Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers. It also provides variable dimmable windows to aircraft manufacturers and airline operators. In addition, the company offers photoelectric smoke detectors and alarms, electrochemical carbon monoxide alarms and detectors, audible and visual signaling appliances, and bells and speakers used in fire detection systems in office buildings, hotels, and other commercial and residential establishments, as well as researches and develops nanofiber chemical sensing products. Gentex Corporation sells its fire protection products directly, as well as through sales managers and manufacturer representative organizations to fire protection and security product distributors, electrical wholesale houses, and original equipment manufacturers of fire protection systems. The company was founded in 1974 and is headquartered in Zeeland, Michigan.
IPO Year:
Exchange: NASDAQ
Website: gentex.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/4/2024 | $34.00 | Neutral | UBS |
| 7/30/2024 | $34.00 | Outperform → Neutral | Exane BNP Paribas |
| 7/6/2023 | $26.00 → $33.00 | Underperform → Neutral | BofA Securities |
| 12/14/2022 | $24.00 → $26.00 | Sell → Neutral | Goldman |
| 4/11/2022 | Outperform | Exane BNP Paribas | |
| 7/26/2021 | $38.00 | Neutral → Buy | Seaport Global |
| 7/26/2021 | $43.00 → $40.00 | Overweight | Keybanc |
LAS VEGAS, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The automotive aftermarket's SEMA Show opens today in Las Vegas, and Gentex Corporation's (NASDAQ:GNTX) booth will be front and center as it hosts the debut of two custom vehicle builds by the renowned Ringbrothers, and one by West Michigan's Label Motorsports. Gentex will also showcase its automotive portfolio of car-to-home automation, connectivity, e-concierge, digital vision, and dimmable glass products for automakers and the automotive aftermarket. Gentex is a long-time supplier of electro-optical products for the global automotive, aerospace, fire protection, and medical industries. It's best known for supplying nearly every major
GREENWICH, Conn., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
ZEELAND, Mich., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and nine months ended September 30, 2024. 3rd Quarter 2024 Summary Net sales of $608.5 million, a new quarterly sales record, and a 6% increase compared to the third quarter of 2023, versus light vehicle production that was down 6% quarter over quarter in the Company's primary marketsGross profit margin of 33.5%, an increase of 60 basis points from the second quarter of 2024Income from operations of $125.7 millionNet income of $122.5 million, an increase of
GREENWICH, Conn., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
ZEELAND, Minn., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ:GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, is pleased to announce that it will release its third quarter 2024 financial results on Friday, October 25, before the market opens. The Company will host a conference call for the investment community at 9:30am ET to discuss the results. The call will also be available to the general public via a live audio webcast. Participants who wish to ask questions may register for the call at the following URL to receive the dial-in numbers and unique PIN: https://register.vevent.com/register/BI5
MOUNT PEARL, NL, Sept. 24, 2024 /PRNewswire/ - Solace Power Inc. ("Solace"), a global leader in high-performance, leading-edge wireless power technology, is pleased to announce the appointment of Neil Desai, ICD.D, as Chair of its Board of Directors, effective immediately. Desai is an accomplished executive with a rich background in global technology commercialization. He has held senior leadership roles at Magnet Forensics where he was integral in the company's journey from start-up to scaling sales in over 100 countries. There he helped lead the company's initial public offe
ZEELAND, Mich., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ:GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable October 23, 2024, to shareholders of record of the common stock at the close of business on October 9, 2024. About the CompanyFounded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fi
ZEELAND, Mich., July 26, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and six months ended June 30, 2024. 2nd Quarter 2024 Summary Net sales of $572.9 millionGross profit margin of 32.9%Income from operations of $114.9 millionNet income of $86.0 millionEarnings per diluted share of $0.37 For the second quarter of 2024, the Company reported net sales of $572.9 million, compared to net sales of $583.5 million in the second quarter of 2023. For the second quarter of 2024, light vehicle production in
MICHIGAN CITY, Ind., July 17, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. ("Horizon" or the "Company") announced the appointments on June 18, 2024 of Michele A. Samuels and Brian C. Walker to serve as independent directors on the Board of its wholly owned subsidiary, Horizon Bank. Samuels is Senior Vice President, General Auditor & Compliance Officer at Blue Cross Blue Shield of Michigan (BCBSM), headquartered in Detroit. She joined BCBSM in 1990 and has served in her current role since 2009, leading a team of over 100 audit, compliance, and investigative assurance and advisory services at one of the largest Blues affiliates in the United States with more than $30 bil
