Gentex (GNTX) came out with quarterly earnings of $0.43 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this maker of automatic-dimming rearview mirrors and other products would post earnings of $0.49 per share when it actually produced earnings of $0.39, delivering a surprise of -20.41%.Over the last four quarters, the company has surpassed consensus EPS esti ...

consumer electronics, today reported financial results for the three months ended March 31, 2025. 1st Quarter 2025 Summary Exhibit 99.1 GENTEX REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS ZEELAND, MI -- (GLOBE NEWSWIRE - April 25, 2025) - Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and For the first quarter of 2025, the Company reported net sales of $576.8 million, compared to net sales of $590.2 milli ...

ZEELAND, Mich., April 25, 2025 (GLOBE NEWSWIRE) -- 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 months ended March 31, 2025. 1st Quarter 2025 Summary Net sales of $576.8 million, a 2% decrease compared to the first quarter of 2024, versus light vehicle production that was down 3% quarter over quarter in the Company's primary market ...

The market expects Gentex (GNTX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Apri ...

ZEELAND, Mich., April 04, 2025 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ:GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, fire protection technologies and consumer electronics, is pleased to announce that it will release its first quarter 2025 financial results on Friday, April 25, before the market opens. The Company will host a conference call for the investment community at 9:30am ET to discuss the results. The call will also be available to the general p ...

ORLANDO, Fla., April 1, 2025 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX) ("VOXX" or the "Company"), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, as well as biometrics through a strategic joint venture, today announced the successful closing on the sale of the company to Gentex Corporation (NASDAQ: GNTX). Ari Shalam, Chairman of the Board of VOXX International stated, "First and foremost, to all VOXX employees, both past and present, ...

VOXX International was founded as Audiovox Corporation in 1965 by John Shalam, who most recently served as chairman of the board until stepping down late last year. He led VOXX as it grew to become a worldwide leader in automotive and consumer electronics, and was also active in the Consumer Technology Association (CTA). He helped establish the CTA's Wireless Communications Division in 2001 and was inducted into the Consumer Technology Hall of Fame in 2009. "We want to continue the legacy of VOXX Founder Jo ...

Core Viewpoint - Gentex (NASDAQ: GNTX) is identified as a stable stock within an industry facing challenges, demonstrating solid performance and reasonable valuation multiples while maintaining a strong balance sheet [1]. Company Summary - Gentex is a leading automotive supplier specializing in functional and technical rearview mirrors [1]. - The company has consistently delivered strong performance, indicating resilience in a challenging market environment [1]. Industry Summary - The automotive industry is currently experiencing headwinds, yet Gentex has managed to perform well despite these challenges [1]. - The focus on mergers, acquisitions, and significant corporate events highlights the dynamic nature of the industry, with opportunities for investment [1].

ZEELAND, Mich., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, 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 23, 2025, to shareholders of record of the common stock at the close of business on April 9, 2025. About the CompanyFounded in 1974, Gentex Corporation (The NASD ...

Financial Performance - In 2024, the Company's net sales increased by $14.1 million, or 1%, reaching the highest annual sales in Company history despite a 4% decrease in light vehicle production in primary markets [133]. - Gross margin improved to 33.3% in 2024, up from 33.2% in 2023, primarily due to supplier cost reductions and lower freight costs [132]. - Net income decreased by $23.9 million, or 6%, in 2024 compared to 2023, primarily due to changes in operating profits [139]. - Cash flow from operating activities was $498.2 million in 2024, a decrease of $39.0 million from 2023, attributed to lower net income and changes in working capital [149]. - Total operating expenses increased to 13.5% of net sales in 2024, up from 11.6% in 2023, driven by higher engineering and administrative costs [132]. - The effective tax rate decreased to 14.3% in 2024 from 15.2% in 2023, influenced by the Foreign Derived Intangible Income Deduction and R&D tax credits [139]. Future Projections - The Company estimates top line revenue for calendar year 2025 will be between $2.40 and $2.45 billion, based on light vehicle production forecasts and product mix [161]. - Gross margin is estimated to be between 33.5% and 34.5% for calendar year 2025, with potential offsets from raw material cost decreases and operational efficiencies [162]. - Operating expenses are expected to be between $310 and $320 million for calendar year 2025, reflecting continued investments in growth and new product development [163]. - Capital expenditures for calendar year 2025 are anticipated to be between $125 and $150 million, primarily for production equipment purchases [165]. - Depreciation and amortization expense for calendar year 2025 is estimated to be between $85 and $90 million [166]. - The Company projects a tax rate between 15% and 17% for calendar year 2025 based on current statutory rates [167]. - Revenue guidance for calendar year 2026 is estimated to be between $2.55 and $2.65 billion, considering anticipated increases in light vehicle production [169]. Investment and Expenses - Engineering, research and development expenses increased by $27.1 million, or 18%, representing 8% of net sales in 2024 compared to 7% in 2023 [136]. - Cash flow used for investing activities decreased by $97.3 million to $202.1 million in 2024, primarily due to reduced capital expenditures [150]. - The Company recorded impairment charges of $8.9 million for Goodwill and in-process research and development related to the Vaporsens technology [138]. Market Outlook - The S&P Global Mobility forecast for light vehicle production in 2025 estimates approximately 15.1 million units for North America and 30.2 million units for China [160]. - Approximately 7% of the Company's net sales in calendar year 2024 were invoiced and paid in foreign currencies, with expectations of 7-8% for 2025 [172]. Shareholder Actions - The Company intends to continue share repurchases in 2025, influenced by market and economic conditions [168]. Strategic Focus - The Company is focused on maintaining a competitive advantage through investments in proprietary technology and product development [164].