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 (GNTX) delivers cutting-edge solutions through its advanced digital vision systems and fire protection technologies. This news hub provides investors and industry professionals with essential updates about the company's innovations in automotive electronics, aerospace components, and safety-critical systems.
Access official press releases covering product developments, financial results, and strategic partnerships. Our curated collection features updates on manufacturing advancements, including Gentex's proprietary vacuum coating processes and CMOS camera innovations that enhance vehicle safety worldwide.
Bookmark this page for real-time updates on:
- Quarterly earnings and financial performance
- New product launches in connected car technologies
- Strategic collaborations with automotive OEMs
- Manufacturing process improvements
Stay informed about Gentex's vertical integration strategies and market leadership through our verified news stream. Check back regularly for authoritative updates directly impacting the automotive electronics sector.
Gentex (NASDAQ: GNTX) reported its Q2 2024 financial results. Key highlights include:
- Net sales of $572.9 million, down from $583.5 million in Q2 2023
- Gross profit margin of 32.9%, slightly lower than 33.1% in Q2 2023
- Net income of $86.0 million, compared to $109.2 million in Q2 2023
- Earnings per diluted share of $0.37, down from $0.47 in Q2 2023
The company faced challenges due to weakened light vehicle production in primary markets, with June sales significantly below forecast. Gentex updated its 2024 revenue guidance to $2.40 - $2.50 billion and gross margin to 34% - 34.5%. Despite setbacks, the company remains on track for record revenue in 2024 and 2025.
Gentex , a leading supplier of digital vision, connected car, dimmable glass, and fire protection technologies, announced the release date for its second quarter 2024 financial results. The report will be available on July 26, 2024, before the market opens, followed by a conference call at 9:30am ET for the investment community. A live audio webcast will be accessible to the general public. Participants can register in advance to ask questions or join a listen-only webcast. A replay will be available 24 hours post-event.
Gentex (NASDAQ: GNTX) announced a quarterly cash dividend of $0.12 per share for the second quarter of 2024. This dividend is payable on July 17, 2024, to shareholders of record as of July 5, 2024. Gentex, renowned for its digital vision, connected car, dimmable glass, and fire protection technologies, continues to provide value to its shareholders. The company, founded in 1974 and headquartered in Zeeland, Michigan, supplies advanced products to the automotive and aviation markets as well as the fire protection sector. For more details, visit their websites.
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