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Gentex Corp (GNTX.O)

GNTX.O on Nasdaq

25.91USD
23 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Gentex Reports Q2 EPS Of $0.42
Friday, 19 Jul 2019 08:00am EDT 

July 19 (Reuters) - Gentex Corp ::GENTEX REPORTS SECOND QUARTER 2019 FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $0.42.Q2 EARNINGS PER SHARE ESTIMATE $0.40 -- REFINITIV IBES DATA.SEES FY 2019 REVENUE $1.87 BILLION TO $1.9 BILLION.Q2 REVENUE $468.7 MILLION VERSUS REFINITIV IBES ESTIMATE OF $463.7 MILLION.REVISED 2019 CALENDAR YEAR GUIDANCE.MAKING NO CHANGES TO ITS PREVIOUSLY ANNOUNCED REVENUE ESTIMATES FOR CALENDAR YEAR 2020.COMPANY IS MAKING NO CHANGES TO ITS PREVIOUSLY ANNOUNCED REVENUE ESTIMATES FOR CALENDAR YEAR 2020.QTRLY GROSS MARGIN OF 37.7% INCLUDING NEGATIVE TARIFF IMPACT OF 60 BASIS POINTS.SEES FY NET SALES $1.87 - $1.90 BILLION.SEES FY GROSS MARGIN 36.5% - 37.5%.SEES Q3 2019 TOTAL LIGHT VEHICLE PRODUCTION OF 18.19 MILLION.REPORTS Q2 2019 SALES $468.7 MILLION.REPORTS Q2 2019 SALES UP 3 PERCENT.FY2019 REVENUE VIEW $1.87 BILLION -- REFINITIV IBES DATA.SEES CALENDAR YEAR 2019 TOTAL LIGHT VEHICLE PRODUCTION OF 76.41 MILLION.MAINTAINING GUIDANCE FOR OPERATING EXPENSES AND CAPITAL EXPENDITURES FOR CALENDAR YEAR 2019.  Full Article

Gentex Announces Increase In Quarterly Cash Dividend And Additional Share Repurchase Authorization
Friday, 8 Mar 2019 08:00am EST 

March 8 (Reuters) - Gentex Corp ::GENTEX ANNOUNCES INCREASE IN QUARTERLY CASH DIVIDEND AND ADDITIONAL SHARE REPURCHASE AUTHORIZATION.BOARD OF DIRECTORS AUTHORIZED PURCHASE OF AN ADDITIONAL 25 MILLION SHARES OF ITS COMMON STOCK.SETS QUARTERLY CASH DIVIDEND OF $0.115PER SHARE.  Full Article

Gentex Reports Q3 Results
Friday, 19 Oct 2018 08:00am EDT 

Oct 19 (Reuters) - Gentex Corp ::GENTEX REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 EARNINGS PER SHARE $0.42.Q3 EARNINGS PER SHARE VIEW $0.42 -- THOMSON REUTERS I/B/E/S.Q3 SALES $460.3 MILLION VERSUS I/B/E/S VIEW $467.9 MILLION.ACTUAL VEHICLE PRODUCTION LEVELS CAME IN CONSIDERABLY LOWER THAN ANYONE EXPECTED IN Q3.CURRENTLY EXPECTS ADDITIONAL COST INCREASES OF BETWEEN $2.5 MILLION AND $3 MILLION FOR Q4 OF 2018.GENTEX - SEES 2018 NET SALES $1.854 BILLION - $1.872 BILLION.TOTAL COST INCREASES RELATED TO ALL ENACTED TARIFFS ARE EXPECTED TO BE APPROXIMATELY $5.5 MILLION TO $6 MILLION FOR Q4 OF 2018.GENTEX - SEES 2018 CAPEX $95 MILLION - $105 MILLION.AS WE MOVE INTO Q4, WE ARE EXPECTING TO REMAIN IN A TOUGH LIGHT VEHICLE PRODUCTION ENVIRONMENT.GENTEX - MAKING NO CHANGES TO ANNOUNCED 2019 REVENUE ESTIMATES.FORECASTS FOR LIGHT VEHICLE PRODUCTION FOR Q4 AND FULL YEAR OF 2018 ARE BASED ON IHS MARKIT'S OCTOBER 2018 FORECASTS.GENTEX - SEES 2018 GROSS MARGIN (INCLUDES ADDITIONAL TARIFF COSTS) 37.5 PCT - 38.0 PCT.SEES Q4 TOTAL LIGHT VEHICLE PRODUCTION 13.37 MILLION.SEES CALENDAR YEAR 2018 TOTAL LIGHT VEHICLE PRODUCTION 52.39 MILLION.GENTEX - QTRLY GROSS MARGIN OF 37.6 PCT INCLUDING NEGATIVE TARIFF IMPACT OF 60 BASIS POINTS.FY2018 REVENUE VIEW $1.88 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Gentex Reports Q3 2018 Earnings Release Date
Monday, 1 Oct 2018 09:07am EDT 

