secwatch.observer — SEC 8-K summary
======================================

Issuer:     GENTEX CORP (GNTX)
CIK:        0000355811
Form:       8-K
Filed at:   2021-10-22T23:59:59+00:00
Accession:  0000355811-21-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentex Q3 net sales $399.6M, EPS $0.32; cuts H2 2021 revenue guidance to $770-840M
--------------------------------------------------------------------------------

- Net sales $399.6M (-16% YoY); net income $76.7M, diluted EPS $0.32 vs $0.48.
- Gross margin 35.3%, down from 39.7% YoY, due to supply constraints and component cost increases.
- H2 2021 revenue guidance cut to $770-840M from $970M-$1.07B; gross margin guidance 35%-36%.
- Repurchased 2.83M shares at avg $32 for $90.6M; 25.4M shares remain under buyback plan.
- Auto-dimming mirror shipments down 7% YoY; company outperformed 23% production decline by 700 bps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355811/000035581121000038/0000355811-21-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355811/000035581121000038/gntx-20211022.htm
  HTML page:      https://secwatch.observer/filing/0000355811-21-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer