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.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

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.

ZEELAND, Mich., Oct. 22, 2021 (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 nine months ended September 30, 2021.

Gentex Reports Third Quarter 2021 Financial Results

Gentex (GNTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Gentex (GNTX) to Report a Decline in Earnings: What to Look Out for

Gentex Corp (NASDAQ: GNTX) has acquired a laminating technology that yields durable, lightweight, ultra-thin glass engineered for aircraft cabin partitions, mirrors, and wood veneer applications. The financial terms of the deal were not disclosed.

Gentex Acquires New Thin-Glass Laminating Technology

ZEELAND, Mich., Oct. 11, 2021 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX ) today announced the acquisition of a unique laminating technology that yields durable, lightweight, ultra-thin glass engineered for aircraft cabin partitions, mirrors and wood veneer applications.

Gentex Expands Aerospace Offering With Acquisition of New Thin-Glass Laminating Technology

As consumers get more comfortable doing all types of different transactions on their phones, they're bringing those same connected expectations for convenience and security to their cars and trucks. For Michigan-based Gentex Corporation, that path forward comes in the form of three “transactional vehicle offerings” that it provides to automakers, that are embedded into vehicles […]

Gentex Looks To Turn The Connected Car Into A Mobile Point of Sale Terminal

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ZEELAND, Mich., Sept. 06, 2021 (GLOBE NEWSWIRE) -- The global Light Commercial Vehicle (LCV) market is experiencing significant growth, fueled in part by the rise in e-commerce, commercial and third-party logistics services, and the “last-mile” delivery market. Subsequently, automotive supplier Gentex Corporation anticipates increased demand for its digital vision solutions designed to address the unique rear visibility challenges inherent to LCVs and cargo vans.

Gentex Targets Light Commercial Vehicles for Its Digital Rearview Mirrors; Supplies Vision & Sensing Features for Rinspeed CitySnap

ZEELAND, Mich., Sept. 06, 2021 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX ) today announced the acquisition of Guardian Optical Technologies, an Israeli startup that pioneered a unique, multi-modal sensor technology designed to provide a comprehensive suite of driver- and cabin-monitoring solutions for the automotive industry.

Gentex Expands Cabin Monitoring Capabilities With the Acquisition of Guardian Optical Technologies

MUNICH, Germany, Sept. 03, 2021 (GLOBE NEWSWIRE) -- At the all-new IAA Mobility show in Munich, Germany, Gentex Corporation (NASDAQ: GNTX ) will demonstrate its latest digital vision, connected car, in-cabin monitoring, and dimmable glass technologies. It will exhibit a mix of features ready for automaker implementation as well as emerging technologies for new mobility models and the coming autonomous age.

Gentex to Demonstrate Latest Automotive Technology at IAA Mobility

ANN ARBOR, Mich., Aug. 10, 2021 /PRNewswire/ -- May Mobility , a leader in autonomous vehicle (AV) technology and shuttle operations, in partnership with the City of Grand Rapids, Via, the leader in TransitTech , and Gentex , today announced the launch of an on-demand AV shuttle service in Grand Rapids, Michigan.

May Mobility Announces On-Demand Autonomous Service In Grand Rapids, Michigan

ZEELAND, Mich., Aug. 04, 2021 (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 on October 21, 2021 to shareholders of record of the common stock at the close of business on October 8, 2021. Additionally, Gentex's board of directors approved an additional share repurchase authorization of 25 million shares.

Gentex Announces Third Quarter 2021 Cash Dividend and New Share Repurchase Authorization

Gentex Corporation's (GNTX) CEO Steve Downing on Q2 2021 Results - Earnings Call Transcript

Gentex (GNTX) anticipates lower light vehicle production, and high commodity, freight and labor expenses to weigh on the firm's earnings as well as sales for second-half 2021.

Gentex (GNTX) Q2 Earnings & Sales Miss Mark, 2H'21 View Dull

Gentex Corp (NASDAQ: GNTX) reported second-quarter FY21 net revenue growth of 86.2% year-on-year to $428 million, missing the analyst consensus of $470.58 million. Automotive net sales improved 89% to $420.6 million.

Gentex Q2 Results Miss Estimates

Shares of Gentex (NASDAQ:GNTX) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share were up 1700.00% year over year to $0.36, which missed the estimate of $0.45.

Gentex: Q2 Earnings Insights

ZEELAND, Mich., July 23, 2021 (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, 2021.

Gentex Reports Second Quarter 2021 Financial Results

ZEELAND, Mich., June 30, 2021 (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 2021 second quarter financial results on Friday, July 23, 2021, before the market opens. The Company will host a conference call for the investment community at 9:30am ET to discuss the results. The call will also be available to the general public via a live audio webcast.

Gentex Schedules Second Quarter 2021 Earnings Release Date and Conference Call

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Gentex and Logitech Show High Profit, Low Debt

ZEELAND, Mich., June 07, 2021 (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 21, 2021, to shareholders of record of the common stock at the close of business on July 9, 2021.

Gentex Announces Second Quarter 2021 Cash Dividend

ZEELAND, Mich., May 27, 2021 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX ), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, was recently named a 2020 Technology and Development Award winner by Toyota Motor Corporation. This award recognizes automotive suppliers for superior innovation and product development efforts.

Gentex Awarded Technology & Development Award from Toyota Motor Corporation for Its Mirror-Integrated Digital Video Recorder

ZEELAND, Mich., May 07, 2021 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, announced today that due to ongoing government regulations and recommendations regarding COVID-19, and in the interest of the health and well-being of its shareholders, team members, and communities, its 2021 Annual Meeting of Shareholders now will be held in a virtual-only meeting format.

Gentex Announces Virtual Meeting Format for 2021 Annual Meeting of Shareholders

Gentex (GNTX) envisions 2021 net sales in the band of $1.94-$2.02 billion, indicating an increase from 2020 revenues of $1.68 billion.

Gentex's (GNTX) Q1 Earnings & Sales Lag Estimates, Rise Y/Y

Gentex Corporation (GNTX) CEO Steve Downing on Q1 2021 Results - Earnings Call Transcript

Gentex (GNTX) delivered earnings and revenue surprises of -6.12% and -1.13%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Gentex (GNTX) Q1 Earnings and Revenues Miss Estimates

Shares of Gentex (NASDAQ:GNTX) remained unaffected after the company reported Q1 results. Quarterly Results Earnings per share were up 27.78% over the past year to $0.46, which missed the estimate of $0.49.

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