Charles Sloan's questions to Gentex Corp (GNTX) leadership • Q1 2025
Question
Charles Sloan asked for clarification on the gender of the board nominee, the change in tone regarding capital allocation towards more aggressive share buybacks, the closing date of the VOXX acquisition, and which products from both Gentex and VOXX management is most excited about for future growth.
Answer
Director of IR Josh O'Berski confirmed the board nominee is a woman. President and CEO Steve Downing explained the more aggressive tone on buybacks reflects the belief that the stock's pullback is 'way overdone.' CFO Kevin Nash confirmed the VOXX deal closed on April 1. Downing highlighted driver monitoring, large-area devices, and new fire protection products as key growth drivers for Gentex, and biometrics, USPS vision systems, and premium audio as exciting opportunities from the VOXX portfolio.