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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.

Gentex Corporation (NASDAQ: GNTX), founded in 1974 and headquartered in Zeeland, Michigan, is a leading global electronics company renowned for its innovative product offerings in the automotive, aerospace, and fire protection industries. The company's core competencies include highly automated electronics, CMOS camera development, vacuum coatings, and glass bending and fabrication, making it a vertically integrated powerhouse in technology innovation.

Originally established to produce smoke-detection equipment, Gentex entered the automotive sector in 1982 with its first glare-control interior mirror and continued to pioneer with electrochromic technology in 1987. Today, automotive revenue constitutes about 98% of Gentex's total revenue, with 2023 sales reaching approximately $2.3 billion and 50.6 million mirrors shipped. The product mix consists of 63% interior and 37% exterior mirrors.

Gentex is a long-time supplier of electro-optical products, providing nearly every major automaker with connected-car technologies and advanced electronic features that enhance driver vision and safety. In the aerospace sector, the company supplies dimmable aircraft windows that optimize passenger experience. Its fire protection segment continues to innovate with products like the PLACE Smart Smoke/CO Detection system, a holistic suite of smart home safety devices.

Recent strategic moves include new R&D activities, collaboration agreements, and acquisitions aimed at diversifying its product lines. At the 2024 Consumer Electronics Show (CES), Gentex showcased groundbreaking advancements across several product categories, including the PLACE Smart Smoke/CO Detection system, ADASKY thermal imaging technology for automotive applications, and driver and in-cabin monitoring systems.

Gentex's latest product, the Full Display Mirror (FDM), integrates advanced cameras and dimmable technology to provide superior rearward visibility and enhanced driver safety. Additionally, its HomeLink Smart Home Solutions bridge the gap between car connectivity and home automation, offering a seamless ecosystem controlled via a single app.

Financially, Gentex reported net sales of $590.2 million for Q1 2024, the highest quarterly sales level in the company's history, driven by strong content growth and increased demand for its advanced features. The company continues to focus on margin recovery and cost optimization, aiming for a gross margin of 35%-36% by the end of 2024.

With a 50-year legacy of innovation and a robust portfolio of technologies, Gentex remains at the forefront of enhancing safety, vision, and connectivity across multiple industries.

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Gentex Corporation (NASDAQ: GNTX) has partnered with eSight to develop advanced mobile electronic eyewear aimed at assisting individuals with visual impairments. This collaboration will leverage Gentex's expertise in digital vision technologies to enhance the design and functionality of eSight's innovative eyewear, which already aids users with over 20 eye conditions, potentially achieving 20/20 vision. The partnership will be showcased at CES 2022 in Las Vegas, emphasizing Gentex's commitment to utilizing its automotive safety technologies in the healthcare sector.

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Gentex Corporation (NASDAQ: GNTX) has declared a quarterly cash dividend of $0.12 per share, to be paid on January 19, 2022. Shareholders must be on record by January 7, 2022 to qualify for this dividend. This announcement reflects Gentex's commitment to returning value to its shareholders. The company specializes in advanced technologies for the automotive and aviation sectors, including automatic-dimming mirrors and fire protection products. With a strong market position since its founding in 1974, Gentex continues to focus on innovation and growth.

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Gentex Corporation (NASDAQ: GNTX) showcased several custom vehicle builds at the SEMA show, including a high-tech Chevrolet Silverado and a unique C8 Corvette designed by Label Motorsports. The booth highlights Gentex's advanced prototyping capabilities, emphasizing their expertise in vehicle connectivity and digital vision technologies. Notable features include a forged carbon fiber rearview mirror and a specialized trailer cam for enhanced functionality. The event runs from November 2-5 in Las Vegas, marking a return to in-person exhibitions after a hiatus.

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Gentex Corporation (NASDAQ: GNTX) reported Q3 2021 net sales of $399.6 million, down from $474.6 million in Q3 2020, amid a 23% drop in light vehicle production driven by supply chain issues. Gross profit margin decreased to 35.3%, and net income fell to $76.7 million from $117.1 million year-over-year. The company repurchased 2.83 million shares at an average price of $32 each. Despite challenges, Gentex expects revenue between $770 million and $840 million for H2 2021, reflecting ongoing supply constraints, with a positive outlook for future growth and demand.

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Gentex Corporation (NASDAQ: GNTX) has acquired a unique laminating technology for lightweight, ultra-thin glass designed for aircraft applications. This technology enhances products like cabin partitions and mirrors, improving durability and performance compared to polycarbonate structures. The acquisition stems from Gentex's purchase of Air-Craftglass, a startup focused on glass solutions for aviation. The company plans to integrate these proprietary techniques to diversify its aerospace offerings, potentially expanding into other markets. Gentex will showcase its innovations at the NBAA Business Aviation Convention from October 12-14, 2021.

