Gentex — Apr 24, 2026 release

The updated guidance reflects the anticipated impact of all known tariffs effective as of April 24, 2026. 2026 Annual Guidance (as of April 24, 2026 ) • Consolidated Revenue: $2.65 – $2.75 billion (previously $2.60 - $2.70 billion) • Gross Margin: 34% – 35% (no change) • Operating Expenses (excluding severance and impairments ): $410 – $420 million (no change) • Tax Rate: 16% – 18% (no change) • Capital Expenditures: $125 – $140 million (no change) • Depreciation & Amortization: $100 – $110 million (no change) 2027 Revenue Guidance Based on the mid‑April 2026 S&P Global Mobility light‑vehicle production outlook and the Company’s estimates for premium audio, aerospace, medical, fire protection, and consumer electronics products, the Company has updated its expected calendar‑year 2027 revenue to range between $2.80 billion and $2.90 billion. International Emergency Economic Powers Act ("IEEPA") Tariffs As it relates to the recent invalidation of the IEEPA tariffs by the U.S. Supreme Court, the Company has not recognized any potential refund in its first‑quarter results. The Company is in the process of assessing the potential impact of such invalidation, and its eligibility and process for seeking refunds. As of March 31, 2026, the Company estimates that approximately $15 million of tariff costs have been capitalized in inventory associated with IEEPA tariffs, which had not yet been expensed as of that date. Since the inception of the