---
schema_version: "secwatch.filing_event.v1"
accession: "0000355811-22-000041"
form_type: "8-K"
ticker: "GNTX"
cik: "0000355811"
company_name: "GENTEX CORP"
filed_at: "2022-10-28T23:59:59+00:00"
generated_at: "2026-06-22T22:58:50.665546+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gentex Q3 net sales up 24% but gross margin falls; FY2022 margin guidance cut to 32-33%

## Summary
- Net sales reached $493.6M (+24% YoY) but gross margin dropped to 29.8% from 35.3% due to cost increases and unfavorable mix.
- Net income $72.7M ($0.31 diluted EPS) vs $76.7M ($0.32) a year ago as operating income slipped.
- Revised FY2022 revenue guidance to $1.90-1.95B (from $1.87-1.97B) and gross margin to 32%-33% (from 33%-34%).
- Company expects margin improvement starting Q4 2022 from customer cost escalation negotiations.
- Repurchased 0.9M shares for $22.3M in Q3; 21.5M shares remaining under buyback plan.

## SEC filing metadata
- accession: 0000355811-22-000041
- form_type: 8-K
- ticker: GNTX
- cik: 0000355811
- company_name: GENTEX CORP
- filed_at: 2022-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355811/000035581122000041/0000355811-22-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355811/000035581122000041/gntx-20221028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000355811-22-000041
- JSON: https://secwatch.observer/filing/0000355811-22-000041.json
- Plain text: https://secwatch.observer/filing/0000355811-22-000041.txt

## Key facts
- Earnings Releases
  GENTEX CORP reported the third quarter ended September 30, 2022 results: revenue $493.6 million, net income $72.7 million, EPS $0.31 per diluted share.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $493.6 million
  - Net income: $72.7 million
  - EPS: $0.31 per diluted share
  - Result: reported results
  source text: 3rd Quarter 2022 Summary • Net sales of $493.6 million, a 24% increase compared to the third quarter of 2021 • Gross profit margin of 29.8% • Net income of $72.7 million • 4 New Nameplate Launches for Full Display Mirror
  evidence_url: https://www.sec.gov/Archives/edgar/data/355811/000035581122000041/0000355811-22-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.