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Gentex — Jan 31, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000355811-25-000006
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Revenue Outgrowth versus Primary Markets
“a 7% outgrowth versus our primary markets”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 10
Target gross margin for FY2025
“approximately 35%”
Revenue for FY2025
“$2.40 - $2.45 Billion”
Gross Margin for FY2025
“33.5% - 34.5%”
Operating Expenses (E,R&D and S,G&A) for FY2025
“$310 - $320 million”
Estimated Annual Tax Rate for FY2025
“15% - 17%”
Capital Expenditures for FY2025
“$125 - $150 million”
Depreciation & Amortization for FY2025
“$85 - $90 million”
Calendar year 2026 revenue for FY2026
“between $2.55 and $2.65 billion”
Revenue for FY2026
“between $2.55 and $2.65 billion”
Revenue Outgrowth versus Primary Markets for FY2025
“a 7% outgrowth versus our primary markets”
Exhibit 99.1 · the passage around this item
… earlier in the release
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 market, we are forecasting revenue growth in 2025, that at mid-point of revenue guidance suggests a 7% outgrowth versus our primary markets. This growth can only be accomplished by launches of new products and technology. The commitment we have made to invest in and develop engineering capabilities and new technologies is beginning to provide the signs of what we hope to be a long-term, sustainable outperformance versus the underlying market that can generate shareholder returns long into the future,” concluded Downing. Safe Harbor for Forward-Looking Statements This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements contained in this communication that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” Exhibit 99.1 “expect,” “forecast,” “future,” “goal,” “guidance,” “hope,” “intend,” "likely", “may,” “opinion,” “optimistic,” “plan,” “poised,” “predict,” “project,” “should,” “strategy,” “target,” “will,” "work to," and variations of such words and similar expression
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.