Oct 1 (Reuters) - Gentex Corp ::GENTEX REPORTS THIRD QUARTER 2018 EARNINGS RELEASE DATE AND CONFERENCE CALL.  Full Article

Gentex Announces Capital Allocation Strategy
Friday, 9 Mar 2018 08:00am EST 

March 9 (Reuters) - Gentex Corp ::GENTEX ANNOUNCES CAPITAL ALLOCATION STRATEGY, ADDITIONAL SHARE REPURCHASE AUTHORIZATION AND 10% INCREASE IN QUARTERLY CASH DIVIDEND.GENTEX - TARGETED TOTAL CASH POSITION LOWERED FROM $700 MILLION TO $525 MILLION.GENTEX CORP - TARGETED SHARE REPURCHASE AUTHORIZATION OF ABOUT $425 MILLION FOR CALENDAR YEAR 2018.GENTEX - DIVIDEND INCREASE OF 10 PERCENT TO $.44 PER SHARE ANNUALLY IS NOW EFFECTIVE.GENTEX - BOARD APPROVED SHARE REPURCHASE AUTHORIZATION OF 20 MILLION SHARES IS IN ADDITION TO PRIOR BUYBACK.GENTEX - CAPITAL ALLOCATION STRATEGY INCLUDES DEBT REPAYMENT OF $78 MILLION DURING FIRST THREE QTRS OF 2018.GENTEX - BOARD AUTHORIZED MANAGEMENT TO SECURE LINE OF CREDIT OF UP TO ADDITIONAL $150 MILLION.  Full Article

Gentex Announces Retirement Of CEO Fred Bauer
Friday, 5 Jan 2018 03:00pm EST 

Jan 5 (Reuters) - Gentex Corp ::GENTEX CORPORATION ANNOUNCES RETIREMENT.SAYS CEO AND CHAIRMAN OF THE BOARD FRED BAUER TO RETIRE.SAYS JAMES WALLACE APPOINTED CHAIRMAN OF THE BOARD.ALSO ANNOUNCED RESIGNATION OF FRED BAUER FROM BOARD.  Full Article

GENTEX SAYS ON NOV 20 DIRECTOR PETER HOEKSTRA SENT CO LETTER OF RESIGNATION
Friday, 24 Nov 2017 08:17am EST 

Nov 24 (Reuters) - Gentex Corp ::GENTEX - ‍ON NOV 20, DIRECTOR PETER HOEKSTRA SENT CO LETTER OF RESIGNATION IN CONJUNCTION WITH HIS APPOINTMENT AS U.S. AMBASSADOR TO NETHERLANDS​.  Full Article

Gentex reports Q3 earnings per share of $0.31
Friday, 20 Oct 2017 08:00am EDT 

Oct 20 (Reuters) - Gentex Corp :Gentex reports third quarter 2017 financial results.Q3 earnings per share $0.31.Q3 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.Q3 sales $438.6 million versus I/B/E/S view $452 million.Sees FY ‍net sales in the range of $1.78 - $1.80 billion​.Sees ‍2017 capital expenditures $110 million - $120 million​.Sees Q4 ‍total light vehicle production 13.42 million​.Sees FY 2017 ‍total light vehicle production​ 53.06 million.FY2017 revenue view $1.81 billion -- Thomson Reuters I/B/E/S.  Full Article