Gentex Reports Third Quarter 2025 Financial Results
Gentex (NASDAQ: GNTX) reported consolidated Q3 2025 results on Oct 24, 2025: net sales $655.2M (includes VOXX), consolidated gross margin 34.4%, consolidated net income attributable to Gentex $101.0M, and diluted EPS of $0.46. Core Gentex revenue (ex-VOXX) was $570.3M, down 6% year-over-year; VOXX contributed $84.9M. The company repurchased 1.0M shares in Q3 for $28.3M (YTD 9.8M shares, $230.5M). Gentex updated 2025 guidance: consolidated revenue $2.50–$2.60B, gross margin 33.5%–34%, capex $115–$125M, and tax rate 16%–16.5%.
The release notes regional softness in Europe and China, tariff impacts, and post-acquisition integration focus for VOXX.
Gentex (NASDAQ: GNTX) ha riferito i risultati consolidati del terzo trimestre 2025 il 24 ottobre 2025: ricavi netti 655,2 milioni di dollari (inclusi VOXX), margine lordo consolidato 34,4%, utile netto consolidato attribuibile a Gentex 101,0 milioni di dollari e utili per azione diluiti di 0,46 dollari. Le entrate principali di Gentex (escluso VOXX) sono state 570,3 milioni di dollari, in calo del 6% anno su anno; VOXX ha contribuito 84,9 milioni di dollari. L'azienda ha riacquistato 1,0 milioni di azioni nel trimestre per 28,3 milioni di dollari (YTD 9,8 milioni di azioni, 230,5 milioni di dollari). Gentex ha aggiornato le previsioni per il 2025: ricavi consolidati 2,50–2,60 miliardi di dollari, margine lordo 33,5%–34%, capex 115–125 milioni di dollari e reddito fiscale 16%–16,5%.
Il comunicato evidenzia una certa debolezza regionale in Europa e in Cina, gli effetti delle tariffe e l'integrazione post-acquisizione di VOXX.
Gentex (NASDAQ: GNTX) informó los resultados consolidados del tercer trimestre de 2025 el 24 de octubre de 2025: ventas netas 655,2 millones de dólares (incluye VOXX), margen bruto consolidado 34,4%, ingreso neto consolidado atribuible a Gentex 101,0 millones de dólares, y ventas por acción diluidas de 0,46 dólares. Los ingresos principales de Gentex (excluido VOXX) fueron 570,3 millones de dólares, una caída del 6% interanual; VOXX contribuyó 84,9 millones de dólares. La empresa recompró 1,0 millones de acciones en el tercer trimestre por 28,3 millones de dólares (YTD 9,8 millones de acciones, 230,5 millones de dólares). Gentex actualizó las perspectivas para 2025: ingresos consolidados 2,50–2,60 mil millones de dólares, margen bruto 33,5%–34%, capex 115–125 millones de dólares y tasa impositiva 16%–16,5%.
El comunicado señala debilidad regional en Europa y China, impactos por aranceles y enfoque en la integración post-adquisición de VOXX.
젠텍스(Gentex, NASDAQ: GNTX)는 2025년 10월 24일에 2025년 3분기 통합 실적을 발표했습니다: 순매출 6억 5520만 달러 (VOXX 포함), 통합 매출총이익률 34.4%, Gentex에 귀속되는 통합 순이익 1억 100만 달러, 희석 주당순이익 0.46달러. 핵심 Gentex 매출(VOXX 제외)은 5억 7030만 달러, 전년 동기 대비 6% 감소; VOXX의 기여분은 8,490만 달러였습니다. 회사는 3분기에 100만 주를 2830만 달러에 재매입했고(연간 누적 980만 주, 2억 3050만 달러). Gentex는 2025년 가이던스를 업데이트했습니다: 연간 통합 매출 25억~26억 달러, 매출총이익률 33.5%~34%, 설비자본지출 115–125 만 달러, 법인세율 16%~16.5%.
발표문은 유럽과 중국의 지역적 약세, 관세 영향, VOXX 인수 후 통합에 대한 집중을 언급합니다.
