secwatch.observer — SEC 8-K summary
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Issuer:     GENTEX CORP (GNTX)
CIK:        0000355811
Form:       8-K
Filed at:   2022-01-28T23:59:59+00:00
Accession:  0000355811-22-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentex Q4 net sales fall 21% YoY; guides 2022 revenue $1.87-2.02B
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- Q4 net sales $419.8M vs $529.9M; net income $84.2M ($0.35 EPS) vs $143.3M ($0.58 EPS).
- Full-year 2021 net sales $1.73B (+3%); EPS $1.50 (+6% YoY); share buybacks $324.6M.
- Q4 gross margin 34.3% vs 40.9% on component shortages, higher material/freight/labor costs.
- 2022 guidance: revenue $1.87-2.02B; gross margin 35%-36%; capex $150-175M; tax rate 15-17%.
- Management expects 2023 revenue growth of 15%-20% above 2022 guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355811/000035581122000003/0000355811-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355811/000035581122000003/gntx-20220128.htm
  HTML page:      https://secwatch.observer/filing/0000355811-22-000003

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