- Gentex’s first-quarter earnings per share (EPS) were 42 cents, matching analyst estimates.
- Net sales for Gentex were reported at $576.8 million, slightly above the $573.6 million estimate.
- Gross profit reached $191.7 million, exceeding the estimate of $189.4 million.
- The gross margin was 33.2%, surpassing the expected 32.7%.
- Net income totaled $94.9 million, above the projected $93.4 million.
- The company plans to update its revenue guidance for 2026 once the tariff situation becomes clearer.
- Revenue from a merger is expected to add $325 to $375 million annually, with a contribution to 2025 revenue of $240 to $280 million, pre-tariffs.
- Exterior mirror unit shipments declined by 15% in North America and 8% internationally due to a trim-mix impact.
- Sales shortfall for the quarter was approximately $25 to $30 million due to weaker than anticipated results.
- New tariff expenses impacted the gross margin with additional costs of about $650,000 in the quarter.
- Analyst recommendations include 5 buys, 6 holds, and no sells for Gentex.
Gentex Corp on Smartkarma
Analyst coverage of Gentex Corp on Smartkarma includes insights from Baptista Research. In their report “Gentex Corporation: Geographic & Customer Base Diversification to Stabilize & Boost Revenue Streams!”, the analyst highlights challenges faced by Gentex in the fourth quarter of 2024. Despite a notable decline in net sales attributed to reduced light vehicle production and softer vehicle build mix, the company aims to stabilize and boost revenue streams through diversification.
Furthermore, Baptista Research‘s report “Gentex Corporation: Expansion into Global Automotive Markets As A Critical Growth Lever! – Major Drivers” discusses Gentex’s positive performance in the third quarter of 2024. With an increase in net sales, Gentex outperformed primary markets despite a decline in global light vehicle production. The company’s gross margin improvement to 33.5% was driven by higher revenue levels and cost reductions, indicating growth potential in global automotive markets.
A look at Gentex Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Gentex Corp has a positive long-term outlook. With a Growth score of 4 and a Resilience score of 4, the company is positioned well for future development and to weather potential challenges. This indicates that Gentex Corp is expected to experience solid growth and demonstrate strong resilience in the face of market fluctuations.
While the Value, Dividend, and Momentum scores are slightly lower at 3, Gentex Corp still maintains a stable overall outlook. The company’s focus on innovative electro-optic technology products, such as automatic-dimming rearview mirrors and fire protection products, suggests a commitment to staying competitive in the market. Given its global presence, Gentex Corp is poised to continue providing quality solutions to customers worldwide.
Summary of the company: Gentex Corporation designs, manufactures, and markets products utilizing electro-optic technology, including automatic-dimming rearview mirrors and fire protection products. Their innovative Night Vision Safety Mirror adjusts automatically to eliminate rearview headlight glare. With a global reach, Gentex Corp is a key player in the electro-optic technology industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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