Gentex Corp Stock Price, News & Analysis

Gentex Corporation (NASDAQ: GNTX) has declared a quarterly cash dividend of $0.12 per share, payable on April 21, 2021. Shareholders of record as of April 9, 2021 will receive this dividend. Gentex, based in Zeeland, Michigan, is a leading supplier of technologies such as automatic-dimming mirrors and fire protection products for the automotive and aviation industries. The company aims to reward its shareholders while continuing to develop innovative solutions in its market.

Gentex Corporation (NASDAQ: GNTX) reported strong financial results for Q4 and the full year 2020. Q4 net sales reached $529.9 million, a 19% increase from Q4 2019, driven by a 42% rise in Full Display Mirror® shipments. Quarterly net income hit a record $143.3 million, marking a 44% year-over-year rise, with earnings per share at $0.58, a 49% increase. Despite an overall annual revenue decline of 9% to $1.68 billion due to reduced global vehicle production, the company forecasts revenue growth for 2021 and 2022, with a guidance range of $1.94 - $2.02 billion for 2021.

Gentex Corporation (NASDAQ: GNTX) has announced its acquisition of innovative nanofiber sensing technology that detects various chemicals, including explosives and volatile organic compounds. This technology, acquired with the Utah-based startup Vaporsens, enhances Gentex's strong position in electro-optical products for automotive, aerospace, and fire protection sectors. The nanofiber sensors offer high sensitivity in detecting chemicals in parts per billion and trillion ranges, opening new applications across multiple industries.

Gentex Corporation (NASDAQ: GNTX) provided an update during CES 2021 regarding its product development, highlighting new partnerships and technology advancements. The company, a supplier of electro-optical products, noted significant growth in its product offerings, including the Full Display Mirror (FDM), which is now shipped to 8 automakers and over 50 vehicle models. Additionally, Gentex announced collaborations with PayByCar and Simplenight to enhance vehicle connectivity and driver experience. The company also continues to innovate in medical technologies and aerospace applications.

Gentex Corporation (NASDAQ: GNTX) has partnered with Simplenight to enhance mobile capabilities for drivers and vehicle occupants. This collaboration aims to provide seamless access to personalized entertainment and lifestyle bookings, integrating with existing connected vehicle technologies. Simplenight’s platform will be incorporated into Gentex's HomeLink systems, enabling real-time bookings for various services. Gentex's CTO highlighted the synergy between both companies, emphasizing the growing demand for mobile commerce in transportation.

Gentex Corporation (NASDAQ: GNTX) announces the release of its fourth quarter and year-end financial results for 2020 on January 29, prior to market opening. The company will hold a conference call at 9:30 AM ET to discuss the results, which will be accessible to the public via a live audio webcast. Participants can join by dialing (844) 389-8658 with passcode 1054528, and a replay will be available approximately 24 hours after the call. This announcement is crucial for investors monitoring Gentex's financial performance amidst evolving market conditions.

Gentex Corporation (NASDAQ: GNTX) declared a quarterly cash dividend of $0.12 per share, payable on January 20, 2021, to shareholders of record as of January 8, 2021. This announcement reflects the company's ongoing commitment to returning value to its shareholders. Gentex, based in Zeeland, Michigan, is a leading supplier in automotive technology, including automatic-dimming mirrors and fire protection products.

Gentex Corporation (NASDAQ: GNTX) has partnered with PayByCar to implement a commercial agreement enabling touch-free payments for gas and essentials directly from vehicles. The collaboration aims to ensure compatibility between Gentex's Integrated Toll Module (ITM) and PayByCar's payment solution, enhancing convenience for drivers. This partnership responds to the rising demand for contactless transactions, allowing users to fuel up without cash or credit cards through identification via toll transponders. Both companies anticipate mutual growth as they expand their services.

Gentex Corporation (NASDAQ: GNTX) has pledged $60,000 annually for the next five years to support Kids’ Food Basket, a nonprofit addressing childhood hunger in West Michigan. This donation will primarily assist the 'Feeding our Future' campaign, funding program expansions and a renovation of their Holland location. Kids’ Food Basket serves over 8,800 children across multiple counties through its Sack Suppers program. The initiative aims to provide essential nutrition, helping to break the cycle of poverty in the community.