expectations from China - Management projected a decline in China sales, estimating a run rate of approximately $25 million per quarter in the back half of the year [63] Question: Tariff reimbursement expectations - Management expects to recover most, if not all, of the unreimbursed tariff costs from the previous quarter [83]

Gentex (GNTX) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +17.50%. A quarter ago, it was expected that this maker of automatic-dimming rearview mirrors and other products would post earnings of $0.43 per share when it actually produced earnings of $0.43, delivering no surprise.Over ...

Exhibit 99.1 GENTEX REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS ZEELAND, MI -- (GLOBE NEWSWIRE - July 25, 2025) - Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and consumer electronics, today reported financial results for the three and six months ended June 30, 2025. For the second quarter of 2025, the Company reported consolidated net sales of Gentex and VOXX of $657.9 million, a 15% increase compare ...

Core Insights - Gentex Corporation reported a consolidated net sales of $657.9 million for Q2 2025, a 15% increase from $572.9 million in Q2 2024, driven by the acquisition of VOXX which contributed $78.8 million in revenue [3][4][9] - Core Gentex revenue, excluding VOXX, was $579.0 million, reflecting a 1% increase despite a 2% decline in light vehicle production in primary markets [3][4][9] - The consolidated gross margin improved to 34.2%, up from 32.9% in Q2 2024, while the core Gentex gross margin reached 35.3%, a 240 basis-point increase [3][4][9] Financial Performance - Consolidated net income attributable to Gentex was $96.0 million, a 12% increase compared to $86.0 million in Q2 2024 [9][10] - Earnings per diluted share attributable to Gentex increased by 16% to $0.43 from $0.37 in Q2 2024, with adjusted earnings per diluted share rising 27% to $0.47 [10][9] - Operating expenses for Q2 2025 were $106.8 million, up from $73.7 million in Q2 2024, primarily due to the VOXX acquisition [5][6] Market Dynamics - Sales into the China market were approximately $33 million, significantly below the forecast of $50 to $60 million, impacted by tariffs and counter-tariffs [3][4] - The company anticipates a 3% decline in full-year 2025 production in primary markets, with North America projected to fall approximately 4% [16][17] Future Guidance - The updated consolidated revenue guidance for 2025 is set between $2.44 billion and $2.61 billion, an increase from the previous range of $2.15 billion to $2.32 billion [17] - The company will withhold revenue guidance for 2026 due to the current geopolitical and tariff landscape [18] Share Repurchase Activity - During Q2 2025, the company repurchased 5.7 million shares for a total of $126.2 million, with a new authorization for an additional 40 million shares [15]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, in ...

Core Viewpoint - Gentex (GNTX) is expected to report quarterly earnings of $0.40 per share, an increase of 8.1% year-over-year, with revenues projected at $576.51 million, reflecting a 0.6% increase compared to the same period last year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate for the quarter has been revised upward by 0.5%, indicating analysts' reassessment of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Revenue Projections - Analysts forecast 'Revenue- Other' to reach $16.14 million, representing an 18.7% increase from the prior-year quarter [4]. - The consensus estimate for 'Revenue- Automotive Products' is $574.89 million, indicating a 2.8% increase from the year-ago quarter [5]. Shipment Estimates - 'Auto-Dimming Mirror Shipments - Total Interior Mirrors' are expected to reach 7.46 million, slightly down from 7.54 million reported in the same quarter last year [5]. - 'Auto-Dimming Mirror Shipments - Total Exterior Mirrors' are projected at 4.34 million, down from 4.65 million in the previous year [6]. - Total 'Auto-Dimming Mirror Shipments' are expected to be 11.80 million, compared to 12.18 million reported last year [6]. - 'Auto-Dimming Mirror Shipments - Total North American Mirror Units' are estimated at 3.94 million, down from 4.05 million last year [7]. - 'Auto-Dimming Mirror Shipments - International Exterior Mirrors' are projected to be 2.72 million, down from 2.94 million in the same quarter last year [7]. - 'Auto-Dimming Mirror Shipments - North American Exterior Mirrors' are expected to reach 1.63 million, down from 1.71 million last year [8]. - 'Auto-Dimming Mirror Shipments - Total International Mirror Units' are projected at 7.86 million, down from 8.13 million reported last year [8]. - 'Auto-Dimming Mirror Shipments - International Interior Mirrors' are expected to be 5.14 million, slightly down from 5.19 million last year [9]. - 'Auto-Dimming Mirror Shipments - North American Interior Mirrors' are estimated at 2.32 million, down from 2.35 million last year [9]. Stock Performance - Over the past month, Gentex shares have returned +7.3%, outperforming the Zacks S&P 500 composite's +5.9% change, with a Zacks Rank 2 (Buy) indicating potential for further outperformance [10].

Core Viewpoint - Gentex Corporation has authorized an additional share repurchase of up to 40 million shares, representing over 18% of its outstanding shares as of June 30, 2025, reflecting confidence in long-term growth and disciplined capital deployment [1][2][3] Group 1: Share Repurchase Program - The new share repurchase authorization is in addition to the existing program [2] - The repurchase program allows for flexibility in timing and amount based on macroeconomic conditions and market dynamics [3] Group 2: Capital Allocation Strategy - The company's capital allocation priorities include manufacturing investments, dividends, new technology creation, accretive acquisitions, and share repurchases aimed at long-term growth and value creation [3] - The CEO emphasized the commitment to disciplined capital deployment and confidence in the business's growth trajectory supported by a strong product development pipeline and customer base [3] Group 3: Company Overview - Gentex Corporation, founded in 1974, is a leading supplier in various sectors including digital vision, connected car technologies, and consumer electronics [6]