Accessibility StatementSkip Navigation Genie logo (PRNewsfoto/The Genie Company) Gentex ZEELAND, Mich. and MT. HOPE, Ohio, Nov. 20, 2025 /PRNewswire/ -- Gentex Corporation (NASDAQ: GNTX) and The Genie® Company today announced an agreement that allows Gentex to integrate Genie's Aladdin Connect® platform into HomeLink®, the automotive industry's leading car-to-home automation system. The partnership will enable Gentex customers to control connected Genie products via HomeLink, securely triggering garage door ...

ZEELAND, Mich. and MT. HOPE, Ohio, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX) and The Genie® Company today announced an agreement that allows Gentex to integrate Genie’s Aladdin Connect® platform into HomeLink®, the automotive industry’s leading car-to-home automation system. The partnership will enable Gentex customers to control connected Genie products via HomeLink, securely triggering garage door open/close commands from the HomeLink app or connected vehicle via the HomeLink clo ...

ZEELAND, Mich., Nov. 17, 2025 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX) announced today that it has acquired Toronto-based BioConnect, a leader in biometric authentication solutions. The company provides a market-leading, multi-modal authentication software platform for the security and access control industry. Gentex is a technology company and long-time supplier of electro-optical products for the global automotive, aerospace, fire protection, and medical industries. The company is best known ...

(Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesGentex (GNTX) has long been known for its automotive mirrors and smart glass technologies. But the company is becoming much more than that. It’s quietly expanding into advanced safety and connected vehicle systems, widening its footprint in the auto tech space. Profitability has remained steady, backed by a strong balance sheet and disciplined management. Innovation is at the center of its stra ...

