Financial Performance - In 2025, the Company's consolidated net sales increased by $221.0 million, or 10% compared to 2024, with core Gentex sales at $2.27 billion, a 2% decline from 2024[144]. - The Company recorded a net income decrease of $19.6 million in 2025, or 5% compared to 2024, mainly due to changes in Other (loss) income[153]. - Adjusted net income attributable to Gentex Corporation for 2025 was $389.7 million, resulting in an adjusted earnings per share of $1.76[166]. Cost and Expenses - Cost of goods sold as a percentage of net sales decreased from 66.7% in 2024 to 65.8% in 2025, resulting in a gross margin improvement of 12.4% year-over-year[146]. - Engineering, research and development expenses increased by $21.8 million, or 12%, from 2024 to 2025, primarily due to the VOXX acquisition[147]. - Selling, general and administrative expenses rose by $56.8 million, or 47%, from 2024 to 2025, largely attributed to the addition of VOXX[148]. - Total operating expenses increased to 15.5% of net sales in 2025, up from 13.5% in 2024, reflecting the impact of the VOXX acquisition and severance expenses[149]. Sales and Revenue Guidance - Automotive net sales without VOXX were $2.22 billion in 2025, a 2% decrease from $2.26 billion in 2024, with a 6% decline in auto-dimming mirror shipments[145]. - VOXX contributed total net sales of $267.2 million for calendar year 2025, included in the Company's financial statements from Q2 2025[144]. - The company estimates top line revenue for 2026 will be between $2.60 billion and $2.70 billion, influenced by light vehicle production forecasts and the VOXX acquisition[181]. - The Company provides revenue guidance for calendar year 2027, estimating revenue will be between $2.75 billion and $2.85 billion, based on light vehicle production forecasts[189]. Cash Flow and Assets - Cash flow from operating activities increased by $88.9 million to $587.1 million in 2025, primarily due to increases in accounts payable and accrued sales incentives[168]. - Cash flow used for investing activities rose to $266.9 million in 2025, driven by increased business acquisitions[169]. - As of December 31, 2025, cash and cash equivalents were $145.6 million, down from $233.3 million in 2024[167]. - Accounts receivable increased by $73.2 million as of December 31, 2025, mainly due to the addition of VOXX sales[173]. Future Projections - Gross margin for 2026 is projected to be between 34.0% and 35.0%, with efforts to offset customer price reductions through operational efficiencies[183]. - Operating expenses for 2026 are expected to be between $410 million and $420 million, reflecting investments in growth initiatives and the full year of VOXX operating expenses[184]. - Capital expenditures for 2026 are anticipated to be between $125 million and $140 million, primarily for production equipment purchases[186]. - The Company estimates depreciation and amortization expense for calendar year 2026 will be between $100 million and $110 million[187]. Market Risks - The Company is exposed to market risks including interest rate fluctuations, commodity price risks, and foreign currency exchange rates[191]. - The Company does not believe that interest rate risk has a material impact on its financial condition or cash flows[192]. - Less than 10% of revenues for the years ended December 31, 2025, 2024, and 2023 were earned in non-U.S. dollar denominated currencies[194]. Business Combinations - The Company accounts for business combinations in accordance with ASC 805, allocating purchase price to tangible and intangible assets based on fair values[202]. - Contingent consideration may be paid for certain acquisitions based on future performance, recorded at fair value at the acquisition date[205]. - The Company does not have significant off-balance sheet arrangements or commitments not recorded in its Consolidated Financial Statements[195]. Share Repurchase Plan - The Company intends to continue its share repurchase plan in 2026 and beyond, depending on market and economic conditions[188].

ZEELAND, Mich., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and consumer electronics, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable April 22, 2026, to shareholders of record of the common stock at the close of business on April 8, 2026. About the CompanyFounde ...

