$GNTX (Gentex Corp.)

$GNTX {{ '2016-02-25T15:56:31+0000' | timeago}} • Announcement

Zeeland, Michigan-based $GNTX said its BoD declared a quarterly dividend of 8.5 cents per share. The cash dividend will be payable April 17, 2016, to shareholders of record of the common stock on April 7, 2016.

$GNTX {{ '2018-01-05T20:45:24+0000' | timeago}} • Announcement

$GNTX announced the retirement of Fred Bauer as CEO and Chairman of the BoD and his resignation from the Board. The BoD has appointed Mr. James Wallace, the current Lead Independent Director, as the company’s Chairman of the Board. Steve Downing will take over as the new CEO of the company.

$GNTX {{ '2017-11-27T17:16:50+0000' | timeago}} • Announcement

$GNTX declared a quarterly cash dividend of $0.10 per share that will be payable January 17, 2018, to shareholders of record of the common stock on January 5, 2018.

$GNTX {{ '2017-08-23T12:22:01+0000' | timeago}} • Announcement

$GNTX's BoD recently declared a quarterly cash dividend of $0.10 per share, which will be payable on Oct. 18, 2017 to shareholders of record on Oct. 6, 2017. The BoD also authorized the purchase of an additional 15MM common shares. As of Aug. 23, 2017, the company has a total of about 15.7MM shares remaining available for repurchase.

$GNTX {{ '2017-08-22T17:43:23+0000' | timeago}} • Announcement

$GNTX promoted Steve Downing to President, COO, Interim CFO, and Treasurer. In this new role, Downing will continue to report to Fred Bauer, Chairman and CEO.

$GNTX {{ '2017-04-21T15:20:38+0000' | timeago}} • Webcast

$GNTX has been seeing good growth rates in its European markets and a lot of this is driven by its frameless technology. The company has done well with both inside mirrors and outside mirrors. The growth has been well-distributed across the board and across all OEMs.

$GNTX {{ '2017-04-21T15:04:54+0000' | timeago}} • Webcast

$GNTX said 1Q is typically the toughest quarter because the company has the January 1 price-downs. $GNTX does not get full benefit from its supply side due to cost-downs. The company also faced some mix issues which led to margin reductions in 1Q17.

$GNTX {{ '2017-04-21T13:22:36+0000' | timeago}} • Announcement

$GNTX sees total light vehicle production at 13.46MM units for 2Q17, 2.32MM units for 3Q17 and  52.75MM units for FY17.  Gentex now expects its revenue estimates for 2Q17 and 3Q17 to be at or around the lower end of its annual guidance range, but expects 4Q17 to return to the higher end of that range.

$GNTX {{ '2017-04-21T13:17:49+0000' | timeago}} • Announcement

A 12% quarterly hike in auto-dimming mirror unit shipments helped automotive net sales of $GNTX rise 13% in 1Q17 to $445.6MM from a year ago. During the first quarter, $GNTX repurchased 1.5MM shares.

$GNTX {{ '2017-04-21T13:10:27+0000' | timeago}} • Announcement

For 1Q17, $GNTX reported a 12% hike in net sales of $453.5MM, pushing the net income up 22% to $97.6MM from $80.3MM a year ago. Favorable discrete items of $5.6MM impacted the tax provision, helping the diluted EPS to rise 18% to $0.33.

$GNTX {{ '2017-01-27T20:06:46+0000' | timeago}} • Webcast

$GNTX said that $GM was the launch customer for its Full Display Mirror product, and the product is now available on six different nameplates in GM line-up.

$GNTX {{ '2017-01-27T14:23:23+0000' | timeago}} • Announcement

$GNTX expects 2017 revenue of $1.78-1.85Bil, gross margin of 39-40% and operating expenses of $165-172MM. The company predicts 2017 tax rate of 31.5-32.5%, capital expenditures of $115-130MM and depreciation and amortization of $95-105MM. For 2018, $GNTX projects revenue growth of about 6-10% above the 2017 revenue estimates.

$GNTX {{ '2017-01-27T14:20:33+0000' | timeago}} • Announcement

$GNTX's auto-dimming unit shipments for 4Q16 rose 4% from the previous year quarter. As a result, automotive net sales increased 4% to $411.5MM from $395.9MM last year. Other net sales fell 14% to $8.4MM.

$GNTX {{ '2017-01-27T14:18:04+0000' | timeago}} • Announcement

$GNTX reported a rise in 4Q16 earnings driven by strong advanced feature shipments and purchasing cost reductions. Net income rose to $88.76MM or $0.31 per share from $88.4MM or $0.30 per share last year. Net sales grew to $419.91MM from $405.6MM, on a rise in auto-dimming interior and exterior rearview mirror shipments.

$GNTX {{ '2016-05-20T09:07:23+0000' | timeago}} • Announcement

Zeeland, Michigan-based $GNTX said that its BoD has increased the quarterly cash dividend by 5.9% to $0.09 per share. The Board declared a quarterly cash dividend of $0.09 per share that will be payable July 20, 2016, to shareholders of record of the common stock at the close of business on July 7, 2016.

$GNTX {{ '2016-04-22T17:31:18+0000' | timeago}} • Webcast

$GNTX said CapEx for 1Q16 was $20.3MM compared to $15.2MM in the year ago quarter and expects its FY16 CapEx to be in the range of $115-130MM. For CY16, the company expects net sales to be between $1.64-1.72Bil; gross profit margin between 38.5-39.5%; and OpEx in the range of $152-160MM.

$GNTX {{ '2016-04-22T17:22:07+0000' | timeago}} • Webcast

Electro-optical technology products manufacturer $GNTX said that during 1Q16 the company paid down $15MM on its revolver loan, additionally to the scheduled principle repayment on the company's term loan. Engineering, research & development and SG&A expenses rose 7% for the quarter to $23.1MM and 14.8MM respectively.

$GNTX {{ '2016-04-22T13:46:47+0000' | timeago}} • Announcement

During 1Q16, $GNTX repurchased 3.1MM shares of its common stock. As of March 31, 2016, the company has about 6.4MM shares remaining available for repurchase in the previously announced share repurchase plan including the most recent authorization of 5MM shares in February 2016.

$GNTX {{ '2016-04-22T13:43:39+0000' | timeago}} • Announcement

$GNTX's Automotive net sales for 1Q16 increased by 9% to $394MM from last year. This was primarily due to a 11% increase in auto dimming mirror unit shipments QoverQ. Other net sales jumped by 39% to $11.6MM, due to a 42% jump in dimmable aircraft window sales and a 36% growth in sales from fire protection products.

$GNTX {{ '2016-04-22T13:40:54+0000' | timeago}} • Announcement

Automatic-dimming rearview mirrors maker $GNTX reported a rise in 1Q16 earnings driven by purchasing cost reductions and its ability to leverage fixed overhead costs. Net income rose to $80.28MM or $0.28 per share from $77.18MM or $0.26 per share last year. Net sales grew to $405.57MM from $368.94MM.

$GNTX {{ '2016-02-25T15:56:31+0000' | timeago}} • Announcement

Zeeland, Michigan-based $GNTX said its BoD declared a quarterly dividend of 8.5 cents per share. The cash dividend will be payable April 17, 2016, to shareholders of record of the common stock on April 7, 2016.

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