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Gentex Corp - GNTX STOCK NEWS

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.

Overview of Gentex Corporation

Gentex Corporation (NASDAQ: GNTX) is a globally recognized leader in high-technology electronics, specializing in the design, development, and manufacturing of advanced products for the automotive, aerospace, and fire protection industries. Founded in 1974, Gentex has established itself as a vertically integrated company, leveraging cutting-edge technologies such as CMOS camera systems, vacuum coatings, and glass fabrication to deliver innovative solutions. With a strong focus on quality, efficiency, and safety, Gentex's diverse product portfolio addresses the evolving needs of its customers across multiple industries.

Core Business Areas

  • Automotive Electronics: Gentex is a leading supplier of automatic-dimming rearview mirrors and digital vision systems, which enhance driver safety and vehicle connectivity. The company's Full Display Mirrors (FDM) and integrated camera-based technologies are widely adopted by global automakers, offering advanced features such as blind-spot detection and driver monitoring systems.
  • Aerospace Solutions: Gentex provides dimmable aircraft windows that enhance passenger comfort and reduce cabin heat. These solutions are utilized by major aerospace manufacturers, showcasing the company's ability to adapt its core technologies for specialized applications.
  • Fire Protection Products: The company also supplies advanced fire protection systems, including smoke detectors and signaling devices, catering to commercial and residential markets. These products underscore Gentex's commitment to safety and reliability.

Vertically Integrated Manufacturing

Gentex's vertically integrated business model is a key competitive advantage, allowing the company to maintain control over its supply chain, optimize costs, and ensure consistent product quality. By managing every stage of production—from raw material processing to final assembly—Gentex achieves unparalleled efficiency and scalability in its operations.

Innovation and R&D

Innovation is at the heart of Gentex's strategy. The company invests heavily in research and development to stay ahead in a rapidly evolving technological landscape. Recent initiatives include the development of advanced biometric systems, connected car technologies, and next-generation dimmable glass solutions. Gentex's acquisition of VOXX International Corporation further expands its capabilities in automotive electronics and consumer technologies, including premium audio systems and iris biometric authentication.

Market Position and Competitive Landscape

Operating within highly competitive industries, Gentex distinguishes itself through its engineering expertise, robust product portfolio, and strategic partnerships with leading automotive and aerospace manufacturers. Its ability to outperform market trends, even amid challenges such as fluctuating vehicle production and supply chain constraints, highlights its resilience and adaptability. Key competitors include other automotive electronics suppliers and aerospace component manufacturers, but Gentex's focus on vertical integration and innovation provides a significant edge.

Revenue Streams and Business Model

Gentex generates revenue primarily through direct sales to original equipment manufacturers (OEMs) in the automotive and aerospace sectors. Its products are integrated into vehicles and aircraft during the manufacturing process, ensuring long-term partnerships and recurring business. Additionally, its fire protection products contribute to a diversified revenue base, reducing reliance on any single market segment.

Significance in the Industry

Gentex plays a pivotal role in advancing technologies that enhance safety, connectivity, and comfort. Its products are integral to modern vehicles, aircraft, and buildings, reflecting the company's commitment to innovation and quality. By addressing critical industry needs, such as driver assistance systems and energy-efficient glass, Gentex remains a trusted partner for its customers and a key player in its markets.

Rhea-AI Summary
Gentex Corporation is exhibiting at the SEMA Show, showcasing its product portfolio and debuting an all-new custom vehicle build called UNCAGED. The company is known for supplying connected-car technologies to major automakers. The SEMA booth will also feature a heavily modified Chevrolet Silverado Trail Boss and connectivity features like HomeLink and Integrated Toll Module.
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BetterInvesting Magazine has announced Gentex Corp. as its 'Stock to Study' and Ares Capital Corp. as its 'Undervalued Stock' in the January 2024 issue. The announcement emphasizes the importance of discipline and focusing on fundamentals in investing.
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Gentex Corporation reports Q3 2023 financial results with net sales of $575.8 million, a 17% increase YoY. Gross profit margin increased by 340 basis points. Unit growth outperformed the market by 5% and revenue beat the market by 12%. Operating expenses increased by 14%. Income from operations increased by 41% and net income increased by 44%. Automotive net sales increased by 17%. The company repurchased 0.8 million shares of common stock. The company's current forecasts for light vehicle production in Q4 2023 and full years 2023 and 2024 are positive.
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Beat Kahli, President of VOXX International Corporation (VOXX) and Controlling Partner of Avalon Park Entities Agrees to Sell 50% of APG Holdings in VOXX
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Gentex Corporation will release its Q3 2023 financial results on October 27. Conference call for investors at 9:30am ET. Webcast available. Webcast replay also available.
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Gentex opens technology hub in Grand Rapids to attract top talent
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Gentex Corporation declares quarterly cash dividend of $0.12 per share.
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Gentex Corporation plans to showcase its scalable driver monitoring system at the IAA Mobility show in Munich, Germany. The system tracks driver metrics to determine distraction, drowsiness, and return of manual control. Gentex also highlights its partnership with ADASKY to bring thermal imaging technology to market. The company's Full Display Mirror (FDM) and HomeLink car-to-home automation system will also be showcased. Gentex is the world's leading supplier of dimmable devices. The IAA Mobility show runs from September 5-10.
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Gentex Corporation reports Q2 2023 financial results with net sales of $583.5 million, a quarterly sales record, and a 26% increase compared to Q2 2022. Unit shipments also reached a quarterly record with 12.9 million, a 21% increase. Gross profit margin increased to 33.1%, and income from operations rose by 48%. Net income increased by 51% to $109.2 million, and earnings per diluted share rose by 52% to $0.47.
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FAQ

What is the current stock price of Gentex (GNTX)?

The current stock price of Gentex (GNTX) is $24.19 as of March 3, 2025.

What is the market cap of Gentex (GNTX)?

The market cap of Gentex (GNTX) is approximately 6.1B.

What industries does Gentex Corporation serve?

Gentex serves the automotive, aerospace, and fire protection industries, offering advanced electronics, dimmable glass, and safety solutions.

What is Gentex's competitive advantage?

Gentex's vertically integrated manufacturing and focus on innovation allow it to optimize costs, ensure quality, and deliver cutting-edge technologies.

How does Gentex generate revenue?

Gentex generates revenue through direct sales to OEMs in automotive and aerospace markets, as well as through fire protection products.

What products does Gentex offer for the automotive industry?

Gentex provides automatic-dimming rearview mirrors, Full Display Mirrors, and camera-based driver assistance systems for automotive applications.

What role does R&D play in Gentex's business strategy?

R&D is central to Gentex's strategy, driving innovation in areas like biometric systems, connected car technologies, and advanced dimmable glass.

What is Gentex's approach to vertical integration?

Gentex manages every stage of production in-house, from raw materials to final assembly, ensuring efficiency, scalability, and quality control.

How does Gentex differentiate itself from competitors?

Gentex differentiates itself through its engineering expertise, vertically integrated operations, and innovative product portfolio tailored to industry needs.

What is the significance of Gentex's acquisition of VOXX?

The acquisition of VOXX expands Gentex's capabilities in automotive electronics, biometric systems, and premium audio technologies.
Gentex Corp

Nasdaq:GNTX

GNTX Rankings

GNTX Stock Data

6.12B
226.02M
0.25%
97.17%
2.87%
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Motor Vehicle Parts & Accessories
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