Gentex

Gentex Announces First Quarter 2024 Cash Dividend

Retrieved on: 
Tuesday, March 5, 2024

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

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

"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

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

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

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

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

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.

Gentex to Showcase OEM and Aftermarket Automotive Products at the SEMA Show 2023

Retrieved on: 
Tuesday, October 31, 2023

The Company’s booth will showcase its growing product portfolio, including car-to-home automation, connectivity, e-concierge, digital vision products, and dimmable devices designed for automakers and the automotive aftermarket.

Key Points: 
  • The Company’s booth will showcase its growing product portfolio, including car-to-home automation, connectivity, e-concierge, digital vision products, and dimmable devices designed for automakers and the automotive aftermarket.
  • Gentex is a long-time supplier of electro-optical products for global automotive, aerospace, and fire protection industries.
  • “Exhibiting at SEMA allows us to assess OEM and aftermarket interest in the tech we’re developing while also showcasing the engineering innovation we bring to our products,” said Gentex Chief Technology Officer Neil Boehm.
  • “And, although we’re primarily a Tier 1 supplier, many of our products begin in the aftermarket, often making their way into OEM accessory programs and then on to full production programs.

Gentex Reports Third Quarter 2023 Financial Results

Retrieved on: 
Friday, October 27, 2023

For the third quarter of 2023, the gross margin was 33.2%, compared to a gross margin of 29.8% for the third quarter of 2022.

Key Points: 
  • For the third quarter of 2023, the gross margin was 33.2%, compared to a gross margin of 29.8% for the third quarter of 2022.
  • When compared to the second quarter of 2023, the gross margin in the third quarter of 2023 improved from 33.1% to 33.2%.
  • Fire protection sales decreased by $5.3 million for the third quarter of 2023, compared to the third quarter of 2022.
  • Fourth quarter 2023 and calendar years 2023 and 2024 forecasted vehicle production volumes from S&P Global Mobility are shown below: