GNTX
Gentex Corporation23.94
+0.29+1.23%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A flags $45-50M 2026 headwinds
Q&A detailed 2026 gross margin puts and takes, pinning flattish YoY performance on $45-50 million headwinds from full-year tariffs and precious metals like silver and ruthenium, despite tailwinds from supplier pricing and VOXX synergies—now halfway to $40 million annual cash flow gains. China exports face ongoing declines, with two-thirds of lost sales from tech drops and one-third local alternatives, though upside lurks if OEMs build outside China. DRAM pricing spiked across products, but supply secured; recoveries planned like tariffs. Europe decontenting hit passenger mirrors. Headcount optimized. Q&A adds risk color without walk-backs. New DMS and visor ramps key to watch.
Key Stats
Market Cap
5.25BP/E (TTM)
14.17Basic EPS (TTM)
1.69Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
Gentex posted FY2025 net sales up 10% to drive 34.2% gross margins, boosted by the April VOXX acquisition adding $267M in revenue across automotive, audio, and other segments, yet core sales dipped 2% on China tariff hits while North America/Europe/Japan automotive rose 1% against flat production. Q4 momentum shone through margin gains from efficiencies and mix, despite 6% fewer auto-dimming mirror shipments (28.6M interior, 16.2M exterior); operating income held at 18.7%. Cash from operations hit $587M, funding $129M capex and $316M buybacks under a fresh 40M-share authorization, with working capital at $741M. Guidance eyes $2.60-2.70B revenue in 2026. Tariffs crimp China exports.
8-K
Q4 sales beat, margins peak
Gentex reported Q4 2025 consolidated net sales of $644.4M, up 19% year-over-year, driven by $103.4M from VOXX acquisition completed April 1; core Gentex sales flat at $541.0M despite 2% light vehicle production drop. Gross margin hit 35.5% for core (up 300bps), fueled by efficiencies offsetting tariffs. Returned $425.9M to shareholders. Guides 2026 revenue $2.60-2.70B.
10-Q
Q3 FY2025 results
Gentex posted Q3 net sales of $655.2M, up 8% y/y, fueled by $84.9M from the April 2025 VOXX acquisition for $148.3M cash, yet core sales dipped 6% amid softer mirror shipments. Gross margin lifted to 34.4% from 33.5% y/y on cost cuts and mix, while operating income edged down to $122.3M from $125.7M as SG&A swelled with VOXX and $0.5M severance. Diluted EPS fell to $0.46 from $0.53, matching 216M shares. Ops cash flow hit $461.6M YTD; cash sits at $178.6M with $350M revolver available, short-term debt $4.1M. Acquisitions added $16.2M goodwill. Tariffs crimp China demand.
8-K
Q3 sales up 8%, margins expand
Gentex reported Q3 consolidated net sales of $655.2M, up 8% YoY thanks to $84.9M from VOXX acquisition, while core Gentex sales dipped 6% to $570.3M amid China tariffs and Europe weakness. Gross margin expanded to 34.4%, with core Gentex at 34.9% via cost controls. Shares repurchased: $28.3M. Raised 2025 revenue guidance to $2.50–$2.60B.
10-Q
Q2 FY2025 results
Gentex posted Q2 net sales of $657.9M, up 15% y/y, driven by the April 1, 2025 VOXX acquisition for $148.3M cash that added $78.8M revenue and Premium Audio segment, while core automotive grew 1% y/y despite 5% lower mirror shipments. Gross profit hit $225.3M (34.2% margin, up from 32.9% y/y), operating income $118.5M edged prior year's $114.9M despite $6.8M severance, with diluted EPS steady at $0.43. Cash fell to $119.8M after $314.6M operating cash flow funded $202M buybacks, $143M VOXX deal, $68M capex; revolver fully available, short-term debt $3.9M at 2.5% to 2031. VOXX closed for cash, no goodwill specified. Tariffs crimp China sales.
ADNT
Adient plc
18.96+0.20
CAAS
China Automotive Systems, Inc.
4.35-0.07
ECX
ECARX Holdings Inc.
1.69+0.09
FRSX
Foresight Autonomous Holdings L
1.66-0.14
GPC
Genuine Parts Company
129.46-2.45
GTX
Garrett Motion Inc.
16.85-0.02
HSAI
Hesai Group
21.64+0.76
LEA
Lear Corporation
115.51-0.56
THRM
Gentherm Inc
36.94-0.31
VC
Visteon Corporation
101.98-0.67