Core Insights - Gentex Corporation reported a consolidated net sales of $644.4 million for Q4 2025, a 19% increase from $541.6 million in Q4 2024, with VOXX contributing $103.4 million to this revenue [3][6] - The consolidated gross margin for Q4 2025 was 34.8%, up from 32.5% in Q4 2024, while the core Gentex gross margin was 35.5%, reflecting a 300 basis-point increase [4][6] - For the calendar year 2025, consolidated net sales reached $2.53 billion, a 10% increase from $2.31 billion in 2024, while core Gentex sales were $2.27 billion, a 2% decline compared to 2024 [12][16] Financial Performance - Consolidated income from operations for Q4 2025 was $120.1 million, compared to $89.8 million in Q4 2024, marking a significant increase [8] - The net income attributable to Gentex for Q4 2025 was $93.0 million, up from $87.7 million in Q4 2024, with earnings per diluted share increasing to $0.43 from $0.39 [11][6] - For the full year 2025, the consolidated net income attributable to Gentex was $384.8 million, down from $404.5 million in 2024, with earnings per diluted share at $1.74 compared to $1.76 in 2024 [16][17] Operational Highlights - Consolidated operating expenses in Q4 2025 were $104.4 million, up from $86.5 million in Q4 2024, primarily due to the VOXX acquisition [5] - Core Gentex operating expenses (excluding VOXX) were $79.8 million in Q4 2025, down from $86.5 million in Q4 2024, which included impairment charges [5][7] - The company repurchased 3.8 million shares in Q4 2025 at an average price of $23.43 per share, totaling $319.0 million for the year [21] Market and Product Insights - Gentex Automotive net sales for Q4 2025 were $527.6 million, slightly down from $531.3 million in Q4 2024, with a year-over-year decline in auto-dimming mirror shipments of 3% [18] - Other net sales, including products like dimmable aircraft windows and medical devices, increased to $13.3 million in Q4 2025 from $10.3 million in Q4 2024 [19] - VOXX's net sales contributed $267.2 million for the calendar year 2025, reflecting strong seasonal demand [20] Future Guidance - For 2026, the company expects consolidated revenue between $2.60 billion and $2.70 billion, with a gross margin target of 34% to 35% [24] - The company anticipates a slight decline in light vehicle production in its primary markets, with a forecasted total of 76.5 million units in 2026 [22][23] - The company aims to achieve approximately $40 million per year in positive cash flow from planned cost improvement initiatives [26]

Core Viewpoint - Gentex Corporation will release its Fourth Quarter and Year End 2025 financial results on January 30, 2026, before market opens [1] Group 1 - The company is based in Zeeland, Michigan, and specializes in digital vision, connected car technologies, dimmable glass, fire protection technologies, and consumer electronics [1] - A conference call for the investment community will be held at 9:30 am ET to discuss the financial results [1] - The call will be accessible to the general public via a live audio webcast [2] Group 2 - 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, although registration can occur ahead of time [2] - A replay of the webcast will be available approximately 24 hours after the call concludes [3]

Core Insights - Gentex (GNTX) is expanding beyond automotive mirrors and smart glass technologies into advanced safety and connected vehicle systems, indicating a strategic shift in its business model [2] - The company has maintained steady profitability supported by a strong balance sheet and disciplined management, with innovation driving growth opportunities through new products and acquisitions [2] - Gentex's acquisition of VOXX resulted in an 8% increase in consolidated sales during Q3 2025 and improved gross margins due to operational synergies [3] Financial Performance - The anticipated shipments for Full Display Mirror technology are expected to rise by 200,000 to 300,000 units in 2025 compared to the previous year, reflecting robust demand [3] - The management updated the 2025 consolidated revenue forecast to $2.5-$2.6 billion, showcasing confidence in the company's growth trajectory [3] - Gentex boasts a free cash flow yield of 9.4%, with an operating margin of 19.0% over the last 12 months, and a revenue growth of 3.0% [10] Valuation Metrics - GNTX stock is currently trading at 35% below its 2-year high and 14% below its 1-month high, with a price-to-sales ratio lower than its 3-year average, indicating an appealing valuation [10] - The average forward returns for GNTX are projected at 10.4% for 6 months and 20.4% for 12 months, with a win rate of around 74% for positive returns over the 12-month period [11]

Core Points - Gentex Corporation will release its third quarter 2025 financial results on October 24, 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 Points - Gentex Corporation will release its second quarter 2025 financial results on July 25, 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] Replay Information - A webcast replay will be available approximately 24 hours after the conclusion of the call [3]