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Gentex Corporation (NASDAQ: GNTX) will release its 2021 third quarter financial results on October 22, 2021, before market open. A conference call for the investment community is scheduled for 9:30 AM ET to discuss the results. The call will also be available as a live audio webcast.

Participants can join via phone at (844) 389-8658 with passcode 8370639 or stream online at gentex.com. A replay will be accessible approximately 24 hours post-call.

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Gentex Corporation (NASDAQ: GNTX) announced the acquisition of Guardian Optical Technologies, a startup specializing in driver and cabin monitoring solutions. Guardian's technology integrates an advanced multi-modal sensor capable of assessing occupant behavior and detecting vital signs. This acquisition enhances Gentex's capabilities in cabin monitoring and allows for innovative designs, particularly in smart rearview mirrors. The integration aims to provide automakers with comprehensive monitoring solutions for increased safety and convenience in vehicles.

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Gentex Corporation anticipates increased demand for its digital vision solutions in the growing Light Commercial Vehicle (LCV) market, driven by e-commerce and logistics services. The company's Full Display Mirror (FDM) system enhances rear visibility for LCVs, addressing unique challenges faced by drivers. Gentex is currently shipping for one LCV platform and expects several more over the next year. Additionally, the company partnered with Rinspeed to introduce the CitySnap delivery vehicle, which integrates their innovative technology. CitySnap will be showcased at the IAA Mobility show in Munich from September 7-12, 2021.

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Gentex Corporation (NASDAQ: GNTX) showcased its innovations in digital vision, connected car technologies, and dimmable glass at the IAA Mobility show in Munich. Key features include the Full Display Mirror (FDM) for enhanced rear views, HomeLink for car-to-home automation, and the Integrated Toll Module for seamless toll collection. Gentex is also advancing in-cabin monitoring systems to improve passenger safety and air quality. The company leads the market in dimmable devices, shipping over 40 million units annually. The IAA Mobility show runs from September 7-12, 2021.

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On August 10, 2021, May Mobility announced the launch of an on-demand autonomous vehicle (AV) shuttle service in Grand Rapids, Michigan, effective July 26, 2021. This service replaces a fixed route with a more flexible system, covering a 1.36 sq. mile zone with over 20 designated pick-up and drop-off areas. The service operates Monday to Friday from 7 am to 7 pm, offering free rides. The initiative aims to enhance accessibility and connectivity for underserved neighborhoods, supported by technology from Via. The partnership fosters advancements in autonomous transportation.

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FAQ

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

The current stock price of Gentex (GNTX) is $28.01 as of January 22, 2025.

What is the market cap of Gentex (GNTX)?

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

What does Gentex Corporation specialize in?

Gentex specializes in highly automated electronics, CMOS camera development, vacuum coatings, and glass bending and fabrication, serving the automotive, aerospace, and fire protection industries.

When was Gentex Corporation founded?

Gentex Corporation was founded in 1974.

What are some of Gentex’s recent achievements?

Recent achievements include new R&D activities, strategic acquisitions, collaboration agreements, and showcasing groundbreaking technologies at the 2024 Consumer Electronics Show (CES).

What percentage of Gentex's revenue is from the automotive sector?

Approximately 98% of Gentex's total revenue comes from the automotive sector.

What is Gentex's PLACE Smart Smoke/CO Detection system?

The PLACE Smart Smoke/CO Detection system is a suite of smart home safety devices offering room-specific functionality, blending safety, comfort, and security features controlled via a single app.

How did Gentex perform financially in Q1 2024?

Gentex reported net sales of $590.2 million in Q1 2024, the highest quarterly sales in the company's history, driven by strong content growth and demand for advanced features.

What is the Full Display Mirror (FDM) by Gentex?

The Full Display Mirror (FDM) integrates advanced cameras and dimmable technology to provide superior rearward visibility and enhanced driver safety.

Where is Gentex Corporation headquartered?

Gentex Corporation is headquartered in Zeeland, Michigan.

What are the strategic goals of Gentex Corporation?

Gentex aims to expand its product content, improve profitability, and achieve a gross margin of 35%-36% by the end of 2024 through innovative product development and cost optimization strategies.

What new product did Gentex introduce at the CES 2024?

At CES 2024, Gentex introduced PLACE, a smart home safety product line, and showcased advancements in thermal imaging technology, driver monitoring systems, and dimmable glass technologies.
Gentex Corp

Nasdaq:GNTX

GNTX Rankings

GNTX Stock Data

6.12B
226.87M
0.25%
97.78%
2.73%
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