Welcome to our dedicated page for Gentex news (Ticker: GNTX), a resource for investors and traders seeking the latest updates and insights on Gentex stock.
Gentex Corporation reports recurring developments across automotive and adjacent technology markets, including digital vision, connected car systems, dimmable glass, fire protection technologies, medical devices and consumer electronics. Company updates commonly cover quarterly results, automotive sales trends, product mix, new technology launches, customer content gains, dividends and share repurchases.
News also reflects Gentex's product diversification after the completed VOXX acquisition, with references to remote start, security and telematics, rear-seat entertainment, premium audio, access control, smart-home safety and assistive-device products. Other recurring themes include CES technology demonstrations, supplier relationships, and Ops-Core headborne protection and situational-awareness products for law enforcement and military users.
Gentex Corporation (GNTX) announced its Q2 2020 results, reporting a 51% decline in net sales to $229.9 million due to the impact of COVID-19, with significant reductions in light vehicle production in North America (69%) and Europe (62%). Despite lower sales, the company generated positive cash flow of $39.2 million and maintained a strong balance sheet with $585 million in cash against $75 million in debt. The gross margin fell to 19.1% from 37.7% year-over-year. Gentex forecasts a 7% decline in light vehicle production for the second half of 2020, with estimated net sales of $865-$915 million.
Summary not available.
Gentex Corporation (NASDAQ: GNTX) has declared a quarterly cash dividend of $0.12 per share, payable on July 22, 2020, to shareholders of record by July 10, 2020. The Zeeland, Michigan-based company specializes in digital vision, connected car technologies, dimmable glass, and fire protection systems. Founded in 1974, Gentex is a leading supplier of automatic-dimming rearview mirrors and related electronics for the automotive market, as well as dimmable windows for aviation and fire protection products.
Gentex Corporation (NASDAQ: GNTX) announced that its 2020 Annual Meeting of Shareholders will be held virtually due to the COVID-19 pandemic, ensuring the health of its stakeholders. The meeting is scheduled for May 21, 2020, at 4:30 p.m. E.T. Shareholders as of March 23, 2020, can participate online using their control numbers provided in proxy materials. Guests may attend but cannot vote or ask questions. Shareholders are encouraged to vote in advance via the internet, telephone, or mail.