Gentex

Gentex Reports First Quarter 2024 Financial Results

Retrieved on: 
Friday, April 26, 2024
Gentex, Investment, Glass, ESight, Engineering, Share repurchase, GNTX, Aircraft, Calendar, Growth, Video game

For the first quarter of 2024, light vehicle production in North America, Europe and Japan/Korea declined by 3%, compared to the first quarter of 2023.

Key Points: 
  • For the first quarter of 2024, light vehicle production in North America, Europe and Japan/Korea declined by 3%, compared to the first quarter of 2023.
  • Automotive net sales in the first quarter of 2024 were $577.6 million, a 7% increase compared to $537.4 million in the first quarter of 2023, while auto-dimming mirror unit shipments decreased by 2% during the first quarter of 2024, compared to the first quarter of 2023.
  • Fire protection sales decreased by $2.5 million for the first quarter of 2024, compared to the first quarter of 2023.
  • Second quarter 2024 and calendar years 2024 and 2025 forecasted vehicle production volumes from S&P Global Mobility are shown below:

Gentex Schedules First Quarter 2024 Earnings Release Date and Conference Call

Retrieved on: 
Friday, March 29, 2024
GNTX, Gentex, Glass, URL

ZEELAND, Mich., March 29, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, is pleased to announce that it will release its first quarter 2024 financial results on Friday, April 26, before the market opens.

Key Points: 
  • ZEELAND, Mich., March 29, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, is pleased to announce that it will release its first quarter 2024 financial results on Friday, April 26, before the market opens.
  • The Company will host a conference call for the investment community at 9:30am ET to discuss the results.
  • The call will also be available to the general public via a live audio webcast.
  • If you wish to join the call but do not plan to ask questions, you may join the listen-only webcast here: https://edge.media-server.com/mmc/p/3vysobxw/ .

Gentex Announces First Quarter 2024 Cash Dividend

Retrieved on: 
Tuesday, March 5, 2024
Glass, Gentex, GNTX

ZEELAND, Mich., March 05, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable April 17, 2024, to shareholders of record of the common stock at the close of business on April 5, 2024.

Key Points: 
  • ZEELAND, Mich., March 05, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable April 17, 2024, to shareholders of record of the common stock at the close of business on April 5, 2024.

Gentex Reports Fourth Quarter and Year End 2023 Financial Results

Retrieved on: 
Friday, January 26, 2024
Research, Glass, Share repurchase, GNTX, Gentex, Aircraft, Calendar, FDM, Engineering, Growth, Video game

The gross margin in the fourth quarter of 2023 was 34.5%, compared with a gross margin of 31.2% in the fourth quarter of 2022.

Key Points: 
  • The gross margin in the fourth quarter of 2023 was 34.5%, compared with a gross margin of 31.2% in the fourth quarter of 2022.
  • Operating expenses during the fourth quarter of 2023 were up 18% to $70.6 million, compared to operating expenses of $59.7 million in the fourth quarter of 2022.
  • In the fourth quarter of 2023, net income was $116.9 million, compared to net income of $86.2 million in the fourth quarter of 2022.
  • Automotive net sales during the fourth quarter of 2023 were $578.7 million, compared to $482.9 million in the fourth quarter of 2022.

Solace Power Recognized as a Top Workplace in Atlantic Canada 2024; Announces Strategic Partnership with Gentex Corporation

Retrieved on: 
Monday, January 15, 2024
Woman, CFO, Culture, Partnership, GNTX, Gentex, HR, Remuneration, Interface (computing), Management

"At Solace, the core of our strength is our people," stated Neil Chaulk, CEO of Solace Power, in reference to the award.

Key Points: 
  • "At Solace, the core of our strength is our people," stated Neil Chaulk, CEO of Solace Power, in reference to the award.
  • The company recently announced a partnership agreement with Gentex Corporation (NASDAQ: GNTX), a global leader in the automotive, aerospace, and fire protection industries.
  • The collaboration, which also brought a strategic investment by Gentex in Solace Power, is set to broaden the scope of development, manufacture, and commercialization of Solace's state-of-the-art wireless power systems in various sectors.
  • We are seeking passionate professionals ready to thrive in an award-winning workplace that celebrates excellence and innovation", added Colin Ryan, COO and CFO of Solace Power.