Gentex (NASDAQ: GNTX) a publié les résultats consolidés du troisième trimestre 2025 le 24 octobre 2025: ventes nettes 655,2 millions de dollars (inclut VOXX), marge brute consolidée 34,4%, résultat net consolidé attribuable à Gentex 101,0 millions de dollars, et bénéfice par action dilué de 0,46 $. Le chiffre d'affaires principal de Gentex (hors VOXX) s’établit à 570,3 millions de dollars, en baisse de 6% sur un an; VOXX a contribué 84,9 millions de dollars. L’entreprise a racheté 1,0 million d’actions au T3 pour 28,3 millions de dollars (YTD 9,8 millions d’actions, 230,5 millions de dollars). Gentex a révisé ses prévisions pour 2025: chiffre d’affaires consolidé 2,50–2,60 milliards de dollars, marge brute 33,5%–34%, capex 115–125 millions de dollars, taux d’imposition 16%–16,5%.
Le communiqué souligne une faiblesse régionale en Europe et en Chine, les impacts tarifaires et l’accent sur l’intégration post-acquisition de VOXX.
Gentex (NASDAQ: GNTX) meldete am 24. Oktober 2025 die konsolidierten Ergebnisse für das dritte Quartal 2025: Netto-Umsatz 655,2 Mio. USD (einschließlich VOXX), konsolidierte Bruttomarge 34,4%, konsolidierter Nettogewinn, der Gentex zurechenbar ist, 101,0 Mio. USD, und verwässerter Gewinn pro Aktie von 0,46 USD. Der Kerngeschäftsumsatz von Gentex (ohne VOXX) betrug 570,3 Mio. USD, ein Rückgang von 6% gegenüber dem Vorjahr; VOXX trug 84,9 Mio. USD bei. Das Unternehmen tätigte im dritten Quartal einen Aktienrückkauf von 1,0 Mio. Aktien im Wert von 28,3 Mio. USD (YTD 9,8 Mio. Aktien, 230,5 Mio. USD). Gentex hat die Guidance für 2025 aktualisiert: konsolidierter Umsatz 2,50–2,60 Mrd. USD, Bruttomarge 33,5%–34%, Capex 115–125 Mio. USD, und Steuersatz 16%–16,5%.
Die Pressemitteilung verweist auf regionale Schwächen in Europa und China, Zollerhöhungen und den Fokus auf die Integration von VOXX nach der Übernahme.
جينتكس (ناسداك: GNTX) أبلغت عن نتائج موحدة للربع الثالث من 2025 في 24 أكتوبر 2025: المبيعات الصافية 655.2 مليون دولار (يشمل VOXX)، وهوامش الربح الإجمالي الموحد 34.4%، وصافي الدخل الموحد القابل لل Gentex 101.0 مليون دولار، وربحية السهم المخفّفة 0.46 دولار. كانت إيرادات Gentex الأساسية (بدون VOXX) 570.3 مليون دولار، بانخفاض 6% على أساس سنوي؛ مساهمة VOXX كانت 84.9 مليون دولار. الشركة أعادت شراء 1.0 مليون سهم في الربع الثالث بقيمة 28.3 مليون دولار (حتى تاريخه 9.8 مليون سهم، 230.5 مليون دولار). حدّثت Gentex توجيهات 2025: الإيرادات المجمعة 2.50–2.60 مليار دولار، هامش الربح الإجمالي 33.5%–34%، النفقات الرأسمالية 115–125 مليون دولار، ومعدل الضريبة 16%–16.5%.
تشير البيان إلى ضعْف إقليمي في أوروبا والصين، تأثير الرسوم الجمركية، والتركيز على الدمج بعد الاستحواذ لـ VOXX.
- Consolidated Q3 net sales of $655.2M
- Consolidated gross margin improved +90 bps to 34.4%
- VOXX contributed $84.9M in Q3 revenue
- Share repurchases YTD: 9.8M shares for $230.5M
- Updated 2025 consolidated revenue guidance: $2.50–$2.60B
- Core Gentex revenue (ex-VOXX) down 6% YoY
- Automotive sales declined from $596.5M to $558.0M Q3
- China revenue down 35% to ~$34M in Q3
- Diluted EPS fell from $0.53 to $0.46 YoY
- Operating expenses rose to $102.8M (VOXX added $23.7M)
Insights
Gentex reported mixed Q3 2025 results: consolidated revenue rose on VOXX contribution, core sales fell and margins improved.
