secwatch.observer — SEC 8-K summary
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Issuer:     GENTEX CORP (GNTX)
CIK:        0000355811
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0000355811-24-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentex Q3 sales record $608.5M (+6% YoY); guides FY2024 rev down to $2.35-2.40B
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- Net sales $608.5M (record), up 6% YoY; EPS $0.53, up 18% YoY; net income $122.5M, up 17%.
- Gross margin 33.5% vs 33.2% last year; target of 35-36% delayed to 2025.
- FY2024 guidance lowered: rev $2.35-2.40B (from $2.40-2.50B), gross margin 33.5-34% (from 34-34.5%).
- 3.2M shares repurchased at avg $30.16; 10.1M shares remain under plan.
- LVP in primary markets down 6% QoQ; company outperformed by 12%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355811/000035581124000045/0000355811-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355811/000035581124000045/gntx-20241025.htm
  HTML page:      https://secwatch.observer/filing/0000355811-24-000045

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