secwatch.observer — SEC 8-K summary
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Issuer:     GENTEX CORP (GNTX)
CIK:        0000355811
Form:       8-K
Filed at:   2022-07-22T23:59:59+00:00
Accession:  0000355811-22-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentex Q2 net income falls to $72.4M; revenue up 8% but margins shrink; guidance lowered
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- Net sales $463.4M (+8% YoY), net income $72.4M vs $86.5M, diluted EPS $0.31 vs $0.36.
- Gross margin 32.0% (down from 35.4%) due to raw material, labor cost inflation and supply chain issues.
- 2022 guidance lowered: revenue $1.87-1.97B (prev $1.87-2.02B), gross margin 33-34% (prev 35-36%).
- Operating expenses +21% to $62.6M on staffing and redesign costs; OpEx guidance unchanged at $230-240M.
- Auto-dimming mirror units +3%; fire protection sales +53%; dimmable aircraft windows -22%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355811/000035581122000032/0000355811-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355811/000035581122000032/gntx-20220722.htm
  HTML page:      https://secwatch.observer/filing/0000355811-22-000032

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