Gentex — Jan 31, 2025 release

2024 % Change North America 15.4  15.1  15.5  2  % (3) % Europe 17.0  16.6  17.1  2  % (3) % Japan and Korea 11.6  11.9  12.0  (3) % (1) % China 31.0  30.2  30.1  3  % —  % Total Light Vehicle Production 75.0  73.8  74.7  2  % (1) % Exhibit 99.1 2025 Guidance Revenue $2.40 - $2.45 Billion Gross Margin 33.5% - 34.5% Operating Expenses (E,R&D and S,G&A) $310 - $320 million Estimated Annual Tax Rate 15% - 17% Capital Expenditures $125 - $150 million Depreciation & Amortization $85 - $90 million      Additionally, based on the mid-January 2025 S&P Global Mobility light vehicle production forecast, as well as the Company's estimates for aerospace, medical, and fire protection products, the Company currently expects calendar year 2026 revenue to be between $2.55 and $2.65 billion. "Despite the industry’s optimism at the beginning of the year, calendar year 2024 brought a challenging operating environment for much of the year, driven by lower-than-expected light vehicle production in our primary markets. Despite these challenges, the Company has been able to continue outperforming the underlying market and create year-over-year growth. These headwinds significantly impacted our overall revenue estimates, which makes margin expansion very difficult. Despite this, the team’s work and focus on margin improvement allowed us to make a modest year-over-year improvement in gross margin as well. As we look into 2025, light vehicle production estimates indicate that our largest ma