Gentex Q4 sales down 8% YoY, EPS $0.39 vs $0.50; FY 2024 record sales $2.31B

GENTEX CORP

2024-FY EPS reported $1.76 revenue$2,313,314,333

Q4 2024 net sales $541.6M (-8% YoY); gross margin 32.5% vs 34.5%; EPS $0.39 vs $0.50.
FY 2024 net sales $2.31B (+1% YoY, new record); gross margin 33.3% vs 33.2%; EPS $1.76 vs $1.84.
Full Display Mirror shipments up 21% to 2.96M units in 2024.
2025 guidance: revenue $2.40-2.45B, gross margin 33.5%-34.5%, operating expenses $310-320M.
2026 revenue expected $2.55-2.65B; guidance excludes pending VOXX acquisition.

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