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 ...

Financial Performance - For Q1 2025, the company reported net sales of $576.8 million, a decrease of 2% compared to $590.2 million in Q1 2024 [3][8] - Gross margin for Q1 2025 was 33.2%, down from 34.3% in Q1 2024, but improved by 70 basis points from Q4 2024 [4][8] - Operating income for Q1 2025 was $113.0 million, compared to $129.3 million in Q1 2024 [6][8] - Net income for Q1 2025 was $94.9 million, down from $108.2 million in Q1 2024, with earnings per diluted share at $0.42, a decrease of 11% from $0.47 in Q1 2024 [8][9] Market Conditions - Global light vehicle production increased by approximately 1% year-over-year but decreased by 3% quarter-over-quarter in primary markets [3] - The company experienced a shortfall of expected sales of approximately $25 - $30 million due to a weaker trim-mix in light vehicle production [3] Operating Expenses - Operating expenses rose by 8% to $78.7 million in Q1 2025, influenced by severance expenses of $2.9 million and one-time merger-related costs of $0.9 million [5][8] - Core operating expense growth was less than 3% for the quarter, excluding severance and merger-related expenses [5] Future Guidance - The company revised its revenue guidance for 2025 to $2.10 - $2.20 billion, down from the previous estimate of $2.40 - $2.45 billion, due to tariff impacts [18] - Light vehicle production in primary markets is expected to decline approximately 5% in 2025 compared to 2024, with a forecasted decrease of about 11% in the last three quarters of 2025 [15][16] Share Repurchases - During Q1 2025, the company repurchased 3.1 million shares at an average price of $24.52 per share, with approximately 6.3 million shares remaining available for repurchase [12]

Core Viewpoint - Analysts forecast Gentex (GNTX) will report quarterly earnings of $0.43 per share, reflecting a year-over-year decline of 8.5%, with revenues expected to be $584.51 million, a decrease of 1% compared to the previous year [1]. Earnings Projections - Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter, indicating that analysts have not changed their initial forecasts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts estimate 'Revenue- Other' to be $15.06 million, representing a year-over-year increase of 19.5% [5]. - 'Revenue- Automotive Products' is projected to reach $568.61 million, indicating a decline of 1.6% from the year-ago quarter [5]. Shipment Estimates - Total Interior Mirrors shipments are expected to be 7.59 million, down from 7.82 million year-over-year [6]. - Total Exterior Mirrors shipments are forecasted at 4.42 million, compared to 4.66 million in the previous year [6]. - Total Auto-Dimming Mirror Units are anticipated to reach 12.02 million, down from 12.47 million year-over-year [7]. - North American Mirror Units are expected to be 3.69 million, a decrease from 3.88 million in the same quarter last year [7]. - International Exterior Mirrors shipments are projected at 2.85 million, down from 3.03 million year-over-year [8]. - North American Exterior Mirrors shipments are estimated at 1.57 million, compared to 1.62 million in the previous year [8]. - Total International Mirror Units are expected to be 8.33 million, down from 8.59 million year-over-year [9]. - International Interior Mirrors shipments are forecasted at 5.48 million, compared to 5.55 million in the previous year [9]. - North American Interior Mirrors shipments are estimated at 2.11 million, down from 2.26 million year-over-year [10]. Stock Performance - Gentex shares have shown a return of -12.9% over the past month, compared to a -8.9% change in the Zacks S&P 500 composite [10].