Gentex sees FY gross margin 34% to 34.5%, saw 33% to 34%

Gentex sees FY gross margin 34% to 34.5%, saw 33% to 34%

Gentex Corporation (GNTX) has announced an upward revision in its full-year gross margin forecast for 2025, projecting a range of 34% to 34.5%, up from its previous estimate of 33% to 34% [2]. This improvement reflects the company's robust performance in the second quarter of 2025, where it reported a 15% increase in consolidated net sales, reaching $657.9 million [1].

The acquisition of VOXX International Corporation, completed in the second quarter, contributed significantly to Gentex's financial performance, adding $78.8 million in revenue [1]. Despite challenges such as tariffs affecting the China market, Gentex's strategic focus on advanced features and the integration of VOXX have positioned the company for continued growth [1].

Gentex's gross margin improvement is attributed to several factors, including product and acquisition growth, operational efficiencies, and cost reductions. The company's core gross margin improved by 210 basis points sequentially, driven by these factors [2].

The company's earnings per share (EPS) for the second quarter were 43 cents, surpassing the estimate of 39 cents [2]. Net sales reached $657.9 million, higher than the estimated $624.6 million [2]. Net income was $95.7 million, exceeding the forecast of $86.3 million [2].

Gentex anticipates consolidated revenue for the year to be between $2.44 billion and $2.61 billion, above the estimate of $2.43 billion [2]. The company will withhold revenue guidance for 2026 until it attains the necessary visibility to provide accurate projections [2].

Despite the challenges, Gentex's strong performance in the second quarter indicates a promising outlook for the remainder of the year. The company's focus on innovation, operational efficiency, and strategic acquisitions has positioned it for continued growth and enhanced shareholder value.

References:
[1] https://www.gurufocus.com/news/3005313/gentex-reports-second-quarter-2025-financial-results-gntx-stock-news
[2] https://www.smartkarma.com/home/newswire/earnings-alerts/gentex-corp-gntx-earnings-boosts-fy-gross-margin-forecast-with-strong-q2-results/