Gentex Corp Stock Price, News & Analysis

The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine has designated Ulta Beauty (NASDAQ: ULTA) as the "Stock to Study" and Gentex (NASDAQ: GNTX) as the "Undervalued Stock" for January/February 2023. This recognition comes amid a market surge, reinforcing BetterInvesting's principles of regular investing regardless of market conditions. The committee emphasizes the importance of investor education and encourages independent analysis before making investment decisions. For insights, refer to the magazine's January/February 2023 issue.

Gentex Corporation (NASDAQ: GNTX) is set to showcase its innovative product lineup at the SEMA Show in Las Vegas from November 1-4, 2022. Key highlights include video-based digital rearview mirrors for both passenger and professional racing vehicles, a dimmable sun visor concept, and in-vehicle connectivity solutions. The company will also present a custom Chevrolet Silverado and matching Vorsheer trailer. Known for its contributions to automotive safety and technology, Gentex aims to strengthen customer engagement with e-concierge services integrated into vehicle applications.

Gentex Corporation (NASDAQ: GNTX) reported a strong third quarter in 2022, with net sales of $493.6 million, marking a 24% increase from $399.6 million in Q3 2021. Despite challenges such as customer order fluctuations and supply chain issues, the company achieved a gross profit margin of 29.8%. However, net income dipped to $72.7 million, down from $76.7 million year-over-year. The company repurchased 0.9 million shares, totaling $22.3 million. Future production forecasts show growth, but ongoing challenges may affect revenue projections.

Gentex Corporation has launched the Gentex Foundation, a nonprofit organization dedicated to charitable giving, alongside the Amanda Clark Scholarship for female high school seniors pursuing STEM degrees. The Foundation will focus on providing grants to nonprofits in various sectors, including economic development and diversity initiatives. Gentex, a major employer in Ottawa County with over 5,300 employees, recently announced a $300 million expansion that will create 500 jobs in West Michigan, reinforcing its commitment to community support and employee development.

Gentex Corporation (NASDAQ: GNTX) is set to release its third quarter 2022 financial results on October 28, before the market opens. A conference call will follow at 9:30 AM ET for the investment community to discuss these results. Participants can register for the call to receive dial-in numbers or join via a listen-only webcast. A replay of the call will be available 24 hours post-event. The announcement highlights Gentex's continuous commitment to financial transparency and engagement with its investors.

Gentex Corporation (NASDAQ: GNTX) announced a quarterly cash dividend of $0.12 per share, payable on October 19, 2022. Shareholders on record by the close of business on October 7, 2022 will receive this dividend. Founded in 1974, Gentex specializes in digital vision, connected car technologies, dimmable glass, and fire protection. The company serves the automotive and aviation markets with innovative products, including automatic-dimming rearview mirrors and fire protection technologies.

Gentex Corporation (NASDAQ: GNTX) reported Q2 2022 net sales of $463.4 million, an 8% increase from Q2 2021. Gross profit margin was 32.0%, down from 35.4% last year, primarily due to inflationary pressures and lower-than-expected sales. Net income decreased to $72.4 million, or $0.31 per share. The company experienced a sales shortfall of $70-$80 million due to production reductions and component supply shortages. Future guidance indicates potential growth with light vehicle production expected to rise 21% in Q3 2022.

Gentex Corporation (NASDAQ: GNTX), based in Zeeland, Michigan, will release its Q2 2022 financial results on July 22, before market opening. The company will conduct a conference call for investors at 9:30 AM ET to discuss these results. Interested participants can register to receive dial-in information, while a listen-only option is available via a live audio webcast. A replay of the call will be accessible approximately 24 hours later on the company's investor relations website.

Gentex Corporation (NASDAQ: GNTX), based in Zeeland, Michigan, has declared a quarterly cash dividend of $0.12 per share. This dividend will be payable on July 20, 2022, to shareholders who are on record at the close of business on July 8, 2022. The company is known for its advanced technologies in digital vision, connected car systems, dimmable glass, and fire protection.