Gentex — Apr 25, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000355811-25-000026
Showing in the filing
Tax Rate
“15% - 17%”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 11
Revenue - Primary Markets for FY2025
“$2.40 - $2.45 billion”
Revenue - China for FY2025
“$50 - $120 million”
Gross Margin for FY2025
“33.5% - 34.5%”
Operating Expenses (excluding severance) for FY2025
“$310 - $320 million”
Tax Rate for FY2025
“15% - 17%”
Capital Expenditures for FY2025
“$125 - $150 million”
Depreciation & Amortization for FY2025
“$85 - $90 million”
Revenue from the merger, on an annualized ba…
“between $325 and $375 million”
VOXX Merger Annualized Revenue Contribution
“between $325 and $375 million”
Expected revenue contribution from the merger for FY2025
“approximately $240 to $280 million”
VOXX Merger Revenue Contribution for FY2025
“approximately $240 to $280 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
2025 Annual Guidance - (excluding VOXX Merger) As of January 31, 2025 As of April 25, 2025 Revenue - Primary Markets $2.40 - $2.45 billion $2.10 - $2.2 billion Revenue - China Included above $50 - $120 million Gross Margin 33.5% - 34.5% 33% - 34% Operating Expenses ( excluding severance) $310 - $320 million $300 - $310 million Tax Rate 15% - 17% 15% - 17% Capital Expenditures $125 - $150 million $100 - $125 million Depreciation & Amortization $85 - $90 million $85 - $90 million The Company's revenue guidance has been updated based on the current tariff environment and provides additional detail regarding revenue from the Company's primary markets, while separately identifying revenue from the China market. This additional detail regarding the Company’s revenue is included for the time being to allow investors to better understand the Company's exposure in the China market due to the impact that tariffs are expected to have on this market. Additionally, as noted, the revenue estimates above do not include any revenue from the recently completed merger with VOXX. At this time, the Company is withdrawing revenue guidance for calendar year 2026 due to the significant uncertainty surrounding the China market as a result of the impact of incremental tariffs on Company exports to China; the economic impact of import and export tariffs on the Company's primary markets; and work being done to finalize a more complete financial picture of the recently completed merger with VOXX. The Company anticipates providing updated revenue gui
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.