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Gentex Corporation  (GNTX)
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Price: $34.6250 $-0.02 -0.072%
Day's High: $34.61 Week Perf: -0.36 %
Day's Low: $ 34.36 30 Day Perf: 2.11 %
Volume (M): 23 52 Wk High: $ 37.58
Volume (M$): $ 799 52 Wk Avg: $32.24
Open: $34.59 52 Wk Low: $25.86



 Market Capitalization (Millions $) 7,973
 Shares Outstanding (Millions) 230
 Employees 4,757
 Revenues (TTM) (Millions $) 2,337
 Net Income (TTM) (Millions $) 439
 Cash Flow (TTM) (Millions $) 30
 Capital Exp. (TTM) (Millions $) 173

Gentex Corporation

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s largest business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize proprietary electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. Within this business segment, the Company also designs, develops and manufactures various electronics features that are value added features to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles. The Company ships its products to all of the major automotive producing regions worldwide, which it supports with numerous sales, engineering and distribution locations worldwide.

The Company was organized as a Michigan corporation in 1974 to manufacture smoke detectors, a product line that has since evolved to include a variety of fire protection products. In 1982, the Company introduced an interior electro-mechanical automatic-dimming rearview mirror as an alternative to the manual day/night rearview mirrors for automotive applications. In 1987, the Company introduced an interior electrochromic automatic-dimming rearview mirror for automotive applications. In 1991, the Company introduced an exterior electrochromic automatic-dimming rearview mirror for automotive applications. In 1997, the Company began making volume shipments of three new exterior mirror sub-assembly products: thin glass flat, convex and aspheric. In 2005, the Company began making volume shipments of its new bezel-free exterior automatic-dimming mirror. In 2005, the Company announced, and in 2010 began delivering electrochromic dimmable aircraft windows for the aviation industry. In 2013, the Company acquired HomeLink®, a wireless vehicle/home communications product that enables drivers to remotely activate garage door openers, entry door locks, home lighting, security systems, entry gates and other radio frequency convenience products for automotive applications, wherein the Company had previously been a licensee of HomeLink® and had been, since 2003, integrating HomeLink® into its interior automatic-dimming rearview mirrors. In 2015, the Company began making volume shipments of the Full Display Mirror, which is an on-demand, mirror-borne LCD display that streams live, panoramic video of the vehicles rearward view in order to improve driver rear vision. Also in 2015, the Company signed an exclusive agreement in the ordinary course of business with TransCore to integrate TransCores Universal Toll Module™ ("UTM") technology into its interior automatic-dimming rearview mirrors. The interior mirror is the optimal location for a vehicle-integrated toll transponder and it eliminates the need to affix multiple toll tags to the windshield. Automotive revenues represent approximately 98% of the Companys total revenue, consisting of interior and exterior electrochromic automatic-dimming rearview mirrors and automotive electronics.


The Company’s interior electrochromic automatic-dimming rearview mirrors also power the application of the Company’s exterior electrochromic automatic-dimming rearview mirrors that darken to reduce glare and improve visibility for the driver. These electronic exterior mirrors typically range in size and shape per automaker specification, but also include additional features such as turn signal indicators, side blind zone indicators, and courtesy lighting. The Company also ships exterior non-automatic-dimming rearview mirrors with similar electronic features available in its automatic-dimming applications.

The Company manufactures other automotive electronics products both inside and outside of the rearview mirror through HomeLink® applications in the vehicle including the rearview mirror, interior visor, overhead console, or center console.

The Company continually seeks to develop new products and is currently working to introduce additional advanced-feature automatic-dimming mirrors. Advanced-feature automatic-dimming mirrors currently being offered by the Company include, SmartBeam® and certain driver-assist features, HomeLink®, frameless mirror designs, LED map lamps, compass and temperature displays, telematics, universal toll modules, hands free communication, as well as Rear Camera Display (RCD) and Full Display (FDM) interior mirrors, proprietary exterior turn signals, side blind zone indicators and various other exterior mirror features that improve safety and field of view.

 



   Company Address: 600 N. Centennial Zeeland 49464 MI
   Company Phone Number: 772-1800   Stock Exchange / Ticker: NASDAQ GNTX
   


Customers Net Income grew by GNTX's Customers Net Profit Margin grew to

59.02 %

9.71 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Gentex Corporation

Gentex Corporation Thrives with 11.9% Income Growth in Q1 2024 Financial Results

Gentex Corporation is a company that specializes in auto and truck parts. They recently announced their financial results for the period from January to March 31, 2024, and the numbers were impressive. Revenue increased by 6.986% to $589.24 million compared to the previous year, while income rose by 11.9% to $0.47 per share. This is particularly noteworthy considering that the average revenue for the auto and truck parts sector saw a decline of 1.04%.
The company's positive results come as a surprise to many, as the industry as a whole has experienced a decline in revenue. In addition, Gentex Corporation's revenue decreased slightly by -0.018% from the previous period, while income per share decreased by -5.95%. However, net earnings for the period increased by 10.92% to $108.231 million compared to the same period last year.

Product Service News

Gentex's HomeLink Smart Home Solutions: Augmenting Convenience and Security in Modern Living

Published Tue, Feb 27 2024 1:00 PM UTC

In today's rapidly evolving technological landscape, the concept of a smart home has swiftly transitioned from being a futuristic notion to a tangible reality. Gentex, a leading provider of advanced electronic products, has now ventured into the realm of smart home technology with its innovative HomeLink Smart Home Solutions. This comprehensive and curated suite of products ...

Gentex Corporation

Gentex Corporation: Auto & Truck Parts Company Reports Remarkable 19.386% Revenue Increase2.

Investors Rejoice as Gentex Corporation Reports Impressive Fiscal Period Performance
Gentex Corporation, a leading technology company in the Auto & Truck Parts industry, has delighted investors with its strong financial performance in the fiscal period ending December 31, 2023. The company achieved significant growth in both profit and revenue, outperforming the overall sector.
Profit per share saw an impressive increase of 35.14% to $0.50 per share, while revenue improved by 19.386% to $589.35 million compared to the prior year period. These results far exceeded expectations, especially considering the -0.30% reduction in business experienced by the Auto & Truck Parts sector as a whole.

Partnership

Gentex and Solace: Pioneering the Future of Wireless Power with Revolutionary Partnership

Published Mon, Jan 8 2024 1:01 PM UTC

Gentex and Solace Join Forces to Revolutionize Wireless Power TechnologyGentex Corporation, a leading provider of manufacturing and technology products, has announced an exciting partnership with Solace, a renowned innovator in wireless power systems. The collaboration aims to harness Solace's cutting-edge technology and commercialize it for the next generation of wireless p...

Gentex Corporation

Gentex Corporation shines with remarkable financial growth and exceptional conduct over Q3 2023

Gentex Corporation, a company operating in the Auto & Truck Parts industry, has seen significant growth in its stock value over the past 5 trading days and the past 12 months. Its stock recorded a solid gain of 6.1% during the past 5 trading days and an impressive 26.66% over the past 12 months. Currently listed on the NASDAQ, the stock is trading 3.1% above its 52-week average.
A key factor contributing to this growth is Gentex Corporation's financial performance in the third quarter of 2023. The company reported a surge in profit per share of 45.16% to $0.45 per share, accompanied by a revenue increase of 16.572% to $575.44 million, compared to the same period the previous year. These figures outperformed the average revenue growth of 5.78% for the Auto & Truck Parts sector during the same period.






 

Gentex's Segments
 
 
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Earnings Outlook
Gentex Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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