secwatch.observer — SEC 8-K summary
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Issuer:     GENTEX CORP (GNTX)
CIK:        0000355811
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000355811-24-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentex reports record Q1 2024 sales of $590.2M, EPS $0.47, up 12% YoY
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- Net sales $590.2M (record, +7% YoY); gross margin 34.3% (+260 bps YoY).
- EPS $0.47 (+12% YoY); net income $108.2M (+11% YoY).
- Automotive mirror shipments -2% vs market production -3%; content growth drove outperformance.
- FY 2024 revenue guidance unchanged at $2.45-2.55B; gross margin 34-35%.
- Repurchased 1.2M shares at avg $35.84; 14.7M remaining under buyback.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355811/000035581124000024/0000355811-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355811/000035581124000024/gntx-20240426.htm
  HTML page:      https://secwatch.observer/filing/0000355811-24-000024

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