Gentex Corp

Share Repurchases During the third quarter of 2025, the Company repurchased 1.0 million shares of its common stock at an average price of $28.18 per share, for a total of $28.3 million.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Year-to-date, the Company has repurchased 9.8 million shares for a total of $230.5 million, at an average price of $23.50 per share.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

As of September 30, 2025, the Company has approximately 39.6 million shares remaining available for repurchase pursuant to its previously announced share repurchase plan.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

The Company intends to continue to repurchase additional shares of its common stock in the future in support of the previously disclosed capital allocation strategy, but share repurchases will vary from time to time and will take into account macroeconomic issues, market trends, and other factors that the Company deems appropriate.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

The ongoing improvement in gross margin reflects the Company s disciplined focus on cost control and productivity improvements.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Since the first quarter of this year, the Company has been focusing on improvements in our operating cost structure.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Consolidated net income attributable to Gentex for the third quarter of 2025 was $101.0 million, supported by higher overall sales levels, gross margin expansion, and cost improvements.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

The Company continues to work through the post-acquisition transition, with a focus on aligning product strategies, optimizing customer relationships, and identifying operational synergies across both businesses.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

The Company intends to continue to repurchase additional shares of its common stock in the future in support of the previously disclosed capital allocation strategy, but share repurchases will vary from time to time and will take into account macroeconomic issues, market trends, and other factors that the Company deems appropriate.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

The decrease was driven by customer-specific production challenges and a weaker regional vehicle mix.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

The decline reflects the ongoing impact of tariffs and counter-tariff actions.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Despite the regional headwinds, Gentex delivered solid results through disciplined execution and incremental contributions from the VOXX acquisition, said Steve Downing, President and CEO of Gentex Corporation.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

The gross margin improvement was, however, partially offset by incremental tariff-related costs, which negatively impacted margins by approximately 90 basis points compared to the third quarter of 2024.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Despite the incremental impact of tariffs on our business, the Company improved the overall gross margin to levels not seen in several years, said Downing.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025

The updated guidance reflects the anticipated impact of all known tariffs effective as of October 23, 2025.

SEC original ↗Gentex Corp — Earnings release (8-K exhibit)EX-99Oct 24, 2025