Consolidated net sales were
Operating income was
The company updated 2025 guidance to consolidated revenue of
Dependencies and risks include continued tariff and counter‑tariff impacts in China, regional mix shifts (notably weaker European and China trim levels), and the integration of VOXX which added revenue but also raised operating expenses and acquisition-related costs. Watch near-term indicators such as quarterly core revenue trends, gross margin trajectory excluding one-time items, realization of VOXX synergies, and management commentary at the next quarterly release and any updates to the S&P Global Mobility production outlook over the next fiscal quarter.
ZEELAND, Mich., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and consumer electronics, today reported financial results for the three and nine months ended September 30, 2025.
Third Quarter 2025 Highlights
- Gentex and VOXX International Corporation ("VOXX") Consolidated net sales totaled $655.2 million, an
8% increase compared to the third quarter of 2024, which did not include VOXX - Core Gentex net sales (excluding VOXX) totaled
$570.3 million in the third quarter of 2025 - Consolidated gross margin of
34.4% , an increase of 90 basis points from the third quarter of 2024, which did not include VOXX - Core Gentex gross margin (excluding VOXX) of
34.9% , an increase of 140 basis points compared to33.5% in the third quarter of 2024 - Consolidated income from operations of
$122.3 million - Consolidated net income attributable to Gentex of
$101.0 million - Consolidated earnings per diluted share attributable to Gentex of
$0.46 - 1.0 million shares repurchased during the quarter totaling
$28.3 million
Financial Summary
For the third quarter of 2025, the Company reported consolidated net sales of Gentex and VOXX of
For the third quarter of 2025, the Company's consolidated gross margin was
Consolidated operating expenses during the third quarter of 2025 were
Core Gentex operating expenses (excluding VOXX) were
Consolidated income from operations for the third quarter of 2025 was
Total other loss was
During the third quarter of 2025, the Company had an effective tax rate of
Consolidated net income attributable to Gentex for the third quarter of 2025 was
Consolidated earnings per diluted share attributable to Gentex for the third quarter of 2025 were
Revenue By Category
Gentex Automotive
Gentex Automotive net sales were
Gentex Other
Net sales from Gentex’s Other product lines, which include dimmable aircraft windows, fire protection products, medical devices, and biometrics, were
VOXX
VOXX net sales contributed
Share Repurchases
During the third quarter of 2025, the Company repurchased 1.0 million shares of its common stock at an average price of
Future Estimates
The Company’s light vehicle production forecast for the fourth quarter of 2025 and full years 2025 and 2026 are based on the mid-October 2025 S&P Global Mobility outlook for North America, Europe, Japan/Korea, and China. Global light vehicle production for the fourth quarter of 2025 is expected to decline approximately
| Light Vehicle Production (per S&P Global Mobility mid-October light vehicle production forecast) | ||||||||||
| (in Millions) | ||||||||||
| Region | Q4 2025 | Q4 2024 | % Change | Calendar Year 2026 | Calendar Year 2025 | Calendar Year 2024 | 2026 vs 2025 % Change | 2025 vs 2024 % Change | ||
| North America | 3.47 | 3.62 | (4)% | 14.75 | 15.14 | 15.45 | (3)% | (2)% | ||
| Europe | 4.26 | 4.35 | (2)% | 16.84 | 16.87 | 17.17 | —% | (2)% | ||
| Japan and Korea | 3.06 | 3.22 | (5)% | 11.54 | 12.05 | 11.98 | (4)% | |||
| China | 9.06 | 9.52 | (5)% | 31.71 | 32.03 | 30.09 | (1)% | |||
| Total Light Vehicle Production | 19.85 | 20.71 | (4)% | 74.84 | 76.09 | 74.69 | (2)% | |||
Based on the updated light vehicle production forecast and actual results for the first nine months of 2025, reduced demand in the China market stemming from recently implemented counter-tariffs, and the expected incremental sales contribution from the VOXX acquisition, the Company is making certain changes to its full-year 2025 guidance. The updated guidance reflects the anticipated impact of all known tariffs effective as of October 23, 2025.