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ZEELAND, Mich., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and nine months ended September 30, 2024. 3rd Quarter 2024 Summary Net sales of $608.5 million, a new quarterly sales record, and a 6% increase compared to the third quarter of 2023, versus light vehicle production that was down 6% quarter over quarter in the Company's primary marketsGross profit margin of 33.5%, an increase of 60 basis points from the second quarter of 2024Income from operations of $125.7 millionNet income of $122.5 million, an increase of
ZEELAND, Minn., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ:GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, is pleased to announce that it will release its third quarter 2024 financial results on Friday, October 25, before the market opens. The Company will host a conference call for the investment community at 9:30am ET to discuss the results. The call will also be available to the general public via a live audio webcast. Participants who wish to ask questions may register for the call at the following URL to receive the dial-in numbers and unique PIN: https://register.vevent.com/register/BI5
ZEELAND, Mich., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ:GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable October 23, 2024, to shareholders of record of the common stock at the close of business on October 9, 2024. About the CompanyFounded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fi
ZEELAND, Mich., July 26, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and six months ended June 30, 2024. 2nd Quarter 2024 Summary Net sales of $572.9 millionGross profit margin of 32.9%Income from operations of $114.9 millionNet income of $86.0 millionEarnings per diluted share of $0.37 For the second quarter of 2024, the Company reported net sales of $572.9 million, compared to net sales of $583.5 million in the second quarter of 2023. For the second quarter of 2024, light vehicle production in
ZEELAND, Mich., July 01, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ:GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, is pleased to announce that it will release its second quarter 2024 financial results on Friday, July 26, before the market opens. The Company will host a conference call for the investment community at 9:30am ET to discuss the results. The call will also be available to the general public via a live audio webcast. Participants who wish to ask questions may register for the call at the following URL to receive the dial-in numbers and unique PIN: https://register.vevent.com/register/BIf7f
ZEELAND, Mich., May 29, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ:GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable July 17, 2024, to shareholders of record of the common stock at the close of business on July 5, 2024. About the CompanyFounded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire prote
ZEELAND, Mich., April 26, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three months ended March 31, 2024. 1st Quarter 2024 Summary Net sales of $590.2 million, a new quarterly sales record, and a 7% increase compared to the first quarter of 2023Gross profit margin of 34.3%, an increase of 260 basis points from the first quarter of 2023Income from operations of $129.3 million, a 14% increase compared to the first quarter of 2023Net income of $108.2 million, an 11% increase compared to the first quarter of 2023
ZEELAND, Mich., March 29, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ:GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, is pleased to announce that it will release its first quarter 2024 financial results on Friday, April 26, before the market opens. The Company will host a conference call for the investment community at 9:30am ET to discuss the results. The call will also be available to the general public via a live audio webcast. Participants who wish to ask questions may register for the call at the following URL to receive the dial-in numbers and unique PIN: https://register.vevent.com/register/
ZEELAND, Mich., March 05, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ:GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable April 17, 2024, to shareholders of record of the common stock at the close of business on April 5, 2024. About the CompanyFounded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire p
ZEELAND, Mich., Jan. 26, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ:GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the fourth quarter and calendar year ended December 31, 2023. Fourth Quarter and Calendar Year 2023 Highlights: Fourth Quarter 2023 Net sales of $589.1 million, a new quarterly sales record, and a 19% increase compared to the fourth quarter of 2022Gross profit margin of 34.5%, a 330 basis point improvement compared to the fourth quarter of 2022Income from operations of $132.8 million, a 41% increase compared to the fourth quarter of 2
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JP Morgan analyst Ryan Brinkman maintains Gentex (NASDAQ:GNTX) with a Neutral and lowers the price target from $36 to $35.
Baird analyst David Leiker maintains Gentex (NASDAQ:GNTX) with a Outperform and lowers the price target from $41 to $40.
Additionally, based on the Company's current forecast for light vehicle production for calendar year 2025, the Company still expects calendar year 2025 revenue of approximately $2.65 - $2.75 billion.
Gentex (NASDAQ:GNTX) reported quarterly earnings of $0.47 per share which met the analyst consensus estimate. This is a 11.9 percent increase over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $590.225 million which missed the analyst consensus estimate of $598.011 million by 1.30 percent. This is a 7.17 percent increase over sales of $550.761 million the same period last year.
