secwatch.observer — SEC 8-K summary
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Issuer:     GENTEX CORP (GNTX)
CIK:        0000355811
Form:       8-K
Filed at:   2022-04-22T23:59:59+00:00
Accession:  0000355811-22-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentex Q1 net sales $468.3M, down 3.2% YoY; net income $87.5M vs $113.5M, EPS $0.37
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- Net sales $468.3M (down 3% YoY from $483.7M); gross margin fell to 34.3% from 37.9%.
- Net income $87.5M ($0.37 diluted EPS) vs $113.5M ($0.46) in Q1 2021, down 23%.
- Repurchased 2.44M shares for $71.3M at avg price $29; 22.4M shares remain under buyback plan.
- Maintained FY2022 guidance: revenue $1.87-2.02B, gross margin 35-36%, tax rate 15-17%.
- Automotive net sales $458.0M (down 4% YoY); auto-dimming mirror shipments down 7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355811/000035581122000017/0000355811-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355811/000035581122000017/gntx-20220422.htm
  HTML page:      https://secwatch.observer/filing/0000355811-22-000017

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