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.
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- Quarterly earnings and financial performance
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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 Corporation (NASDAQ: GNTX) has declared a quarterly cash dividend of $0.12 per share, to be paid on January 19, 2022. Shareholders must be on record by January 7, 2022 to qualify for this dividend. This announcement reflects Gentex's commitment to returning value to its shareholders. The company specializes in advanced technologies for the automotive and aviation sectors, including automatic-dimming mirrors and fire protection products. With a strong market position since its founding in 1974, Gentex continues to focus on innovation and growth.
Gentex Corporation (NASDAQ: GNTX) showcased several custom vehicle builds at the SEMA show, including a high-tech Chevrolet Silverado and a unique C8 Corvette designed by Label Motorsports. The booth highlights Gentex's advanced prototyping capabilities, emphasizing their expertise in vehicle connectivity and digital vision technologies. Notable features include a forged carbon fiber rearview mirror and a specialized trailer cam for enhanced functionality. The event runs from November 2-5 in Las Vegas, marking a return to in-person exhibitions after a hiatus.
Gentex Corporation (NASDAQ: GNTX) reported Q3 2021 net sales of $399.6 million, down from $474.6 million in Q3 2020, amid a 23% drop in light vehicle production driven by supply chain issues. Gross profit margin decreased to 35.3%, and net income fell to $76.7 million from $117.1 million year-over-year. The company repurchased 2.83 million shares at an average price of $32 each. Despite challenges, Gentex expects revenue between $770 million and $840 million for H2 2021, reflecting ongoing supply constraints, with a positive outlook for future growth and demand.
Gentex Corporation (NASDAQ: GNTX) has acquired a unique laminating technology for lightweight, ultra-thin glass designed for aircraft applications. This technology enhances products like cabin partitions and mirrors, improving durability and performance compared to polycarbonate structures. The acquisition stems from Gentex's purchase of Air-Craftglass, a startup focused on glass solutions for aviation. The company plans to integrate these proprietary techniques to diversify its aerospace offerings, potentially expanding into other markets. Gentex will showcase its innovations at the NBAA Business Aviation Convention from October 12-14, 2021.
Gentex Corporation (NASDAQ: GNTX) will release its 2021 third quarter financial results on October 22, 2021, before market open. A conference call for the investment community is scheduled for 9:30 AM ET to discuss the results. The call will also be available as a live audio webcast.
Participants can join via phone at (844) 389-8658 with passcode 8370639 or stream online at gentex.com. A replay will be accessible approximately 24 hours post-call.
Gentex Corporation (NASDAQ: GNTX) announced the acquisition of Guardian Optical Technologies, a startup specializing in driver and cabin monitoring solutions. Guardian's technology integrates an advanced multi-modal sensor capable of assessing occupant behavior and detecting vital signs. This acquisition enhances Gentex's capabilities in cabin monitoring and allows for innovative designs, particularly in smart rearview mirrors. The integration aims to provide automakers with comprehensive monitoring solutions for increased safety and convenience in vehicles.
Gentex Corporation anticipates increased demand for its digital vision solutions in the growing Light Commercial Vehicle (LCV) market, driven by e-commerce and logistics services. The company's Full Display Mirror (FDM) system enhances rear visibility for LCVs, addressing unique challenges faced by drivers. Gentex is currently shipping for one LCV platform and expects several more over the next year. Additionally, the company partnered with Rinspeed to introduce the CitySnap delivery vehicle, which integrates their innovative technology. CitySnap will be showcased at the IAA Mobility show in Munich from September 7-12, 2021.
Gentex Corporation (NASDAQ: GNTX) showcased its innovations in digital vision, connected car technologies, and dimmable glass at the IAA Mobility show in Munich. Key features include the Full Display Mirror (FDM) for enhanced rear views, HomeLink for car-to-home automation, and the Integrated Toll Module for seamless toll collection. Gentex is also advancing in-cabin monitoring systems to improve passenger safety and air quality. The company leads the market in dimmable devices, shipping over 40 million units annually. The IAA Mobility show runs from September 7-12, 2021.
On August 10, 2021, May Mobility announced the launch of an on-demand autonomous vehicle (AV) shuttle service in Grand Rapids, Michigan, effective July 26, 2021. This service replaces a fixed route with a more flexible system, covering a 1.36 sq. mile zone with over 20 designated pick-up and drop-off areas. The service operates Monday to Friday from 7 am to 7 pm, offering free rides. The initiative aims to enhance accessibility and connectivity for underserved neighborhoods, supported by technology from Via. The partnership fosters advancements in autonomous transportation.
Gentex Corporation (NASDAQ: GNTX) has declared a quarterly cash dividend of $0.12 per share, payable on October 21, 2021, to shareholders recorded by October 8, 2021. Additionally, the company authorized a share repurchase of 25 million shares. CEO Steve Downing emphasized the importance of financial discipline amid pandemic challenges, focusing on profitability, cash generation, and growth through capital expenditures and mergers. Since 2015, Gentex has repurchased approximately 86 million shares and paid around $720 million in dividends, showcasing its commitment to shareholder value.