2025 Annual Guidance (as of October 24, 2025)
(Note: amounts may not total due to rounding)
- Consolidated Revenue:
$2.50 –$2.60 billion (previously:$2.44 –$2.61 billion )- Gentex primary markets:
$2.14 –$2.15 billion (previously$2.10 –$2.20 billion ) - Gentex China market:
$135 –$145 million (previously$100 –$125 million ) - VOXX Revenue estimate:
$250 –$275 million (previously$240 –$280 million )
- Gentex primary markets:
- Gross Margin:
33.5% –34% (previously33% –34% )- Gentex (stand-alone):
34.25% –34.75% (previously34% –34.5% ) - VOXX (stand-alone):
28% –29% (previously27% –29% )
- Gentex (stand-alone):
- Operating Expenses (excluding severance):
$380 –$390 million (previously$370 –$390 million )
- Gentex:
$305 –$310 million (previously$300 – 310 million) - VOXX:
$75 –$80 million (previously$70 –$80 million )
- Gentex:
- Tax Rate:
16% –16.5% (previously16% –17% )
- Capital Expenditures:
$115 –$125 million (previously$100 –$125 million )
- Depreciation & Amortization:
$96 –$99 million (previously$91 – 98 million)
- Gentex:
$95 –$96 million (previously$90 – 95 million) - VOXX:
$1 –$3 million (unchanged)
- Gentex:
Closing Remarks
“The third quarter is best summarized as a continuation of the underlying economic environment of the last year and a half. Light vehicle production levels in our primary markets have improved versus previous forecasts, but any progress is in contrast to the declining production levels experienced over the past few years. Additionally, the previous two quarters were impacted by mix weakness in Europe, Japan and Korea, as well as continued headwinds in China due to the ongoing tariff environment.
While core Gentex revenue in the third quarter of 2025 was lower compared to both the second quarter of 2025 and the same quarter last year, our strong business discipline and operational focus enabled us to deliver another meaningful improvement in gross margin. The Company’s focus on business discipline, expense management, and operational improvements has helped improve margins despite incremental tariff headwinds that were not reimbursed during the quarter. As we move into the fourth quarter, our teams will be focused on bringing the same type of improvements to the VOXX organization to ensure the combined organization is structured to support sustainable profitability and create shareholder value,” concluded Downing.
Safe Harbor for Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements contained in this communication that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “hope,” “intend,” "likely", “may,” “opinion,” “optimistic,” “plan,” “poised,” “predict,” “project,” “should,” “strategy,” “target,” “will,” "work to," and variations of such words and similar expressions. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company’s control, and could cause the Company’s results to differ materially from those described. These risks and uncertainties include, without limitation: changes in general industry or regional market conditions, including the impact of inflation; changes in consumer and customer preferences for our products (such as cameras replacing mirrors and/or autonomous driving); our ability to be awarded new business; continued uncertainty in pricing negotiations with customers and suppliers; loss of business from increased competition; changes in strategic relationships; customer bankruptcies or divestiture of customer brands; fluctuation in vehicle production schedules (including the impact of customer employee strikes); changes in product mix; raw material and other supply shortages; labor shortages, supply chain constraints and disruptions; our dependence on information systems; higher raw material, fuel, energy and other costs; unfavorable fluctuations in currencies or interest rates in the regions in which we operate; costs or difficulties related to the integration and/or ability to maximize the value of any new or acquired technologies and businesses; changes in regulatory conditions; warranty and recall claims and other litigation and customer reactions thereto; possible adverse results of pending or future litigation or infringement claims; changes in tax laws; import and export duty and tariff rates in or with the countries with which we conduct business; negative impact of any governmental investigations and associated litigation, including securities litigation relating to the conduct of our business; and force majeure events. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made.
The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law or the rules of the NASDAQ Global Select Market. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties identified under the heading “Risk Factors” in the Company’s latest Form 10-K and Form 10-Q filed with the SEC, which risks and uncertainties include tariffs and supply chain constraints that have affected, are affecting, and will continue to affect, general economic and industry conditions, customers, suppliers, and the regulatory environment in which the Company operates. Includes content supplied by S&P Global Mobility Light Vehicle Production Forecast of October 15, 2025 (http://www.gentex.com/forecast-disclaimer).
Third Quarter Conference Call
A conference call related to this news release will be simulcast live on the Internet beginning at 9:30 a.m. ET today, October 24, 2025. Participants who wish to ask questions may register for the call at https://register-conf.media-server.com/register/BI3fa4621a9dcf456484d38655ae33eb6c.
It is recommended that participants join 10 minutes prior to the event start, although they may register ahead of the call and dial in at any time during the call. Participants may listen to the call via audio streaming https://edge.media-server.com/mmc/p/72bgutxv. A webcast replay will be available approximately 24 hours after the conclusion of the call at http://ir.gentex.com/events-and-presentations/upcoming-past-events.
