ZEELAND, Mich., Aug. 22, 2025 (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 October 22, 2025, to shareholders of record of the common stock at the close of business on October 8, 2025. About the CompanyFo ...

21 August 2025 | 6:04PM HKT Desay SV (002920.SZ): Smart driving in expansion with more diversified customers; 2Q25 in line; Neutral We are positive on Desay SV's continuous product mix upgrade and diversifying customers: (1) smart driving toward high-end domain controllers, and smart cockpit also toward domain controllers from legacy business (e.g. infotainment system, digital dashboard, etc.); (2) diversifying customer base with rising overseas car OEMs (e.g. Japan, Europe); and (3) integrated solutions ac ...

Stoneridge (SRI) Q2 2025 Earnings Call August 07, 2025 09:00 AM ET Speaker0Good day, and welcome to the Stoneridge Inc. Second Quarter twenty twenty five Results Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded.I would now like to turn the conference over to Kelly Harvey, Director of Investor Relations. PleaseSpeaker1Good morning, everyone, and thank you for joining us to discuss ...

Q2 2025 Results August 7, 2025 stoneridge.com © 2025 Non-GAAP Financial Measures This presentation contains information about the Company's financial results that is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). Such non-GAAP financial measures are reconciled to their closest GAAP financial measures at the end of this presentation. The provision of these non-GAAP financial measures for 2025 and 2024 is not intended to indicate that Stoneridge is exp ...

Core Insights - Stoneridge, Inc. reported a record quarterly sales of $228.0 million for Q2 2025, with a gross profit of $48.9 million, representing 21.5% of sales, despite an operating loss of $(2.6) million [3][7] - The company announced significant new program awards totaling approximately $775 million in lifetime revenue, including the largest award in its history for the MirrorEye program, estimated at $535 million [5][8] - Stoneridge is reviewing strategic alternatives for its Control Devices business, potentially leading to a sale to maximize shareholder value [9][10] Financial Performance - Q2 2025 sales were $228.0 million, with a net loss of $(9.4) million and adjusted net loss of $(7.0) million, resulting in a loss per share of $(0.34) [3][7] - Adjusted EBITDA for Q2 2025 was $4.6 million, or 2.0% of sales, which would be $8.1 million or 3.5% of sales excluding non-operating foreign currency expenses [3][7] - The company maintained its full-year 2025 sales guidance of $860 million to $890 million, while updating adjusted EBITDA guidance to $34 million to $38 million [20][21] Business Segments - Electronics segment sales for Q2 2025 were $149.6 million, a 6.4% increase from Q1 2025, driven by higher MirrorEye sales and favorable foreign currency translation [11] - Control Devices segment sales increased by 1.9% to $71.2 million in Q2 2025, attributed to higher production volumes in the North American passenger vehicle market [12] - Stoneridge Brazil reported a 6.0% increase in sales to $15.3 million, driven by favorable foreign currency translation and higher aftermarket product sales [13][16] Strategic Initiatives - The company is focused on long-term strategies aligned with industry megatrends and advanced technologies, particularly in vision systems [6][10] - The review of strategic alternatives for the Control Devices segment aims to ensure that each part of the business has the necessary resources and focus to reach its full potential [10][27] - Stoneridge continues to emphasize cash performance and working capital management, achieving a net cash provided by operating activities of $10.7 million in Q2 2025 [17][19]

