Overview

* Gentex Q3 2025 consolidated sales up 8% yr/yr, but missed analyst expectations

* Core Gentex Q3 2025 revenue fell 6% yr/yr, excluding VOXX contribution

* Company repurchased 1.0 mln shares for $28.3 mln during Q3 2025

Outlook

* Gentex ( GNTX ) raises full-year 2025 revenue guidance to $2.50-$2.60 bln from $2.44-$2.61 bln

* Company expects full-year 2025 gross margin of 33.5%-34%

* Gentex ( GNTX ) anticipates 2025 China market revenue of $135-$145 mln, up from $100-$125 mln

Result Drivers

* VOXX ACQUISITION - VOXX contributed $84.9 mln to Q3 2025 revenue, aiding overall sales growth

* REGIONAL PERFORMANCE - North American OEM revenue rose 5% qtr/qtr due to robust production schedules and increased content per vehicle, while European revenue fell 14% due to production challenges and a weaker vehicle mix

* GROSS MARGIN IMPROVEMENT - Core Gentex gross margin rose by 140 basis points due to favorable North American mix, cost reductions, and operational efficiencies, partially offset by tariff costs, per CEO Steve Downing

* REGIONAL PERFORMANCE - North American revenue rose 5% due to strong production schedules and increased content per vehicle, while European revenue fell 14% due to production challenges and a weaker vehicle mix, per CEO Steve Downing

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $655.20 $660.60

mln mln (6

Analysts

)

Q3 EPS $0.46

Q3 Net $101 mln

Income

Q3 Gross 34.40%

Margin

Q3 $102.80

Operatin mln

g

Expenses

Q3 $122.30

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

* Wall Street's median 12-month price target for Gentex Corp ( GNTX ) is $30.50, about 13.7% above its October 23 closing price of $26.32

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)