Gentex

Gentex Corp. is a technology company, which engages in the design, development, and manufacture and supply of digital vision, connected car, dimmable glass, and fire protection products. The firm operates through Automotive Products and Other segments. The Automotive Products segment operates in virtually all the foregoing facilities. The Other segment operates in certain Zeeland, Michigan facilities, as well as research and development offices in Salt Lake City, Utah and Santa Clara, CA. Its products include automatic-dimming rearview mirrors, dimmable aircraft windows, and commercial smoke alarms and signaling devices for the fire protection industry. The company was founded by Fred Bauer in 1974 and is headquartered in Zeeland, MI.

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Gentex (GNTX) reports record sales and tech innovation outlook

Gentex's strong financial performance in Q4 2022 and record full-year net sales demonstrate resilience and growth potential. Despite cost challenges and a forecast adjustment, the company's focus on innovation and market expansion positions it well for the future. Strategic efforts to improve margins and manage costs indicate a proactive approach to sustainable growth.

Gentex achieves record sales in Q1 2023 amidst margin challenges

Gentex delivered robust financial performance in Q1 2023, driven by record sales and operational efficiency.
While facing margin challenges from cost pressures, the company's focus on innovation and cost management positions it for future growth.
Opportunities lie in margin improvement initiatives, product innovation, and market expansion, supported by positive industry trends.
Overall, Gentex's strategic initiatives and strong market position set a positive trajectory for future performance and shareholder value.

Gentex (GNTX) reports stellar Q2 results, eyes growth opportunities

Gentex delivered robust financial performance in Q2 2023, with significant sales and income growth. The company's emphasis on cost reduction, margin improvement, and strategic growth initiatives bode well for future prospects. Challenges in managing inflation and acquisitions require careful navigation, but opportunities in new product launches and revenue growth are promising.

Gentex (GNTX) excels in Q3 2023, eyes revenue growth and innovation

Gentex (GNTX) delivered a robust performance in Q3 2023, marked by revenue growth, improved profitability, and strong market demand for automotive products.
While facing challenges such as rising expenses and production declines, the company is well-positioned to capitalize on opportunities for revenue expansion and operational optimization.
By focusing on cost management, product innovation, and strategic growth initiatives, Gentex aims to achieve its financial targets and sustain long-term success in the automotive technology sector.
Overall, Gentex's Q3 performance underscores its resilience, adaptability, and strategic vision in navigating market dynamics and driving sustainable growth.

Gentex reports robust Q4 earnings and eyes growth opportunities

Gentex's strong financial performance, focus on innovation, and strategic guidance for 2024 position the company for continued growth and profitability.
While facing challenges such as capacity constraints and operational expenses, Gentex's resilience and market opportunities present avenues for sustained success.
Efforts to address inventory gaps, optimize gross margins, and expand into new markets underscore Gentex's commitment to long-term value creation and competitiveness.
Overall, Gentex's financial health, product innovation, and market strategies align to drive future growth and shareholder value.

Gentex reports robust Q1 earnings, eyes China expansion opportunities

Gentex (GNTX) delivered a strong performance in Q1 2024 with revenue growth, margin improvement, and profitability enhancements.
Despite challenges in light vehicle production and tariff-related issues, the company remains focused on innovation, margin recovery, and market expansion.
With a solid financial position, ongoing R&D efforts, and a strategic shift towards top-line growth, Gentex is well-positioned for future success.
The company's emphasis on new technologies, product launches, and market opportunities underscores its commitment to sustainable growth and shareholder value.

Gentex reports Q2 sales dip, eyes growth in new products

Gentex faced sales challenges in Q2 2024 but maintained profitability through cost controls.
Investments in R&D and new products signal a focus on future growth and innovation.
Despite market adjustments impacting income, the company remains optimistic about its 2024 outlook.
Strong cash reserves and strategic initiatives position Gentex well for future opportunities.

Gentex reports robust Q3 earnings, eyes innovation for growth

Gentex delivered strong financial results in Q3 2024, showcasing resilience and growth amidst industry challenges.
While facing margin and production issues, the company's strategic investments in R&D and new products are driving profitability.
With a solid cash position and ongoing innovation efforts, Gentex is well-positioned to capitalize on future opportunities and navigate market uncertainties.

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Gentex Corp. engages in the business of designing, developing, manufacturing, marketing, and supplying digital vision, connected car, dimmable glass, and fire protection technologies including automatic-dimming rearview and non-dimming mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. It operates under the Automotive Products and Other segments. The Automotive Products segment focuses on operating virtually all the foregoing facilities. The Other segment includes dimmable aircraft windows, fire protection products, nanofiber, and medical. The company was founded by Fred Bauer in 1974 and is headquartered in Zeeland, MI.

MUNICH, Germany, Aug. 31, 2023 (GLOBE NEWSWIRE) -- At the IAA Mobility show in Munich, Germany, Gentex Corporation (NASDAQ: GNTX) plans to showcase its scalable driver monitoring system designed to help automakers meet impending safety regulations aimed at reducing traffic fatalities and injuries. The company will also demonstrate its growing expertise in thermal imaging with Israel-based technology partner, ADASKY.

Gentex to Highlight Driver Monitoring Capabilities at IAA Mobility

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Why Gentex (GNTX) is a Top Momentum Stock for the Long-Term

Gentex (GNTX) puts on a stellar show in Q2, with earnings and sales not just beating expectations but also increasing year over year.

