Gentex Corp - GNTX STOCK NEWS

Gentex Corporation (NASDAQ: GNTX) announced a quarterly cash dividend of $0.12 per share, payable on April 19, 2023. Shareholders of record will be those owning shares at the close of business on April 7, 2023. This dividend underscores Gentex's commitment to returning value to its shareholders as it continues to supply innovative technology solutions in the automotive and aviation sectors.

Gentex Corporation (NASDAQ: GNTX) announced plans to open a new satellite production facility in Grand Rapids, creating 50 jobs. The initiative aims to address local labor shortages and enhance accessibility for potential employees. The facility will focus on producing components for Gentex's HomeLink product and is expected to commence operations in late May. The company also highlighted its commitment to the local community, collaborating with Amplify GR to foster economic growth and job creation. Gentex continues to prioritize employee needs, including launching Spanish-speaking assembly lines and investing in on-site childcare facilities.

Gentex Corporation (NASDAQ: GNTX) will be the presenting sponsor of the 25th Annual Michigan International Auto Show from February 2-5, 2023, in Grand Rapids, Michigan. Known for its electro-optical products for the automotive, aerospace, and fire protection industries, Gentex will showcase its latest technologies at the event. The company will also unveil a new booth featuring digital vision and connectivity products. Additionally, Gentex plans to recruit new employees during the show, emphasizing its significant presence in the local job market and commitment to community engagement while supporting the charity work of the Helen DeVos Children’s Hospital.

Gentex Corporation (NASDAQ: GNTX) reported robust financial results for Q4 and full year 2022, with net sales reaching $493.6 million in Q4, a growth of 18% year-over-year. The calendar year saw net sales hit a record $1.92 billion, increasing 11% compared to 2021, despite only a 3% rise in light vehicle production in key markets. Earnings per diluted share for 2022 were $1.36, a decline from $1.50 in 2021. Operating expenses rose by 14% to $239.8 million. The company expects revenue for 2023 around $2.2 billion, with gross margins improving to 32-33%. Challenges from supply chain and labor costs persist, but management anticipates better margin recovery in the coming years.

Gentex Corporation (NASDAQ: GNTX) showcased advanced products at CES 2023, focusing on enhancing safety and comfort in automotive and aerospace sectors. Key features include a scalable driver monitoring system to assess distraction and drowsiness, and the Full Display Mirror (FDM), now on 80 vehicles. Gentex, a leader in dimmable technology, also introduced new dimmable sunroofs and smart glass innovations. The company emphasizes connectivity with HomeLink integration and showcases the eSight Go, wearable tech for visual impairments. The event runs from January 5-8 in Las Vegas.

Gentex Corporation (NASDAQ: GNTX), a supplier of digital vision and connected car technologies, will announce its fourth quarter and full year 2022 financial results on January 27, 2023, before market opening. The company will hold a conference call at 9:30 AM ET to discuss these results, available to the public through a live audio webcast. Investors can register to ask questions and receive detailed call access. A replay of the webcast will be available 24 hours after the call concludes, providing investors another opportunity to review the financial updates.

Gentex Corporation (NASDAQ: GNTX) has partnered with the ODC Network to establish the Gentex Discovery Preschool, an innovative on-site childcare center for its employees. Scheduled to open in 2024, this 43,000-square-foot facility will accommodate up to 250 children and feature nature-based educational programs. The initiative aims to address childcare shortages, enhancing workforce participation and making Gentex an attractive employer in West Michigan. The center will offer subsidized rates and extended hours for both first and second shift workers.

Gentex Corporation (NASDAQ: GNTX) announced a quarterly cash dividend of $0.12 per share, payable on January 18, 2023.

This dividend will be distributed to shareholders of record as of January 6, 2023. Gentex, based in Zeeland, Michigan, specializes in digital vision, connected car, and fire protection technologies.

The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine has designated Ulta Beauty (NASDAQ: ULTA) as the "Stock to Study" and Gentex (NASDAQ: GNTX) as the "Undervalued Stock" for January/February 2023. This recognition comes amid a market surge, reinforcing BetterInvesting's principles of regular investing regardless of market conditions. The committee emphasizes the importance of investor education and encourages independent analysis before making investment decisions. For insights, refer to the magazine's January/February 2023 issue.