What is the market's earnings forecast for Gentex next quarter?

What is Gentex's gross profit margin?

What were the key takeaways from Gentex's earnings call?

What is the revenue and EPS growth rate for Gentex year over year?

What factors drove the changes in Gentex's revenue and profit?

Did Gentex beat or miss consensus estimates last quarter?

What does Gentex do and what are its main business segments?

What were the key takeaways from Gentex’s earnings call?

- **Revenue resilience**: $655.2 million Q3 revenue (+8% YoY) despite global headwinds, driven by VOXX and North America growth.
- **Gross margin expansion**: 34.4% (vs. 33.5% YoY), despite 90bps tariff impact. Core Gentex margin +140bps to 34.9%.
- **FDM momentum**: 200,000-300,000 units expected in 2025, with Ford Bronco and Volvo launches.
- **VOXX integration success**: $84.9 million contribution, ahead of synergy target with $10 million+ annualized savings.
- **Risk management**: Q4 tariff recovery expected, but 2025 gross margin guidance cautious on China/Europe challenges.

**【CEO Summary Section】**
- Q3 2025 revenue: $655.2 million (+8% YoY), including VOXX ($84.9 million). Core Gentex revenue: $570.3 million (-6% YoY) vs. +2% light vehicle production growth.
- Regional performance: North America +5% QoQ, Europe -14% QoQ (mix shift to lower-trim vehicles), China -35% YoY (tariffs).
- Gross margin: 34.4% (33.5% YoY), driven by North America mix, cost reductions, and operational efficiency. Tariffs reduced margin by 90bps.
- Net income: $101 million (-17% YoY) due to one-time gain in Q3 2024. EPS: $0.46 vs. $0.53 YoY.

**【CFO Financial Commentary】**
- Automotive sales: $558 million (-6% YoY) due to lower Europe/China shipments, offset by North America growth.
- Other products: $12.3 million (stable YoY). VOXX: $84.9 million.
- Share repurchases: $28.3 million in Q3, $230.5 million YTD. Remaining capacity: $39.6 million.
- Cash: $178.6 million (down from $233.3 million due to VOXX acquisition and repurchases).
- Operating cash flow: $146.9 million Q3, $461.6 million YTD.

**【COO/CTO Product Update】**
- FDM sales: 200,000-300,000 units expected in 2025 vs. 2024. Notable launches: Ford Bronco, Volvo dealer-installed option.
- Dimmable sunroofs/visors: Targeting Q1-Q2 2026 for in-house production. Complex manufacturing challenges remain.
- Driver monitoring systems: 3 new customer launches by mid-2026. Guardian Optical acquisition driving growth.

**【Guidance】**
- 2025 revenue: $2.5-2.6 billion (includes VOXX). Gross margin: 33.5-34%. Operating expenses: $380-390 million (ex-severance).
- Tax rate: 16-16.5%. CapEx: $115-125 million. Depreciation: $96-99 million.

**【Q&A Highlights】**
- **Europe challenges**: $5-6 million temporary revenue loss from OEM shutdowns, but ongoing mix shift to lower-content vehicles. Q4 expected to stabilize but remain challenging.
- **Tariff recovery**: Q3 tariffs not fully reimbursed, but Q4 recovery expected. 2025 gross margin guidance reflects tariff headwinds.
- **VOXX integration**: Synergy target of $40 million annualized by Q2 2027. VOXX already accretive to EPS ahead of schedule.
- **FDM outlook**: Strong Q3 growth (200,000-300,000 units vs. 2024). ICE/hybrid adoption offsetting EV delays. 2026 growth expected despite EV market uncertainty.
- **China risks**: Domestic supplier preference trend likely to persist. Focus on new product development to regain share.

GNTX

GNTX fundamentals

You can ask Aime