Gentex Q1 Impacted By Tariff Uncertainty, Suspends Mirror Production For Chinese Market

Zinger Key Points

Gentex Corporation GNTX shares are trading lower on Friday after the first-quarter results were reported.

The company reported quarterly earnings per share of 42 cents, in line with the analyst consensus estimate. Revenues of $576.8 million (down 2% year over year) outpaced the street view of $571.97 million.

For the first quarter of 2025, the gross margin was 33.2%, compared to a gross margin of 34.3% in the year-ago period, due to lower revenue, an unfavorable product mix and new tariff costs.

 In addition to the revenue headwinds, the gross margin was also impacted by new tariff expenses of approximately $650,000 in the quarter.

Also Read: AutoNation Races Ahead: Stock Pops On Q1 Sales Beat, Margin Strength

Automotive net sales in the first quarter of 2025 were $563.9 million compared to $577.6 million in the first quarter of 2024. Auto-dimming mirror unit shipments decreased by 7% year over year.

As a result of the current and expected tariff escalation in the Chinese market, the company said it has proactively halted production of interior and exterior mirrors destined for customers in the Chinese market. Subsequently, many of the company’s customers based in China have canceled or paused orders at this time.

  • Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
  • Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
  • Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
Share Price: $0.80
Min. Investment: $1,000
Valuation: $3.5B

Outlook: Gentex has revised its full-year 2025 sales outlook to a range of $2.15 billion to $2.32 billion, down from the previous $2.40 billion to $2.45 billion range and below the $2.52 billion estimate.

The company now expects gross margins between 33% and 34%, slightly lower than its earlier forecast of 33.5% to 34.5%.

“In the short term, however, as we secure reimbursement for tariffs on imports, the gross margin percentage will be impacted as we add costs and reimbursements that don’t include margin dollars. As we move through the year, we will be monitoring revenue closely and adjusting expenses to align to the market conditions,” said Gentex President and CEO Steve Downing. 

GNTX Price Action: Gentex shares are trading lower by 1.41% to $21.66 at publication Friday.

Read Next:

Photo: Generic auto rearview mirror photo by Evgenius1985 via Shutterstock

GNTX Logo
GNTXGentex Corp
$21.641.07%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
14.52
Growth
80.65
Quality
21.03
Value
74.38
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Comments
Loading...