ADASKY TO SHOWCASE INNOVATIVE THERMAL SENSING TECHNOLOGY WITH PARTNER GENTEX AT CES 2024

Retrieved on: 
Tuesday, January 9, 2024
Weather, LWIR, Consumer Technology Association, Las Vegas Convention Center, Partnership, Perception, Electronics, History, Long Wave, GNTX, ADAS, Gentex, Exhibition, Consumer Electronics Show, CES, FDM, Engineering

LAS VEGAS, Jan. 9, 2024 /PRNewswire/ -- ADASKY, a leading developer of thermal imaging technology, is set to exhibit its innovative sensing solutions at the Consumer Electronics Show (CES) 2024. The company's next-gen automotive thermal camera will be exclusively featured at the Gentex Corporation booth, which follows last year's announcement of a collaboration agreement with Gentex to help commercialize ADASKY's technology.

Key Points: 
  • LAS VEGAS, Jan. 9, 2024 /PRNewswire/ -- ADASKY , a leading developer of thermal imaging technology, is set to exhibit its innovative sensing solutions at the Consumer Electronics Show (CES) 2024.
  • "Showcasing our technology at CES marks a significant milestone for ADASKY," said ADASKY CEO Yakov Shaharabani.
  • "Gentex has a 50-year history in sensing technology," said Gentex President and CEO Steve Downing.
  • At CES, Gentex will debut ADASKY's thermal sensing technology in an FDM, the first application of thermal technology in a digital rearview mirror.

Gentex Announces eSight Acquisition Set to Showcase Advanced Vision Tech at CES 2024

Retrieved on: 
Sunday, January 7, 2024
Partnership, ESight, Consumer Electronics Show, Acquisition, GNTX, Consumer Technology Association, Paratriathlon, Gentex, Eye, Knowledge, Engineering, LVCC, Safety, CES, Binocular vision, Retail

Gentex will prominently feature eSight’s next-gen technology at the Consumer Electronics Show (CES) 2024.

Key Points: 
  • Gentex will prominently feature eSight’s next-gen technology at the Consumer Electronics Show (CES) 2024.
  • Gentex is a technology company and a long-time supplier of electro-optical products for the global automotive, aerospace, and fire protection industries.
  • It is best known for supplying nearly every major automaker with connected-car technologies and advanced electronic features that optimize driver vision and enhance driving safety.
  • The comprehensive medical equipment enhances vision for individuals with over 20 distinct ocular disorders, frequently enabling users to attain 20/20 vision.

Gentex Schedules Fourth Quarter and Year End 2023 Earnings Release Date and Conference Call

Retrieved on: 
Thursday, December 28, 2023
Glass, URL, GNTX, Gentex

The Company will host a conference call for the investment community at 9:30am ET to discuss the results.

Key Points: 

Gentex Announces Fourth Quarter 2023 Cash Dividend

Retrieved on: 
Monday, November 27, 2023
Glass, GNTX, Gentex

ZEELAND, Mich., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable January 17, 2024, to shareholders of record of the common stock at the close of business on January 5, 2024.

Key Points: 
  • ZEELAND, Mich., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable January 17, 2024, to shareholders of record of the common stock at the close of business on January 5, 2024.

Commercial Vehicle ADAS Market to grow by USD 2.52 billion from 2023 to 2028, Aptiv Plc, Autoliv Inc., Brandmotion LLC and more among key companies - Technavio

Retrieved on: 
Friday, December 15, 2023
Longevity, Electronics, Electronic stability control, Advanced driver-assistance system, Continental AG, Fleet management, Growth, Driver monitoring system, ADAS, Geography, Safety, GPS, LDW, DMS, USD, ZF Friedrichshafen, Communication, TSR, Challenge, Gentex, Autoliv, Ultrasonic transducer, Intel, ACC, Build automation, Artificial intelligence, Robert Bosch GmbH, SRL Diagnostics, IVI, Virtual camera system, BSD, Commercial vehicle, ESC, EBS, Collision avoidance system, Aptiv, ITS, Emergency, Traffic-sign recognition, Telematics, Intelligent transportation system, Global Positioning System, Music, Instrumentation, Road, Automotive industry

NEW YORK, Dec. 15, 2023 /PRNewswire/ -- The commercial vehicle adas market is estimated to grow by USD 2.52 billion from 2023 to 2028, growing at a CAGR of 12.39%.

Key Points: 
  • NEW YORK, Dec. 15, 2023 /PRNewswire/ -- The commercial vehicle adas market is estimated to grow by USD 2.52 billion from 2023 to 2028, growing at a CAGR of 12.39%.
  • The commercial vehicle adas market is fragmented owing to the presence of many global and regional companies.
  • Autoliv Inc. - The company offers commercial vehicle ADAS such as driver airbags, side curtain airbags, seatbelts and pyrotechnical safety switches.
  • The commercial vehicle propeller shaft market size is estimated to grow at a CAGR of 4.64% between 2022 and 2027.