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 ...

Core Points - Gentex Corporation will release its first quarter 2025 financial results on April 25, 2025, before the market opens [1] - A conference call for the investment community will take place at 9:30am ET to discuss the results [1] - The call will be accessible to the general public via a live audio webcast [2] Registration and Participation - Participants wishing to ask questions can register for the call to receive dial-in numbers and a unique PIN [2] - It is recommended for participants to join 10 minutes prior to the event start [2] - A listen-only webcast option is available for those who do not plan to ask questions [2] Post-Event Information - A replay of the webcast will be available approximately 24 hours after the conclusion of the call [3] - Contact information for Gentex Investor Relations is provided for further inquiries [3]

Core Viewpoint - VOXX International Corporation has been successfully acquired by Gentex Corporation in an all-cash transaction valued at $7.50 per share, marking a significant transformation for VOXX and its future growth potential [1][2]. Group 1: Acquisition Details - The acquisition was announced on December 18, 2024, and received overwhelming approval from VOXX stockholders during a special meeting held on March 31, 2025 [2]. - Gentex completed the acquisition on April 1, 2025, after meeting all regulatory and stockholder approval conditions [2][6]. Group 2: Leadership and Vision - Ari Shalam, Chairman of the Board of VOXX, expressed gratitude to employees and stakeholders, emphasizing the legacy and future potential under Gentex's leadership [3]. - Steve Downing, President and CEO of Gentex, highlighted the intention to continue the legacy of VOXX's founder and expand upon his vision in the automotive and consumer electronics industries [3]. Group 3: Strategic Benefits - Gentex's COO and CTO, Neil Boehm, noted that VOXX's products and market expertise will complement Gentex's existing business lines, particularly in smart home product expansion [4]. - The acquisition includes VOXX's expertise in consumer product distribution and premium audio solutions, enhancing Gentex's capabilities in various sectors [4][5]. Group 4: Company Backgrounds - VOXX International is recognized as a leader in automotive and consumer electronics, with a strong distribution network and market positions in in-vehicle entertainment and automotive security [7]. - Gentex Corporation, founded in 1974, is a technology company known for its electro-optical products and ongoing innovation across multiple verticals [8].

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].

Core Insights - Gentex Corporation (GNTX) reported a fourth-quarter 2024 earnings per share (EPS) of 39 cents, missing the Zacks Consensus Estimate of 49 cents and reflecting a 22% year-over-year decline [1] - The company’s net sales for the quarter were $542 million, falling short of the Zacks Consensus Estimate of $602 million and decreasing by 8% compared to the previous year [2] Financial Performance - Gross margin for the quarter was 32.5%, down 200 basis points from the fourth quarter of 2023, attributed to lower-than-expected sales, an unfavorable product mix, and challenges in overhead cost management [2] - Total operating expenses increased by 22% year over year to $86.5 million, with engineering and R&D expenses rising to $47.06 million from $41.53 million, and SG&A expenses increasing to $30.53 million from $29.06 million [5] Segmental Performance - The Automotive segment, which is the primary revenue contributor, reported net sales of $531.3 million, down from $578.7 million in the year-ago quarter and below the estimate of $585.9 million [3] - Auto-dimming mirror shipments in North America decreased by 10% to 3,438,000 units, while international shipments fell by 14% year over year to 7,339,000 units, leading to a total shipment decline of 13% to 10,777,000 units [3] Other Sales and Dividends - Other net sales, including dimmable aircraft windows and fire protection products, decreased from $10.5 million to $10.3 million, missing the estimate of $13.5 million [4] - Gentex paid a dividend of 12 cents per share during the quarter and repurchased 603,396 shares at an average price of $30.54 per share, with nearly 9.4 million shares remaining for buyback as of December 31, 2024 [6] 2025 Guidance - For 2025, Gentex expects net sales to be in the range of $2.40-$2.45 billion, compared to $2.31 billion in 2024, with a projected gross margin of 33.5-34.5% [7] - Capital expenditure is anticipated to be between $125 million and $150 million, while operating expenses are estimated to be in the range of $310-$320 million [7]

Core Insights - Gentex (GNTX) reported a revenue of $541.64 million for Q4 2024, marking an 8.1% decline year-over-year and a surprise of -10.03% compared to the Zacks Consensus Estimate of $602 million [1] - The earnings per share (EPS) for the same quarter was $0.39, down from $0.50 a year ago, with an EPS surprise of -20.41% against the consensus estimate of $0.49 [1] Financial Performance Metrics - Gentex's stock has returned +0.4% over the past month, while the Zacks S&P 500 composite has increased by +2.9%, indicating underperformance relative to the broader market [3] - The company holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the market in the near term [3] Auto-Dimming Mirror Shipments - Total Interior Mirrors shipped were 6.69 million, below the average estimate of 7.49 million [4] - Total Exterior Mirrors shipped were 4.09 million, compared to the average estimate of 4.57 million [4] - Total Auto-Dimming Mirror Units shipped were 10.78 million, against an estimated 12.06 million [4] - North American Mirror Units shipped totaled 3.44 million, below the average estimate of 3.82 million [4] - International Exterior Mirrors shipped were 2.66 million, compared to the estimated 2.89 million [4] - North American Exterior Mirrors shipped were 1.43 million, against an estimate of 1.69 million [4] - Total International Mirror Units shipped were 7.34 million, below the average estimate of 8.24 million [4] - International Interior Mirrors shipped were 4.68 million, compared to the average estimate of 5.36 million [4] - North American Interior Mirrors shipped totaled 2 million, below the estimate of 2.13 million [4] Revenue Breakdown - Revenue from Automotive Products was $531.30 million, significantly lower than the average estimate of $590.93 million, representing an 8.2% year-over-year decline [4] - Other revenue was reported at $10.30 million, below the three-analyst average estimate of $12.72 million, reflecting a year-over-year change of -1.9% [4]

Core Viewpoint - Gentex (GNTX) reported quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.49 per share, and down from $0.50 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was -20.41%, with the company previously expected to earn $0.50 per share but actually earning $0.53 per share in the prior quarter, resulting in a positive surprise of 6% [2] - Gentex's revenues for the quarter were $541.64 million, missing the Zacks Consensus Estimate by 10.03%, and down from $589.13 million year-over-year [3] - The company has not surpassed consensus revenue estimates in the last four quarters [3] Stock Performance - Gentex shares have declined approximately 1.8% since the beginning of the year, while the S&P 500 has gained 3.2% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.50 on revenues of $610.55 million, and for the current fiscal year, it is $2.10 on revenues of $2.5 billion [8] - The outlook for the Automotive - Original Equipment industry, to which Gentex belongs, is currently in the bottom 30% of Zacks industries, which may impact stock performance [9]