Company Profile For Gentex Corporation

Gentex Corporation (GNTX.O) (Nasdaq)

sector: Cyclical Consumer Goods & Services · industry: Auto/Truck/Motorcycle Parts ·

As of 25 Nov 2009

17.16USD

Price Change

+0.05

Percent Change

+0.29%

Analyst Recommendations

Overview

Gentex Corporation designs, develops, manufactures and markets products employing electro-optic technology, automatic-dimming rearview automotive mirrors and fire protection products. The Company also developed and manufactures variable dimmable windows for the aircraft industry and non-automatic-dimming rearview automotive mirrors with electronic features. During the year ended December 31, 2008, the Company announced its RCD Mirror for 16 additional models for Hyundai/Kia, General Motors, Toyota and Ford. During 2008, the Company also announced that its RCD Mirror was available through MITO Corporation, a distributor of aftermarket electronic products and accessories.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Gentex Corporation's revenues decreased 27% to $366.9M. Net income decreased 52% to $34.6M. Revenues reflect a decrease in automotive products revenues and lower other revenues. Net loss also reflects a decrease in gross profit, lower operating income from operations, a decrease in investment income and the presence of impairment loss on available-for-sale securities.