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Core Insights - Gentex Corporation has announced its sponsorship of the Alliance Police Training Facility in Alliance, Ohio, through its Ops-Core® brand, which specializes in high-performance helmet systems and integrated equipment for law enforcement and military professionals [1] - The sponsorship reflects Gentex's commitment to enhancing law enforcement readiness and officer safety by providing advanced protective solutions [1] - The Alliance Police Training Facility is recognized for its realistic and high-intensity training programs, serving various law enforcement agencies and tactical teams across the region [1] Company Overview - Gentex Corporation is a global leader in personal protection and situational awareness solutions for defense forces, emergency responders, and industrial personnel [1] - The Ops-Core brand focuses on protecting elite forces with modular, scalable open-architecture designs that allow for seamless integration and system-level performance [1] Partnership Details - As part of the sponsorship, Gentex will integrate its latest Ops-Core helmet systems and accessories into the training programs at the Alliance Police Training Facility [1] - This partnership aims to enhance the training experience and ensure officers have access to modern protective technology [1] - The collaboration strengthens Gentex's dedication to serving law enforcement communities and reinforces Ops-Core's position as a leading brand in headborne protection [1]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] Zacks Style Scores - The Zacks Style Scores are indicators designed to help investors select stocks likely to outperform the market within 30 days, rated from A to F based on value, growth, and momentum characteristics [2] Value Score - The Value Style Score focuses on identifying undervalued stocks using ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow to find attractive investment opportunities [3] Growth Score - The Growth Style Score evaluates stocks based on projected and historical earnings, sales, and cash flow to identify companies with sustainable growth potential [4] Momentum Score - The Momentum Style Score assists investors in capitalizing on price trends, utilizing factors like one-week price changes and monthly earnings estimate changes to determine optimal entry points [5] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator that highlights stocks with strong value, growth forecasts, and promising momentum [6] Zacks Rank - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +23.83% since 1988, significantly outperforming the S&P 500 [7][8] Stock Selection Strategy - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential success, while stocks with lower ranks should also have strong Style Scores to mitigate risks [9][10] Company Spotlight: Gentex Corporation - Gentex Corporation, based in Zeeland, MI, specializes in automatic-dimming rear-view mirrors, fire protection products, and dimmable aircraft windows, currently holding a Zacks Rank of 2 (Buy) and a VGM Score of A [11] - Gentex has a Momentum Style Score of A, with shares increasing by 2.1% over the past four weeks, and two analysts have raised their earnings estimates for fiscal 2026, increasing the Zacks Consensus Estimate by $0.04 to $1.97 per share, alongside an average earnings surprise of +3.8% [12]

Core Insights - Gentex Corporation (GNTX) reported fourth-quarter 2025 results with adjusted EPS of 43 cents, up from 39 cents a year ago, and net sales of $644.4 million, reflecting a 19% increase year over year [1][9] Financial Performance - The company shipped 3.19 million Full Display Mirror (FDM) units in 2025, marking an 8% year-over-year increase, with expectations of an additional 200,000-400,000 units in 2026 [3][9] - Gentex anticipates consolidated revenues for 2026 to be between $2.6 billion and $2.7 billion, up from $2.53 billion in 2025, with projections for 2027 revenues ranging from $2.75 billion to $2.85 billion [4] Growth Drivers - Growth is expected to be driven by product launches, improved product mix, and the adoption of value-added features, particularly in the FDM segment [3][10] - Strategic acquisitions, including VOXX International and BioConnect, are set to enhance Gentex's product portfolio and support revenue growth [4][10] Market Position and Strategy - Gentex's HomeLink Connect app is expected to increase penetration as demand for home connectivity rises, supported by collaborations with Solace and ADASKY [5] - The company maintains a debt-free balance sheet and a strong cash position, with a current ratio of 2.9 compared to the industry average of 1.9, enhancing financial flexibility [6][11] Challenges - Gentex faces challenges from commodity pricing, particularly in precious metals, and anticipates increased costs from tariffs, which could amount to approximately $45-$50 million in 2026 [7]

