Trade Gentex Corp - GNTX CFD

Gentex Company profile

About Gentex Corporation

Gentex Corporation is a designer, developer, manufacturer, marketer, and supplier of digital vision, connected car, dimmable glass, and fire protection products. The Company provides automatic-dimming and non-automatic-dimming rearview mirrors and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry. The Company's business segment involves designing, developing, manufacturing, and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilizes electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. Within this business segment, the Company also designs, develops and manufactures various electronics that are value added features to the interior and exterior automotive rearview mirrors as well as electronics for interior visors, overhead consoles, and other locations in the vehicle.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Gentex Corporation revenues increased 3% to $1.73B. Net income applicable to common stockholders increased 4% to $355.2M. Revenues reflect Automotive Products segment increase of 3% to $1.7B, U.S segment increase of 3% to $576.7M, U.S segment increase of 3% to $576.7M, Germany segment increase of 3% to $235M. Net income benefited from Automotive Products segment income increase of 5% to $414.2M.

Equity composition

Common Stock $.06 Par, 3/11, 200M auth., 142,558,829 issd., Insiders control 3.33%. PO 8/89, 1M shares @ $11.625 byFurman Selz Mager Dietz & Birney, Inc. 5/05, 6/98,6/96, 6/93, 2-for-1 stock splits.01/15, 2-for-1 Stock split.