About the Company
Founded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and consumer electronics. Visit the Company’s web site at www.gentex.com.
Contact Information:
Gentex Investor & Media Contact
Josh O'Berski
616.931.3505
| GENTEX CORPORATION AUTO-DIMMING MIRROR SHIPMENTS (Thousands) | |||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||
| 2025 | 2024 | % Change | 2025 | 2024 | % Change | ||||||
| North American Interior Mirrors | 2,285 | 2,291 | —% | 6,755 | 6,899 | (2)% | |||||
| North American Exterior Mirrors | 1,545 | 1,532 | 4,440 | 4,858 | (9)% | ||||||
| Total North American Mirror Units | 3,830 | 3,823 | —% | 11,195 | 11,757 | (5)% | |||||
| International Interior Mirrors | 4,896 | 5,569 | (12)% | 15,349 | 16,313 | (6)% | |||||
| International Exterior Mirrors | 2,520 | 2,830 | (11)% | 7,820 | 8,808 | (11)% | |||||
| Total International Mirror Units | 7,416 | 8,399 | (12)% | 23,169 | 25,120 | (8)% | |||||
| Total Interior Mirrors | 7,181 | 7,860 | (9)% | 22,104 | 23,211 | (5)% | |||||
| Total Exterior Mirrors | 4,065 | 4,362 | (7)% | 12,260 | 13,665 | (10)% | |||||
| Total Auto-Dimming Mirror Units | 11,246 | 12,221 | (8)% | 34,364 | 36,877 | (7)% | |||||
Note: Percent change and amounts may not total due to rounding. | |||||||||||
| GENTEX CORPORATION AND SUBSIDIARIES | ||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||
| (Unaudited) | ||||||||||||
| Three Months Ended September 30, 2025 and 2024 | ||||||||||||
| Supplemental Information | Consolidated | |||||||||||
| Gentex | VOXX | 2025 | 2024 | |||||||||
| Net Sales | $ | 570,315,994 | $ | 84,920,061 | $ | 655,236,055 | $ | 608,525,777 | ||||
| Cost of Goods Sold | 371,401,261 | 58,668,057 | 430,069,318 | 404,462,142 | ||||||||
| Gross Profit | 198,914,733 | 26,252,004 | 225,166,737 | 204,063,635 | ||||||||
| Engineering, Research & Development | 46,706,956 | 5,927,751 | 52,634,707 | 48,225,968 | ||||||||
| Selling, General & Administrative | 31,942,830 | 17,744,072 | 49,686,902 | 30,109,515 | ||||||||
| Severance Expense | 518,190 | — | 518,190 | — | ||||||||
| Operating Expenses | 79,167,976 | 23,671,823 | 102,839,799 | 78,335,483 | ||||||||
| Income from Operations | 119,746,757 | 2,580,181 | 122,326,938 | 125,728,152 | ||||||||
| Other (Loss)/Income | (4,102,048) | 2,345,818 | (1,756,230) | 19,727,198 | ||||||||
| Income before Income Taxes | 115,644,709 | 4,925,999 | 120,570,708 | 145,455,350 | ||||||||
| Income Tax Provision | 18,410,372 | 1,273,632 | 19,684,004 | 22,906,309 | ||||||||
| Net Income | 97,234,337 | 3,652,367 | $ | 100,886,704 | $ | 122,549,041 | ||||||
| Less: Net loss attributable to non-controlling interest | — | (81,206) | (81,206) | — | ||||||||
| Net Income Attributable to Gentex Corporation | $ | 97,234,337 | $ | 3,733,573 | $ | 100,967,910 | $ | 122,549,041 | ||||
| Earnings Per Share Attributable to Gentex Corporation(1) | ||||||||||||
| Basic | $ | 0.44 | $ | 0.02 | $ | 0.46 | $ | 0.54 | ||||
| Diluted | $ | 0.44 | $ | 0.02 | $ | 0.46 | $ | 0.53 | ||||
| Cash Dividends Declared per Share | $ | 0.120 | $ | 0.120 | ||||||||
(1) Earnings Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards. | ||||||||||||
| GENTEX CORPORATION AND SUBSIDIARIES | ||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||
| (Unaudited) | ||||||||||||
| Nine Months Ended September 30, 2025 and 2024 | ||||||||||||
| Supplemental Information | ||||||||||||
