secwatch.observer — SEC 8-K summary
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Issuer:     GENTEX CORP (GNTX)
CIK:        0000355811
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0000355811-24-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentex reports record Q4 net sales $589.1M, EPS $0.50, up 35% YoY; guides FY2024 revenue $2.45-2.55B
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- Q4 net sales $589.1M (record, +19% YoY); net income $116.9M, EPS $0.50 (+35% YoY); gross margin 34.5% (+330 bps).
- Full year 2023 net sales $2.30B (record, +20%); net income $428.4M, EPS $1.84 (+35% YoY).
- FDM shipments up 45% to 2.44M units; auto net sales $2.25B (+20%).
- FY2024 guidance: revenue $2.45-2.55B, gross margin 34-35%, capex $225-250M; FY2025 revenue guided $2.65-2.75B.
- Repurchased 4.93M shares for $144.7M in 2023; 15.9M shares remain under buyback plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355811/000035581124000007/0000355811-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355811/000035581124000007/gntx-20240126.htm
  HTML page:      https://secwatch.observer/filing/0000355811-24-000007

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