Financial Data and Key Metrics Changes - Net sales for Q2 2025 were $969 million, exceeding initial expectations, driven by strong demand for digital cockpit products, particularly in North America and Europe [4][5] - Adjusted EBITDA was $134 million, representing a margin of 13.8%, with adjusted free cash flow of $67 million for the quarter [5][29] - Sales decreased by $45 million compared to the prior year, with customer production volumes slightly negative year over year [30][32] Business Line Data and Key Metrics Changes - Cockpit electronics sales in the Americas were strong, benefiting from new product launches, while battery management system (BMS) sales were lower than anticipated [9][10] - In Europe, sales increased year over year due to new product launches, despite a reduction in vehicle production [11] - In Asia, excluding China, sales grew over market by eight percentage points, with strategic initiatives targeting specific automakers [12][13] Market Data and Key Metrics Changes - In North America, vehicle production schedules remained stable, and Visteon’s sales of cockpit electronics products were strong [9] - In Europe, sales outperformed vehicle production by eight percentage points, driven by the introduction of affordable hybrid and EV models [11] - In China, sales were down year over year due to a market share shift towards domestic OEMs, but sequentially, sales improved compared to Q1 [13] Company Strategy and Development Direction - The company is focused on expanding its product offerings in response to industry trends, particularly in displays and digital clusters [20][21] - Visteon is investing in both organic and inorganic growth, including acquisitions to enhance engineering capabilities and product offerings [24][46] - The company anticipates that adjacent transportation markets, such as commercial vehicles and two-wheelers, will represent a growing portion of sales [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the second half of the year, expecting improved sales growth driven by new product launches [27] - The company reinstated and increased guidance for the full year, reflecting strong first-half performance and customer demand visibility [25][39] - Management highlighted the importance of adapting to market changes, particularly in the EV sector, and the need to monitor customer responses to regulatory changes [58][86] Other Important Information - Visteon announced the initiation of a quarterly dividend starting in Q3, reflecting confidence in generating free cash flow [7][47] - The company completed a bolt-on acquisition for $50 million, enhancing its engineering services capabilities [29][38] - The company has a robust M&A pipeline and plans to continue pursuing acquisitions to expand its technology and service offerings [46] Q&A Session Summary Question: Drivers behind Visteon's recent market share gains and long-term growth expectations - Management noted strong bookings driven by displays and clusters, reflecting industry transformation and increased interest in AI-driven infotainment and autonomous driving [53][54] - The company expects to achieve its 2027 targets through ongoing initiatives and growth in commercial vehicles and two-wheelers [56][57] Question: Thoughts on targeted net cash and future leverage - Management confirmed a minimum target of $100 million net cash, with current levels well above this, supporting the initiation of a dividend [59][60] Question: Opportunities for further penetration with Toyota and other Japanese OEMs - Management highlighted successful wins with Toyota and the potential for further business as they continue to execute existing programs [63][64] Question: Drivers of improved EBITDA margin outlook - Management explained that the improved EBITDA guidance incorporates strong H1 performance, nonrecurring items, and operational efficiencies [68][72] Question: Clarification on nonrecurring items - Management clarified that nonrecurring items primarily relate to commercial recoveries from prior periods, with expectations of lower levels in the second half [75][76] Question: BMS and EV demand trajectory - Management discussed the need to expand offerings beyond BMS to include more power electronics, anticipating stabilization in demand for EVs in the long term [84][86]

Financial Data and Key Metrics Changes - Visteon reported net sales of $969 million for Q2 2025, exceeding initial expectations, driven by strong demand for digital cockpit products, particularly in North America and Europe [6][7][30] - Adjusted EBITDA was $134 million, representing a margin of 13.8%, matching the record margin set in the previous quarter [7][30] - Adjusted free cash flow for the quarter was $67 million, supported by robust EBITDA performance and working capital inflow [7][31] Business Line Data and Key Metrics Changes - Sales of cockpit electronics products in the Americas were strong, benefiting from new product launches, while battery management system (BMS) sales were lower than anticipated but showed sequential growth from Q1 [10][11] - In Europe, Visteon experienced year-over-year sales growth driven by new product launches, despite a reduction in vehicle production [12] - In Asia, excluding China, sales grew over market by eight percentage points, with strategic initiatives targeting key automakers [13] Market Data and Key Metrics Changes - In North America, vehicle production schedules remained stable, and Visteon's sales of cockpit electronics outperformed customer vehicle production by four percentage points [10][12] - In Europe, sales outperformed vehicle production by eight percentage points, driven by the introduction of affordable hybrid and EV models [12] - In China, sales were down year-over-year due to a market share shift towards domestic OEMs, but sequentially, sales improved compared to Q1 [14] Company Strategy and Development Direction - Visteon is focused on expanding its product offerings in response to industry trends, particularly in displays and digital clusters, which are becoming increasingly important in the automotive sector [20][22] - The company is investing in both organic and inorganic growth, including recent acquisitions to enhance engineering capabilities and user interface design [26][49] - Visteon aims to balance capital allocation between strengthening execution capabilities and returning capital to shareholders, including the initiation of a quarterly dividend [48][49] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the second half of the year, anticipating improved sales driven by new product launches and a favorable outlook for customer vehicle production [29][30] - The company expects growth over market to improve from Q2 levels, despite challenges in BMS sales and market dynamics in China [29] - Management highlighted the importance of adapting to changes in the EV market and consumer preferences, particularly in light of regulatory changes affecting EV demand [87] Other Important Information - Visteon won $2 billion in new business during the quarter, bringing the year-to-date total to just under $4 billion, with confidence in exceeding the $6 billion target for the full year [8][16] - The company launched 21 new products in Q2, showcasing a diverse range of offerings across various vehicle markets [19] - Visteon completed a bolt-on acquisition for $50 million, enhancing its engineering services capabilities [31][39] Q&A Session Summary Question: Drivers behind Visteon's recent market share gains - Management noted that strong bookings were driven by displays and clusters, reflecting a transformation in the industry towards more digital content in vehicles [53][54] Question: Future leverage and net cash targets - Management confirmed a minimum target of $100 million for net cash, with current levels well above this, supporting the initiation of a dividend [60] Question: Opportunities with Toyota and other Japanese OEMs - Management expressed optimism about further penetrating the Toyota account and leveraging success with Toyota to gain additional wins with other Japanese automakers [64][66] Question: Drivers of improved EBITDA margin outlook - Management explained that the improved EBITDA margin guidance incorporates strong H1 performance, nonrecurring items, and operational efficiencies [69][72] Question: BMS sales trajectory and future expectations - Management indicated that BMS sales are expected to stabilize, with a focus on expanding offerings beyond BMS into power electronics [92][88]