Core Insights - Gentex Corporation (GNTX) reported fourth-quarter 2025 adjusted earnings per share (EPS) of 43 cents, matching the Zacks Consensus Estimate and increasing from 39 cents a year ago [1][9] - The company achieved net sales of $644.4 million, which was below the Zacks Consensus Estimate of $653 million but represented a 19% increase from the previous year [2][9] - Gentex's core gross margin improved to 35.5%, reflecting a 300 basis point increase from the fourth quarter of 2024, driven by reduced purchasing costs, improved product mix, and operational efficiencies [2][9] Revenue Breakdown - Gentex Automotive net sales were $527.6 million in the fourth quarter, down from $531.3 million in the same quarter last year, missing the estimate of $563.2 million [3] - Auto-dimming mirror shipments in North America decreased by 2% to 3,371,000 units, while international shipments fell by 3% to 7,091,000 units, leading to a total shipment decline of 3% to 10,462,000 units [3] - Other net sales, including dimmable aircraft windows and medical products, increased from $10.3 million to $13.3 million year over year [4] Financial Performance - Total operating expenses rose by 20.7% year over year to $104.42 million in the fourth quarter of 2025 [5] - Engineering and R&D expenses increased to $53.23 million from $47.06 million in the corresponding quarter of 2024, while SG&A expenses rose to $49.73 million from $30.53 million [5] - Gentex repurchased 3.8 million shares at an average price of $23.43 per share, with nearly 35.9 million shares authorized for repurchase as of December 31, 2025 [6] 2026 Guidance - Gentex expects net sales for 2026 to be in the range of $2.60 billion to $2.70 billion, compared to $2.53 billion in 2025 [7] - The projected gross margin for 2026 is estimated to be between 34% and 35%, slightly above the 34.2% reported in 2025 [7] - Capital expenditure is anticipated to be between $125 million and $140 million, with operating expenses estimated at $410 million to $420 million [7] Market Position - Gentex currently holds a Zacks Rank of 2 (Buy) [8] - Other top-ranked stocks in the automotive sector include Ford Motor (F), REV Group (REVG), and PHINIA Inc. (PHIN), each with a Zacks Rank of 1 (Strong Buy) [8]

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Core Insights - Gentex (GNTX) reported revenue of $644.4 million for the quarter ended December 2025, marking a 19% increase year-over-year, with EPS at $0.43 compared to $0.39 in the previous year [1] - The revenue fell short of the Zacks Consensus Estimate of $652.99 million, resulting in a surprise of -1.32%, while the EPS met the consensus estimate [1] Financial Performance - The company’s shares have returned +3.3% over the past month, outperforming the Zacks S&P 500 composite's +0.9% change, and currently holds a Zacks Rank 2 (Buy) [3] - Revenue from Automotive Products was reported at $527.6 million, which is below the average estimate of $552.36 million by two analysts, reflecting a -0.7% change compared to the year-ago quarter [4] Shipment Metrics - Total Interior Mirrors shipped were 6.5 million, exceeding the average estimate of 6.33 million [4] - Total Exterior Mirrors shipments reached 3.96 million, surpassing the average estimate of 3.75 million [4] - Total Auto-Dimming Mirror Units shipped were 10.46 million, compared to the average estimate of 10.08 million [4] - North American Mirror Units totaled 3.37 million, slightly below the average estimate of 3.4 million [4] - International Exterior Mirrors shipments were 2.56 million, exceeding the average estimate of 2.34 million [4] - North American Exterior Mirrors shipments were 1.4 million, in line with the average estimate of 1.41 million [4] - Total International Mirror Units shipped were 7.09 million, surpassing the average estimate of 6.67 million [4] - International Interior Mirrors shipments reached 4.53 million, exceeding the average estimate of 4.33 million [4] - North American Interior Mirrors shipments were 1.97 million, slightly below the average estimate of 1.99 million [4]

Group 1 - The article does not provide any relevant content regarding the company or industry [1]