| Gentex | VOXX | 2025 | 2024 | |||||||||
| Net Sales | $ | 1,726,113,742 | 163,753,613 | $ | 1,889,867,355 | $ | 1,771,676,766 | |||||
| Cost of Goods Sold | 1,130,986,075 | 116,690,053 | 1,247,676,128 | 1,176,812,215 | ||||||||
| Gross Profit | 595,127,667 | 47,063,560 | 642,191,227 | 594,864,551 | ||||||||
| Engineering, Research & Development | 138,075,347 | 11,955,001 | 150,030,348 | 134,411,948 | ||||||||
| Selling, General & Administrative | 90,953,333 | 37,181,929 | 128,135,262 | 90,494,117 | ||||||||
| Severance Expense | 9,604,204 | 587,234 | 10,191,438 | — | ||||||||
| Operating Expenses | 238,632,884 | 49,724,164 | 288,357,048 | 224,906,065 | ||||||||
| Income (Loss) from Operations | 356,494,783 | (2,660,604) | 353,834,179 | 369,958,486 | ||||||||
| Other (Loss)/Income | (6,602,795) | 2,437,045 | (4,165,750) | 4,475,771 | ||||||||
| Income (Loss) Before Income Taxes | 349,891,988 | (223,559) | 349,668,429 | 374,434,257 | ||||||||
| Income Tax Provision | 57,700,975 | 556,255 | 58,257,230 | 57,614,063 | ||||||||
| Net Income (Loss) | 292,191,013 | (779,814) | $ | 291,411,199 | $ | 316,820,194 | ||||||
| Less: Net loss attributable to non-controlling interest | — | (470,340) | (470,340) | — | ||||||||
| Net Income (Loss) Attributable to Gentex Corporation | $ | 292,191,013 | $ | (309,474) | $ | 291,881,539 | $ | 316,820,194 | ||||
| Earnings Per Share Attributable to Gentex Corporation(1) | ||||||||||||
| Basic | $ | 1.31 | $ | — | $ | 1.31 | $ | 1.38 | ||||
| Diluted | $ | 1.31 | $ | — | $ | 1.31 | $ | 1.38 | ||||
| Cash Dividends Declared per Share | $ | 0.360 | $ | 0.360 | ||||||||
(1) Earnings Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards. | ||||||||||||
| GENTEX CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS | |||||
| September 30, 2025 | December 31, 2024 | ||||
| (Unaudited) | (Note) | ||||
| ASSETS | |||||
| Cash and Cash Equivalents | $ | 178,589,422 | $ | 233,318,766 | |
| Short-Term Investments | 4,815,376 | 22,304,829 | |||
| Accounts Receivable, net | 384,673,839 | 295,344,353 | |||
| Inventories | 499,243,613 | 436,497,445 | |||
| Other Current Assets | 101,151,652 | 49,862,777 | |||
| Total Current Assets | 1,168,473,902 | 1,037,328,170 | |||
| Plant and Equipment – Net | 799,496,473 | 728,481,467 | |||
| Goodwill | 356,913,957 | 340,668,927 | |||
| Long-Term Investments | 247,357,706 | 339,604,044 | |||
| Intangible Assets, net | 191,437,576 | 195,157,160 | |||
| Deferred Tax Asset | 92,660,519 | 53,154,832 | |||
| Patents and Other Assets, net | 82,414,519 | 66,426,375 | |||
| Total Other Assets | 970,784,277 | 995,011,338 | |||
| Total Assets | $ | 2,938,754,652 | $ | 2,760,820,975 | |
| LIABILITIES AND SHAREHOLDERS' INVESTMENT | |||||
| Current Liabilities | $ | 394,456,229 | $ | 252,692,676 | |
| Other Non-current Liabilities | 45,097,267 | 36,028,644 | |||
| Deferred Income Taxes | 1,666,672 | — | |||
| Redeemable Non-controlling Interest | 2,319,658 | — | |||
| Shareholders' Investment | 2,495,214,826 | 2,472,099,655 | |||
| Total Liabilities & Shareholders' Investment | $ | 2,938,754,652 | $ | 2,760,820,975 | |
Note: The condensed consolidated balance sheet at December 31, 2024 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. | |||||
This press release was published by a CLEAR® Verified individual.
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