GENTEX (GNTX) Company Report

Gentex Corporation has secured the third one-year option period for its Advanced Combat Helmet Generation II (ACH Gen II) production contract with the Defense Logistics Agency (DLA).
This option is valued at up to $38,376,425 and extends the contract through October 16, 2026, ensuring continued supply to the U.S. Army.
The ACH Gen II helmet provides advanced ballistic protection with a 22% reduction in weight compared to the legacy system, enhancing comfort and agility for soldiers.

Nov 12, 2025, 2:00 PM

Press Release

Gentex Corporation Discusses Market Position, VOXX Acquisition, and Strategic Growth at 49th Annual Automotive Symposium

GNTX

M&A

Share Buyback

New Projects/Investments

Gentex maintains a strong financial position with no debt and $170 million in cash, holding an 85-89% market share in electrochromic mirrors and vision systems, predominantly in the automotive industry.
The company recently acquired VOXX International Corporation, which had over $300 million in revenue and was acquired for just over $200 million; the VOXX business became profitable last quarter and is expected to generate $40-50 million in free cash flow within 18 months.
Gentex is focused on margin expansion, currently achieving high 34s, low 35% gross margins, and is expanding into new markets such as aerospace (dimmable windows), fire protection (direct-to-consumer smart home products), and the medical space (E-Sight acquisition).
The company faces headwinds from counterterrorism in the China market, impacting an anticipated $250 million in exports, and is navigating tariffs and supply chain disruptions by considering manufacturing footprint adjustments.
Capital allocation prioritizes share repurchases when the stock is undervalued, alongside strategic, smaller technology-focused M&A, with recent aggressive share repurchases in the first half of the year.

Nov 3, 2025, 6:50 PM

Transcript

Gentex Highlights Strong Financial Position and Diversification Efforts

GNTX

M&A

New Projects/Investments

Share Buyback

Gentex maintains a strong financial position with no debt and $170 million in cash, while management views the current share price as undervalued.
The company holds over 85-89% market share in electrochromic mirrors and is expanding into new markets including dimmable windows/sunroofs, aerospace, direct-to-consumer fire protection, and medical vision systems.
Gross margins have improved to high 34s, low 35%, despite a 90 basis point tariff headwind, and the recent acquisition of VOXX International, purchased for just over $200 million for over $300 million in revenue, turned profitable last quarter and is projected to generate $40 million-$50 million in free cash flow within 18 months.
Key challenges include an anticipated $250 million impact on China exports due to geopolitical issues and pressure on product take rates from rising OEM incentives.

Nov 3, 2025, 6:50 PM

Transcript

Gentex Corporation Discusses Market Share, VOXX Acquisition, and Strategic Growth

GNTX

M&A

New Projects/Investments

Share Buyback

Gentex Corporation, a designer and manufacturer of electrochromic mirrors and vision systems, holds an 85-89% market share in the automotive industry. The company maintains a strong financial position with no debt and $170 million in cash, with a total enterprise value of approximately $5 billion.
The company recently acquired VOXX International Corporation for just over $200 million, which had over $300 million in revenue. This acquisition, described as a "balance sheet play," turned profitable last quarter and is expected to generate $40-50 million in free cash flow within 18 months.
Gentex has rebuilt its gross margin profile, now operating at high 34s to low 35% , despite a 90 basis points headwind from tariffs last quarter. The company is also expanding into new markets such as aerospace (dimmable windows), fire protection (direct-to-consumer smart home products), and medical (E-Sight wearable).
Gentex's capital allocation strategy balances M&A and share repurchases, with a focus on maximizing return on invested capital. The company has been aggressive on share repurchases in the first half of this year due to its current valuation.

Nov 3, 2025, 6:50 PM

Transcript

Gentex Corporation Selected by Czech Ministry of Defence

GNTX

New Projects/Investments

Gentex Corporation has been selected by the Czech Ministry of Defence to deliver next-generation Ops-Core integrated ballistic helmet systems and AMP® Communication Headsets to soldiers across the Czech Armed Forces.
The contract, valued at over 1 billion CZK, was placed through the NATO Support and Procurement Agency (NSPA) under the NATO Logistics Stock Exchange (NLSE) contract.
The delivery of these advanced headborne systems and accessories is scheduled for completion by October 2026.
The products are designated for various units, including brigade task forces within the 4th Rapid Deployment Brigade and the 7th Mechanized Brigade, as well as personnel across ground forces, support elements, special operations forces, the Military Police, and the Cyber and Information Operations Command.