Financial Performance - Consolidated net sales for Q3 2025 increased by $46.7 million or 8% to $634.9 million, with VOXX contributing $84.9 million in revenue [102] - Core Gentex automotive net sales (excluding VOXX) decreased by 6% to $558.0 million in Q3 2025, compared to $596.5 million in Q3 2024 [103] - Net income attributable to Gentex for Q3 2025 was $101.0 million, down 18% from $122.5 million in Q3 2024 [113] - Consolidated net sales for the nine months ended September 30, 2025, increased by $118.2 million or 7% to $1.8 billion, with VOXX contributing $163.8 million [115] - Net income attributable to Gentex for the nine months ended September 30, 2025, decreased by $24.9 million or 8% to $291.9 million [126] - Earnings per diluted share attributable to Gentex for the nine months ended September 30, 2025, was $1.31, compared to $1.38 for the same period in 2024 [127] - For the third quarter of 2025, the Company reported net sales of $655.2 million, an 8% increase compared to $608.5 million in the third quarter of 2024 [145] - Adjusted Net Income Attributable to Gentex Corporation for the nine months ended September 30, 2025, was $302.1 million, compared to $316.8 million for the same period in 2024 [134] Operating Expenses - Total operating expenses increased by 31% to $102.8 million in Q3 2025, primarily due to the VOXX acquisition [107] - Core Gentex operating expenses (excluding VOXX) were $238.6 million for the nine months ended September 30, 2025, compared to $224.9 million in the same period of 2024 [121] - Operating expenses (excluding severance) are projected to be $380 – $390 million, up from the previous estimate of $370 - $390 million [168] Margins and Guidance - Gross margin for core Gentex (excluding VOXX) improved to 34.9% in Q3 2025, a 140 basis-point increase from Q3 2024 [106] - Gross margin guidance is set at 33.5% – 34%, slightly improved from the previous range of 33% - 34% [168] Cash Flow and Capital Expenditures - Cash flow from operating activities for the nine months ended September 30, 2025, increased by $117.8 million to $461.6 million, compared to $343.8 million during the same period last year [138] - Capital expenditures for the nine months ended September 30, 2025, were approximately $103.4 million, compared to approximately $103.0 million for the same period last year [139] Inventory and Share Repurchase - Inventories as of September 30, 2025, were $499.2 million, an increase from $436.5 million as of December 31, 2024, primarily due to the acquisition of VOXX [137] - The Company repurchased 9,805,995 shares during the nine months ended September 30, 2025, with 39,643,403 shares remaining available for repurchase under the plan [144] Market and Production Outlook - The Company expects global light vehicle production for Q4 2025 to decline approximately 4% compared to Q4 2024, with full-year 2025 production expected to be down 1% year-over-year [164] - Light vehicle production in North America is forecasted to decrease by 4% in Q4 2024 compared to Q4 2025, with total production expected to be 19.85 million units [165] - The company anticipates ongoing volatility in customer orders and vehicle production volumes due to various geopolitical and economic factors [167] Challenges and Economic Conditions - The Company has been impacted by pricing pressure from automotive customers and competitors, along with increases in tariffs, raw material costs, labor costs, and logistics costs [160] - The Company continues to face challenges from uncertain economic conditions, including inflation and parts shortages, which may reduce demand for its products [161] - The company faces increased input costs due to existing and potential future tariffs, impacting its competitive position [177] New Products and Innovations - The Company continues to develop its camera monitoring system (CMS), which uses three cameras to provide a comprehensive view of the vehicle's surroundings, enhancing safety and functionality [149] - The Company has announced a partnership with TransCore for a vehicle-integrated tolling solution, currently shipping on 11 Audi platforms and expanding to Mercedes EQS model [151] - The Company recorded its first official sales of medical devices from shipments of the e-Sight Go product in 2024, following the acquisition of technology assets from eSight [155] - The Company acquired GalvanEyes, LLC in 2024, gaining access to EyeLock iris biometric technology for applications in automotive, aerospace, and medical markets [156] - The Company is working on an intelligent medical lighting system co-developed with Mayo Clinic, aimed at optimizing illumination for surgical environments [154] Capacity and Production Capabilities - The Company estimates its current building capacity to manufacture approximately 42 - 45 million interior mirror units annually and approximately 19 - 22 million exterior mirror units annually [142] - During the nine months ended September 30, 2025, the Company had 42 net new nameplate launches of interior and exterior auto-dimming mirrors and electronic features [146] Revenue Guidance - Consolidated revenue guidance for 2025 is adjusted to $2.50 – $2.60 billion, up from the previous range of $2.44 – $2.61 billion [168] - Gentex's primary markets revenue is expected to be $2.14 – $2.15 billion, an increase from the previous estimate of $2.10 – $2.20 billion [168] - The revenue estimate for the Gentex China market is revised to $134 – $145 million, compared to the previous range of $100 – $125 million [168] - The company will withhold revenue guidance for calendar year 2026 due to current geopolitical and tariff uncertainties [170]

Custom-vehicle unveils of Ringbrothers’ Octavia, a 1971 Aston Martin DBS, and Classic Car Studio’s Effy, a 1956 F100 Ringbrothers' OCTAVIA - 1971 Aston Martin DBS Gentex's booth at SEMA will feature the unveil of Ringbrothers' OCTAVIA, a fully bespoke 1971 Aston Martin DBS. Gentex GNTX-R Automatic-Dimming Mirror Gentex is launching an automatic-dimming rearview mirror for the aftermarket designed specifically for custom car builds, supercars, tuners, imports, drift cars and prototypes. Available throu ...

PresentationBrian SponheimerGabelli Funds, LLC All right. Well, thank you all for being here. I think it's time to start with our company presentations. We are delighted to have Gentex Corporation and Steve Downing here. Steve is the company's President and CEO. It's very unique to have a company that has over an 85% to 89% market share of what they do, and that's exactly who Gentex is and what they are. They are a designer manufacturer of electrochromic mirrors and vision systems along with the multiple de ...