Guggenheim analyst Ronald Jewsikow maintains Gentex (NASDAQ:GNTX) with a Buy and raises the price target from $40 to $41.
B. Riley Securities analyst Josh Nichols maintains Gentex (NASDAQ:GNTX) with a Buy and raises the price target from $42 to $44.
Guggenheim analyst Ronald Jewsikow maintains Gentex (NASDAQ:GNTX) with a Buy and raises the price target from $38 to $40.
Goldman Sachs analyst Mark Delaney maintains Gentex (NASDAQ:GNTX) with a Neutral and raises the price target from $31 to $35.
B. Riley Securities analyst Josh Nichols maintains Gentex (NASDAQ:GNTX) with a Buy and raises the price target from $36 to $42.
Gentex Corp (NASDAQ:GNTX) shares are trading higher after it reported better-than-expected fourth-quarter financial results. Sales grew 19% Y/Y to $589.1 million, beating the analyst consensus of $560.8 million. EPS of $0.50 beat the analyst consensus of $0.44. In the fourth quarter of 2023, automotive net sales rose to $578.7 million from $482.9 million the prior year. Auto-dimming mirror unit shipments increased by 12%. Light vehicle production in the main markets of North America, Europe, and Japan/Korea increased by approximately 6% quarter over quarter. The gross profit margin of 34.5% expanded from 31.2% a year ago, led by recurring price increases to customers and one-time
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UBS initiated coverage of Gentex with a rating of Neutral and set a new price target of $34.00
Exane BNP Paribas downgraded Gentex from Outperform to Neutral and set a new price target of $34.00
BofA Securities upgraded Gentex from Underperform to Neutral and set a new price target of $33.00 from $26.00 previously
Goldman upgraded Gentex from Sell to Neutral and set a new price target of $26.00 from $24.00 previously
Exane BNP Paribas initiated coverage of Gentex with a rating of Outperform
Seaport Global upgraded Gentex from Neutral to Buy and set a new price target of $38.00
Keybanc reiterated coverage of Gentex with a rating of Overweight and set a new price target of $40.00 from $43.00 previously
B. Riley resumed coverage of Gentex with a rating of Buy and set a new price target of $40.00 from $38.75 previously
Seaport Global Securities initiated coverage of Gentex with a rating of Neutral
KeyBanc reiterated coverage of Gentex with a rating of Overweight and set a new price target of $43.00 from $39.00 previously
MICHIGAN CITY, Ind., July 17, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. ("Horizon" or the "Company") announced the appointments on June 18, 2024 of Michele A. Samuels and Brian C. Walker to serve as independent directors on the Board of its wholly owned subsidiary, Horizon Bank. Samuels is Senior Vice President, General Auditor & Compliance Officer at Blue Cross Blue Shield of Michigan (BCBSM), headquartered in Detroit. She joined BCBSM in 1990 and has served in her current role since 2009, leading a team of over 100 audit, compliance, and investigative assurance and advisory services at one of the largest Blues affiliates in the United States with more than $30 bil
ZEELAND, Mich., May 07, 2021 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ:GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, announced today that due to ongoing government regulations and recommendations regarding COVID-19, and in the interest of the health and well-being of its shareholders, team members, and communities, its 2021 Annual Meeting of Shareholders now will be held in a virtual-only meeting format. As a result, shareholders will not be able to attend the Annual Meeting in person. The previously announced date and time of the Annual Meeting (Thursday, May 20, 2021, at 4:30 p.m. E.T.) has not ch
SAN DIEGO, May 6, 2021 /PRNewswire/ -- ImageWare® Systems, Inc. (OTCQB:IWSY) ("ImageWare" or the "Company"), a leader in biometric identification and authentication, today announced the appointment of three individuals to its newly created strategic advisory board. Gentex Chief Technology Officer Neil Boehm, law enforcement and biometrics expert, William "Bill" Casey, and Forcepoint General Manager of User and Data Protection, Ravi Srinivasan are the first three named members of the board, with their appointments becoming effective May 3, 2021. The Company has formed its new A
ZEELAND, Mich., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable January 20, 2021, to shareholders of record of the common stock at the close of business on January 8, 2021. About the CompanyFounded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fi