secwatch.observer — SEC 8-K summary
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Issuer:     GENTEX CORP (GNTX)
CIK:        0000355811
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0000355811-23-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentex Q2 record revenue $583.5M, EPS $0.47 (+52% YoY), raises FY guidance
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- Net sales $583.5M (+26% YoY); net income $109.2M (+51%); diluted EPS $0.47.
- Gross margin 33.1% (up 110 bps YoY); unit shipments 12.9M (+21%), both quarterly records.
- Automotive net sales $574.1M (+27%); other sales $9.4M (fire -$3.6M, aircraft +$2.5M).
- FY2023 revenue guidance raised to $2.2-2.3B (from ~$2.2B); gross margin 32.5-33%.
- Repurchased 0.9M shares at avg $27.28; 18.8M shares remain under buyback plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355811/000035581123000043/0000355811-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355811/000035581123000043/gntx-20230728.htm
  HTML page:      https://secwatch.observer/filing/0000355811-23-000043

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