Gentex (GNTX) Q2 Earnings Beat Estimates, Increase 52% Y/Y

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Gentex Corporation (NASDAQ:GNTX ) Q2 2023 Earnings Conference Call July 28, 2023 9:30 AM ET Company Participants Josh O'Berski - Director, IR Steven Downing - President, CEO & Director Kevin Nash - VP, Finance, CFO, Treasurer & CAO Neil Boehm - CTO & VP, Engineering Conference Call Participants Luke Junk - Robert W. Baird & Co. Ronald Jewsikow - Guggenheim Securities John Murphy - Bank of America Merrill Lynch Charles Sloan - Oak Family Advisors James Picariello - BNP Paribas Exane David Whiston - Morningstar Operator Good day, and thank you for standing by.

Gentex Corporation (GNTX) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Gentex (GNTX) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Gentex (GNTX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Gentex (GNTX) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.31 per share a year ago.

Gentex (GNTX) Q2 Earnings and Revenues Top Estimates

ZEELAND, Mich., July 28, 2023 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and six months ended June 30, 2023.

Gentex Reports Second Quarter 2023 Financial Results

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ZEELAND, Mich., June 30, 2023 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, is pleased to announce that it will release its second quarter 2023 financial results on Friday, July 28, before the market opens. The Company will host a conference call for the investment community at 9:30am ET to discuss the results.

Gentex Schedules Second Quarter 2023 Earnings Release Date and Conference Call

Gentex Corporation's valuation is more attractive than it used to be, but the stagnant dividend yield and lack of growth potential make it unappealing. Gentex has a strong capital structure, with total assets significantly outweighing total liabilities, but the dividend yield is not competitive compared to risk-free investments and the stock price has been stagnant since 2019. The market seems overly optimistic about Gentex growth prospects, and since Treasuries offer better risk-adjusted returns, they are a better alternative.

Gentex Corporation: Returns Not Worth The Risk

ZEELAND, Mich., June 27, 2023 (GLOBE NEWSWIRE) -- The Gentex Foundation has selected the first recipients of the Amanda Clark Scholarship, a new program announced in October of last year, to support female high school seniors pursuing a degree in science, technology, engineering, or math (STEM).

Gentex Foundation Awards First Recipients of College Scholarship to Support Women in Stem

Gentex Corporation, a producer of digital vision and connected car products, has underperformed recently despite a solid track record and absence of debt. The company's Q1 2023 revenue was $550.8 million, a 17.6% increase from the previous year, with net income up 11.5% to $97.6 million. Despite not being cheap compared to similar firms, GNTX's strong financial condition and continued growth warrant a soft 'buy' rating.

Gentex: An Attractive Play Even In Light Of Recent Underperformance

LES MANS, France, June 09, 2023 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), an official supplier partner of Peugeot Sport and leading provider of vision-related technologies to the global automotive industry, has equipped Peugeot's all-new 9X8 Hybrid Hypercar with an intelligent rear vision system designed to optimize the vehicle's rearward view during the upcoming 24 Hours of Le Mans and for the FIA World Endurance Championship.

Peugeot Hybrid Hypercar With Gentex Digital Vision System Ready for the 24 Hours of Le Mans

ZEELAND, Mich., May 31, 2023 (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 July 19, 2023, to shareholders of record of the common stock at the close of business on July 7, 2023.

Gentex Announces Second Quarter 2023 Cash Dividend

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Gentex (GNTX) puts up a stellar show in Q1, with earnings and sales not just beating expectations but also increasing year over year.

Gentex (GNTX) Q1 Earnings Top Estimates, Rise 13.5% Y/Y

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ORLANDO, Fla. , May 8, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that its Board of Directors unanimously approved the nomination of Steve Downing as a Director of VOXX for the upcoming Fiscal Year at its 2023 Annual Meeting of Stockholders.

VOXX International Corporation's Board of Directors Nominates Gentex Corporation's President and Chief Executive Officer Steve Downing, to Serve as a Director of VOXX at the Company's 2023 Annual Meeting of Stockholders

ZEELAND, Mich., May 05, 2023 (GLOBE NEWSWIRE) -- Dozens of representatives from educational institutions, community organizations, economic development groups, and state and local government gathered today in Zeeland, Michigan, as Gentex Corporation (NASDAQ: GNTX ) and the ODC Network (ODC) broke ground on the Gentex Discovery Preschool, an on-site daycare center and preschool designed to provide quality, subsidized childcare for the children of Gentex employees.

Gentex and ODC Network Break Ground on Innovative Preschool

ZEELAND, Mich., May 01, 2023 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that it has closed an agreement with ADASKY as the lead investor in a Series B round of financing and has also established a commercial, engineering, and manufacturing collaboration agreement to help bring ADASKY's proprietary technology to market.

Gentex Announces Investment and Collaboration Agreement With ADASKY

Gentex Corporation (NASDAQ:GNTX ) Q1 2023 Earnings Conference Call April 28, 2023 9:30 AM ET Company Participants Josh O'Berski - Director, Investor Relations Steve Downing - President & Chief Executive Officer Kevin Nash - Vice President of Finance & Chief Financial Officer Neil Boehm - Vice President of Engineering & Chief Technology Officer Conference Call Participants Ron Jewsikow - Guggenheim Partners James Picariello - BNP Paribas Exane Luke Junk - Baird Josh Nichols - B. Riley John Murphy - Bank of America David Whiston - Morningstar Operator Good day, and thank you for standing by.

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