secwatch.observer — SEC 8-K summary
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Issuer:     GENTEX CORP (GNTX)
CIK:        0000355811
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0000355811-23-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentex Q1 2023 revenue $550.8M (+18% YoY), EPS $0.42 (+14%), record quarter
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- Net sales of $550.8M, a quarterly record, up 18% YoY; net income $97.6M, +11%.
- GAAP diluted EPS $0.42 vs $0.37 in Q1 2022; gross margin 31.7% (up from Q4 2022's 31.2%).
- Automotive net sales $537.4M (+17%); auto-dimming mirror shipments up 16% YoY.
- Reiterated FY2023 guidance: revenue ~$2.2B, gross margin 32%-33%, capex $200-$225M.
- Repurchased 1.0M shares at avg $27.19; 19.7M shares remain under buyback plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355811/000035581123000030/0000355811-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355811/000035581123000030/gntx-20230428.htm
  HTML page:      https://secwatch.observer/filing/0000355811-23-000030

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