Gentex Corporation Conference Call Summary Company Overview - **Company**: Gentex Corporation - **Industry**: Automotive electronics, specifically electrochromic mirrors and vision systems - **Market Share**: Holds over 85-89% market share in its sector [1] - **Financial Position**: No debt, $170 million in cash, total enterprise value of approximately $5 billion [1] Core Business Insights - **Dimmable Technology**: Gentex focuses on electrochromic technology, primarily for automotive applications, with a significant portion of manufacturing done in the U.S. [2] - **Export Challenges**: Anticipated $250 million in exports to China impacted by counterterrorism issues [2] - **Acquisition Strategy**: Recently acquired VOXX International Corporation, which is seen as a strategic move to enhance distribution capabilities [3][24] Market Dynamics - **North American Market**: Experienced a pent-up demand of about 3 million units annually from 2020 to 2023, indicating a bullish outlook for North America [7] - **European Market**: More challenges anticipated, particularly for high-end automotive OEMs [8] - **Asian Markets**: Hyundai Kia is a significant growth customer, while the Chinese market is described as highly competitive and unpredictable [9][10] Risks and Opportunities - **Electric Vehicle (EV) Market**: The shift towards lower-priced EVs poses a risk as Gentex's products are higher-end; however, the company aims to innovate with new technologies [12] - **Autonomous Vehicles**: Gentex is exploring new technologies relevant to autonomous vehicles, such as dimmable visors and windows, which could offset losses from traditional mirror sales [14][16] - **Supply Chain Resilience**: The company has maintained a conservative approach to inventory and has prepared for potential supply chain disruptions [17][18] Financial Performance and Strategy - **Gross Margins**: Improved from just under 30% to around 34-35%, with a focus on operational efficiency to offset tariff impacts [27][28] - **M&A and Capital Allocation**: Gentex maintains a net cash position and is conservative with leverage, focusing on share repurchases and smaller tech acquisitions [37][38] Future Growth Areas - **Adjacent Markets**: Expanding into aerospace with dimmable windows and fire protection technologies, as well as direct-to-consumer products for home automation [19][20] - **Medical Technology**: Acquired E-Sight, a company focused on vision aids for individuals with vision loss, indicating diversification into healthcare [21] Strategic Focus - **R&D Investment**: Approaches R&D like a venture capital firm, prioritizing projects based on potential profitability and strategic fit [22] - **Technology Development**: Emphasizing sensing technologies for future vehicles, aiming to enhance vehicle maintenance and functionality [40] Conclusion Gentex Corporation is positioned uniquely within the automotive electronics industry, leveraging its strong market share and financial stability to navigate challenges and pursue growth opportunities across various sectors. The company remains focused on innovation, operational efficiency, and strategic acquisitions to enhance its competitive edge in a rapidly evolving market landscape.

Core Insights - The consumer discretionary sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] Company Summaries - **Gentex Corp (NASDAQ:GNTX)**: Reported third-quarter EPS and sales below expectations, with North American OEM revenue increasing approximately 5% quarter-over-quarter. The stock fell around 16% over the past month, with a 52-week low of $20.28. RSI Value is 29.8, and shares closed at $23.72 [8] - **Cracker Barrel Old Country Store Inc (NASDAQ:CBRL)**: Received an Equal-Weight rating from Wells Fargo with a price target of $42. The stock fell around 21% over the past month, with a 52-week low of $33.86. RSI Value is 23.7, and shares closed at $35.56 [8] - **O'Reilly Automotive Inc (NASDAQ:ORLY)**: Reported strong quarterly earnings with a 5.6% increase in comparable store sales and a 12% increase in diluted EPS. The stock fell around 11% over the past month, with a 52-week low of $76.22. RSI Value is 25.3, and shares closed at $95.79 [8]

Core Insights - The consumer discretionary sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] Group 1: Oversold Stocks - Gentex Corp (NASDAQ:GNTX) has an RSI of 29.8, with a stock price of $23.72, and has seen a 16% decline over the past month [8] - Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) has an RSI of 23.7, with a stock price of $35.56, and has experienced a 21% drop in the last month [8] - O'Reilly Automotive Inc (NASDAQ:ORLY) has an RSI of 25.3, with a stock price of $95.79, and has fallen 11% over the past month [8] Group 2: Company Performance - Gentex reported third-quarter EPS and sales below expectations, but North American OEM revenue increased by approximately 5% quarter-over-quarter [8] - Cracker Barrel received an Equal-Weight rating from Wells Fargo with a price target of $42, following a significant stock decline [8] - O'Reilly Automotive reported a 5.6% increase in comparable store sales and a 12% increase in diluted earnings per share for the third quarter [8]