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
- New product launches in connected car technologies
- Strategic collaborations with automotive OEMs
- Manufacturing process improvements
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) announces the release of its fourth quarter and year-end financial results for 2020 on January 29, prior to market opening. The company will hold a conference call at 9:30 AM ET to discuss the results, which will be accessible to the public via a live audio webcast. Participants can join by dialing (844) 389-8658 with passcode 1054528, and a replay will be available approximately 24 hours after the call. This announcement is crucial for investors monitoring Gentex's financial performance amidst evolving market conditions.
Gentex Corporation (NASDAQ: GNTX) declared a quarterly cash dividend of $0.12 per share, payable on January 20, 2021, to shareholders of record as of January 8, 2021. This announcement reflects the company's ongoing commitment to returning value to its shareholders. Gentex, based in Zeeland, Michigan, is a leading supplier in automotive technology, including automatic-dimming mirrors and fire protection products.
Gentex Corporation (NASDAQ: GNTX) has partnered with PayByCar to implement a commercial agreement enabling touch-free payments for gas and essentials directly from vehicles. The collaboration aims to ensure compatibility between Gentex's Integrated Toll Module (ITM) and PayByCar's payment solution, enhancing convenience for drivers. This partnership responds to the rising demand for contactless transactions, allowing users to fuel up without cash or credit cards through identification via toll transponders. Both companies anticipate mutual growth as they expand their services.
Gentex Corporation (NASDAQ: GNTX) has pledged $60,000 annually for the next five years to support Kids’ Food Basket, a nonprofit addressing childhood hunger in West Michigan. This donation will primarily assist the 'Feeding our Future' campaign, funding program expansions and a renovation of their Holland location. Kids’ Food Basket serves over 8,800 children across multiple counties through its Sack Suppers program. The initiative aims to provide essential nutrition, helping to break the cycle of poverty in the community.
Gentex Corporation (NASDAQ: GNTX) reported Q3 2020 net sales of $474.6 million, a 1% decline from Q3 2019. This quarter marks the second highest sales in its history. Gross margin improved to 39.7%, up 200 basis points year-over-year. Earnings per share rose 9% to $0.48, with net income increasing by 5% to $117.1 million. The company repurchased 1.2 million shares and reduced debt by $50 million. For 2021, revenue is projected to rise 15-20% compared to 2020, despite ongoing uncertainty from the COVID-19 pandemic.
Gentex Corporation (NASDAQ: GNTX) will release its 2020 third quarter financial results on October 23, before the market opens. A conference call for the investment community is scheduled for 9:30 AM ET to discuss the results, with public access via a live audio webcast. Participation details include a dial-in number, (844) 389-8658, with a passcode of 9858208. A replay of the webcast will be available approximately 24 hours post-call. For more information, visit Gentex's website.
Gentex Corporation (NASDAQ: GNTX) has declared a quarterly cash dividend of $0.12 per share, set for payment on October 21, 2020, to shareholders on record by the close of business on October 9, 2020. This reflects the company's commitment to returning value to shareholders amidst its operations in digital vision and automotive technologies.
Gentex Corporation (GNTX) announced its Q2 2020 results, reporting a 51% decline in net sales to $229.9 million due to the impact of COVID-19, with significant reductions in light vehicle production in North America (69%) and Europe (62%). Despite lower sales, the company generated positive cash flow of $39.2 million and maintained a strong balance sheet with $585 million in cash against $75 million in debt. The gross margin fell to 19.1% from 37.7% year-over-year. Gentex forecasts a 7% decline in light vehicle production for the second half of 2020, with estimated net sales of $865-$915 million.
Gentex Corporation (NASDAQ: GNTX) has declared a quarterly cash dividend of $0.12 per share, payable on July 22, 2020, to shareholders of record by July 10, 2020. The Zeeland, Michigan-based company specializes in digital vision, connected car technologies, dimmable glass, and fire protection systems. Founded in 1974, Gentex is a leading supplier of automatic-dimming rearview mirrors and related electronics for the automotive market, as well as dimmable windows for aviation and fire protection products.