Financial Performance - Visteon's Q2 2025 net sales reached $969 million[4], while adjusted EBITDA stood at $134 million[4], representing a 13.8% margin[4] - Adjusted Free Cash Flow (FCF) was $67 million[4], and the company held $361 million in net cash[4] - The company is raising the midpoint of full-year sales guidance to $3775 million from $3750 million[24] - Visteon is initiating a quarterly dividend of $0.275 per share[37] Sales Performance by Region - Sales in the Americas were $328 million[8], with a growth-over-market (GoM) of (4%)[8] - European sales reached $341 million[8], achieving a GoM of 8%[8] - Rest of Asia (RoA) sales amounted to $214 million[8], also with a GoM of 8%[8] - China sales were $84 million[8], impacting Visteon's global GoM by (5%)[13] New Business Wins - Visteon secured $2 billion in new business wins[6] - Year-to-date new business wins totaled $3.9 billion[15], positioning the company to exceed its $6 billion full-year target[16] - Displays accounted for 53% of new business wins in the first half of 2025[15], while clusters represented 12%[15], and electrification & other 29%[15]

Company Overview - Stoneridge, Inc. is headquartered in Novi, Michigan and is a global supplier of safe and efficient electronic systems and technologies [2] - The company's systems and products are designed to power vehicle intelligence, enhancing safety and security for both on- and off-highway transportation sectors worldwide [2] Upcoming Events - Stoneridge, Inc. will host a live webcast of its second quarter 2025 earnings conference call on August 7, 2025, at 9:00 a.m. ET [1] - The conference call will feature president and CEO Jim Zizelman and CFO Matt Horvath [1] - The webcast can be accessed through the Presentations & Events page on the company's website [1]

Core Insights - Visteon Corporation has appointed Marjorie Sennett to its board of directors, effective immediately, enhancing its governance with her extensive experience in finance and technology [1][2] - Sennett's background includes serving on various boards and audit committees, as well as significant roles in institutional investment and public company CFO positions, which will benefit Visteon [2] - Visteon is recognized as a leader in automotive cockpit electronics and connected car solutions, with a strong focus on advancing technology in a rapidly growing sector [2][3] Company Overview - Visteon operates in the automotive technology sector, focusing on software-defined solutions that integrate digital cockpit innovations, advanced displays, AI-enhanced software, and electric vehicle architecture [3] - The company recorded annual sales of approximately $3.87 billion in 2024 and secured $6.1 billion in new business, indicating strong market performance and growth potential [3] - Headquartered in Van Buren Township, Michigan, Visteon has a global presence with operations in 17 countries, supported by a network of innovation centers and manufacturing facilities [3]