Gentex FY 2022 revenue record $1.92B (+11% YoY); EPS $1.36; guides 2023 rev ~$2.2B

GENTEX CORP

2022-FY EPS reported $1.36 revenue$1,918,958,043

Q4 net sales $493.6M (+18% YoY); FY net sales $1.92B, record high.
FY gross margin 31.8% vs 35.8% in 2021; margin pressure from raw materials and labor costs.
FY diluted EPS $1.36 down from $1.50; net income $318.8M (-12% YoY).
Automotive net sales $1.87B (+10% YoY); Full Display Mirror shipments up 49% to 1.68M units.
Guides 2023 revenue ~$2.2B, gross margin 32-33%; expects 2024 revenue growth ~10% above 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

GENTEX CORP reported the fourth quarter and year ended December 31, 2022 results: revenue $493.6 million, net income $86.2 million, EPS $0.37.

Period: the fourth quarter and year ended December 31, 2022
Revenue: $493.6 million
Net income: $86.2 million
EPS: $0.37
Result: reported results

Exact text from the filing

products, today reported financial results for the fourth quarter and calendar year ended December 31, 2022. Fourth Quarter and Calendar Year 2022 Highlights: • Net sales of $493.6 million for the fourth quarter of 2022, which was an increase of 18% versus the fourth quarter of 2021 • Net sales for calendar year 2022 of $1.92 billion was a new Company record and

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Source: SEC EDGAR

accession 0000355811-23-000003

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