Oct 27, 2025, 5:01 PM

Press Release

Gentex Reports Q3 2025 Results with Increased Sales and Updated Full-Year Guidance

GNTX

Earnings

Guidance Update

M&A

Gentex reported Q3 2025 consolidated net sales of $655.2 million, an 8% increase compared to the prior year, with VOXX contributing $84.9 million. Core Gentex revenue for the quarter was $570.3 million, representing a 6% decline.
Consolidated net income attributable to Gentex for Q3 2025 was $101 million, leading to $0.46 earnings per diluted share. This compares to $122.5 million and $0.53, respectively, in the prior year, with the change primarily due to a one-time gain in the prior period related to the fair value adjustment of the company's original investment in VOXX.
The company's consolidated gross margin improved to 34.4% in Q3 2025, up from 33.5% in the third quarter of last year, driven by favorable North American customer and product mix, purchasing cost reductions, and operational efficiencies.
Gentex updated its full-year 2025 guidance, projecting consolidated revenue between $2.5 billion and $2.6 billion and a consolidated gross margin of 33.5% to 34%.
During Q3 2025, the company repurchased 1 million shares of its common stock for a total of $28.3 million. Gentex also confirmed it is on track to achieve $40 million in annual free cash flow from VOXX synergies within 18 months post-acquisition, having already realized over $10 million in annualized savings.

Oct 24, 2025, 1:30 PM

Transcript

Gentex Reports Q3 2025 Results and Updates Full-Year Guidance

GNTX

Earnings

Guidance Update

M&A

Consolidated net sales for Q3 2025 reached $655.2 million, an 8% increase year-over-year, primarily driven by the VOXX acquisition which contributed $84.9 million. Core Gentex revenue saw a 6% decline.
Consolidated gross margin improved to 34.4% in Q3 2025, up from 33.5% in the prior year. However, consolidated net income decreased to $101 million and diluted EPS to $0.46, largely due to a one-time gain in the prior year related to the VOXX investment.
The company updated its full-year 2025 guidance, projecting consolidated revenue between $2.5 billion and $2.6 billion and consolidated gross margin between 33.5% and 34%.
Gentex repurchased 1 million shares for $28.3 million in Q3 2025, contributing to $230.5 million in year-to-date share repurchases.
Integration of the VOXX acquisition is progressing, with over $10 million in annualized savings achieved and a target of $40 million in annual free cash flow from VOXX within 18 months post-acquisition.

Oct 24, 2025, 1:30 PM

Transcript

Gentex Reports Q3 2025 Financial Results with Revenue Growth Driven by VOXX Acquisition

GNTX

Earnings

Guidance Update

M&A

Gentex reported consolidated net sales of $655.2 million for Q3 2025, an 8% increase compared to the prior year, with VOXX contributing $84.9 million to revenue. Core Gentex revenue, excluding VOXX, declined 6% to $570.3 million.
The company's consolidated gross margin improved to 34.4% in Q3 2025, up from 33.5% in the prior year, despite a 90 basis point negative impact from incremental tariffs. Core Gentex gross margin was 34.9%.
Consolidated net income attributable to Gentex for Q3 2025 was $101 million, and diluted earnings per share (EPS) was $0.46. This compares to $122.5 million net income and $0.53 EPS in Q3 2024, which included a one-time gain related to the fair value adjustment of the VOXX investment.
Gentex updated its full-year 2025 guidance, projecting consolidated revenue (including VOXX) between $2.5 billion and $2.6 billion and consolidated gross margin between 33.5% and 34%.
During Q3 2025, the company repurchased 1 million shares of its common stock for a total of $28.3 million at an average price of $28.18 per share. The VOXX acquisition is noted as positive on net income and accretive on EPS.

Oct 24, 2025, 1:30 PM

Transcript

Gentex Reports Q3 2025 Financial Results with Increased Consolidated Sales and Updated Full-Year Guidance

GNTX

Earnings

Guidance Update

M&A

Gentex reported consolidated net sales of $655.2 million for the third quarter of 2025, an 8% increase compared to the prior year, with VOXX contributing $84.9 million in revenue. Core Gentex revenue saw a 6% decline.
The company achieved a consolidated gross margin of 34.4% in Q3 2025, an increase from 33.5% in the third quarter of last year, with core Gentex gross margin improving by 140 basis points to 34.9%.
Consolidated net income attributable to Gentex was $101 million, leading to earnings per diluted share of $0.46 for Q3 2025, compared to $122.5 million and $0.53 respectively in Q3 2024, primarily due to a one-time gain in the prior period related to the fair value adjustment of the VOXX investment.
Gentex repurchased 1 million shares of its common stock for $28.3 million during the third quarter of 2025.
The company updated its full-year 2025 guidance, projecting consolidated revenue between $2.5 billion and $2.6 billion and a consolidated gross margin of 33.5% to 34%.

Oct 24, 2025, 1:30 PM

Transcript

Gentex Reports Q3 2025 Results and Updates 2025 Guidance

GNTX

Earnings

Guidance Update

Share Buyback

Gentex reported consolidated net sales of $655.2 million for Q3 2025, an 8% increase compared to Q3 2024, with core Gentex net sales (excluding VOXX) at $570.3 million.
In Q3 2025, the company achieved a consolidated gross margin of 34.4% and consolidated earnings per diluted share of $0.46.
Gentex repurchased 1.0 million shares totaling $28.3 million during Q3 2025, contributing to $230.5 million in share repurchases year-to-date 2025 as of October 24, 2025.
The company updated its 2025 consolidated guidance, forecasting revenue between $2.5 billion and $2.6 billion and a gross margin of 33.5% to 34%.

Oct 24, 2025, 1:30 PM

Presentation

Earnings Transcripts

Quarterly earnings call transcripts for GENTEX.

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