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 markets are poised to shrink even more. However, even in the face of a smaller end mar