Gentex Earnings Calls

Mar 31, 2025
Release date Apr 25, 2025
EPS estimate $0.430
EPS actual $0.430
Revenue estimate 613.376M
Revenue actual 576.773M
Revenue Surprise -5.97%
Dec 31, 2024
$0.390 (-20.41%)
Release date Jan 31, 2025
EPS estimate $0.490
EPS actual $0.390
EPS Surprise -20.41%
Revenue estimate 615.557M
Revenue actual 541.638M
Revenue Surprise -12.01%
Sep 30, 2024
$0.530 (10.42%)
Release date Oct 25, 2024
EPS estimate $0.480
EPS actual $0.530
EPS Surprise 10.42%
Revenue estimate 588.315M
Revenue actual 608.526M
Revenue Surprise 3.44%
Jun 30, 2024
$0.370 (-28.85%)
Release date Jul 26, 2024
EPS estimate $0.520
EPS actual $0.370
EPS Surprise -28.85%
Revenue estimate 617.981M
Revenue actual 572.926M
Revenue Surprise -7.29%

Last 4 Quarters for Gentex

Below you can see how GNTX performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Jun 30, 2024 Missed
Release date Jul 26, 2024
Price on release $31.20
EPS estimate $0.520
EPS actual $0.370
EPS surprise -28.85%
Date Price
Jul 22, 2024 $33.28
Jul 23, 2024 $33.23
Jul 24, 2024 $32.49
Jul 25, 2024 $32.56
Jul 26, 2024 $31.20
Jul 29, 2024 $31.35
Jul 30, 2024 $30.91
Jul 31, 2024 $31.06
Aug 01, 2024 $30.46
4 days before -6.25%
4 days after -2.37%
On release day 0.481%
Change in period -8.47%
Sep 30, 2024 Beat
Release date Oct 25, 2024
Price on release $31.25
EPS estimate $0.480
EPS actual $0.530
EPS surprise 10.42%
Date Price
Oct 21, 2024 $29.50
Oct 22, 2024 $29.37
Oct 23, 2024 $29.52
Oct 24, 2024 $29.66
Oct 25, 2024 $31.25
Oct 28, 2024 $31.30
Oct 29, 2024 $31.34
Oct 30, 2024 $31.11
Oct 31, 2024 $30.31
4 days before 5.93%
4 days after -3.01%
On release day 0.160%
Change in period 2.75%
Dec 31, 2024 Missed
Release date Jan 31, 2025
Price on release $25.92
EPS estimate $0.490
EPS actual $0.390
EPS surprise -20.41%
Date Price
Jan 27, 2025 $28.48
Jan 28, 2025 $27.92
Jan 29, 2025 $27.83
Jan 30, 2025 $28.22
Jan 31, 2025 $25.92
Feb 03, 2025 $25.17
Feb 04, 2025 $25.72
Feb 05, 2025 $25.30
Feb 06, 2025 $25.04
4 days before -8.99%
4 days after -3.40%
On release day -2.89%
Change in period -12.08%
Mar 31, 2025
Release date Apr 25, 2025
Price on release $21.36
EPS estimate $0.430
EPS actual $0.430
Date Price
Apr 21, 2025 $21.29
Apr 22, 2025 $21.75
Apr 23, 2025 $21.67
Apr 24, 2025 $21.97
Apr 25, 2025 $21.36
Apr 28, 2025 $21.79
Apr 29, 2025 $22.01
Apr 30, 2025 $21.78
May 01, 2025 $21.66
4 days before 0.329%
4 days after 1.40%
On release day 2.01%
Change in period 1.74%

Gentex Earnings Call Transcript Summary of Q1 2025

Gentex Corporation Q1 2025 Earnings Call Summary for Investors

Financial Highlights

  • Net Sales: $576.8 million, down from $590.2 million in Q1 2024, primarily due to a weaker trim mix in light vehicle production and lower auto-dimming mirror unit shipments.
  • Gross Margin: 33.2%, compared to 34.3% in Q1 2024. Although margins improved sequentially from Q4 2024 by 70 basis points due to cost reductions, they were impacted by new tariffs (approximately $650,000).
  • Operating Expenses: Increased by 8% to $78.7 million, influenced by severance-related costs and one-time expenses due to the VOXX merger.
  • Net Income: $94.9 million, down from $108.2 million year-over-year.
  • Earnings per Share: $0.42, down from $0.47 in Q1 2024.

Market Overview

  • Global light vehicle production rose by 1% year over year but fell by 3% quarter over quarter in key markets (North America, Europe, Japan, Korea).
  • The company faced a sales shortfall of $25-30 million due to weaker than forecasted demand and trim mix changes.
  • Auto-dimming mirror unit shipments declined by 7% compared to the previous year.

Strategic Developments

  • Shareholder Meeting: The company urged shareholders to support board member Leslie Braun amid diversity criticism from Glass Lewis regarding female representation.
  • Tariff Impact: The company suspended production of mirrors for the China market due to escalating tariffs and customer responses. Q1 guidance includes expected tariffs, leading to a projected revenue impact of $100-150 million for 2025 primarily due to anticipated declines in North American production.
  • Revenue Guidance: Revised guidance indicates revenue between $2.1 billion and $2.2 billion for primary markets, with China-specific revenue between $50 million and $120 million.

Product Innovations

  • 21 new auto-dimming mirror nameplate launches in Q1, with expectations for continued growth, particularly in full display mirrors and driver monitoring systems.
  • The driver monitoring system recently launched on Rivian vehicles, expected to drive further revenue growth in 2025-2026.

VOXX Merger

  • The merger, closed on April 1, is anticipated to contribute $240-280 million to 2025 revenue, though tariff impacts may affect final numbers.
  • Future pricing strategies are being evaluated to manage costs associated with tariffs.

Financial Position

  • The company maintains a strong cash position ($286.6 million) and ongoing share repurchase plans (3.1 million shares repurchased in Q1).
  • Encouraged by the potential for share buybacks in response to the current share price, and confident in long-term growth driven by product innovations.

Key Takeaways for Investors

  • Gentex is managing market challenges, particularly related to tariffs and vehicle production declines, but continues to focus on innovation.
  • Share repurchase strategies and a strong cash position indicate confidence in long-term value creation.
  • Guidance reflects a conservative approach due to uncertainties in the China market, offering a potential upside if tariffs are alleviated.
  • Overall, Gentex remains optimistic about future growth from product innovations, particularly in automotive technologies.

Gentex Earnings History

Earnings Calendar

FAQ

When is the earnings report for GNTX?
Gentex Corporation (GNTX) has scheduled its earnings report for Jul 25, 2025 before the markets open.

What is the GNTX price-to-earnings (P/E) ratio?
GNTX P/E ratio as of Jun 20, 2025 (TTM) is 12.40.

What is the GNTX EPS forecast?
The forecasted EPS (Earnings Per Share) for Gentex Corporation (GNTX) for the first fiscal quarter 2025 is $0.400.

What are Gentex Corporation's retained earnings?
On its balance sheet, Gentex Corporation reported retained earnings of $576.77 million for the latest quarter ending Mar 31, 2025.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT GENTEX CORPORATION
Gentex
Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming ...
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