secwatch.observer — SEC 8-K summary
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Issuer:     GENTEX CORP (GNTX)
CIK:        0000355811
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0000355811-23-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355811/000035581123000003/0000355811-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355811/000035581123000003/gntx-20230127.htm
  HTML page:      https://secwatch.observer/filing/0000355811-23-000003

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