Gentex dips after Q3 sales miss

Gentex

24/10/2025 14:09

** Shares of auto-parts manufacturer Gentex Corp GNTX.O down 1.7% at $25.85 after Q3 sales miss

** Posts Q3 net sales of $655.2 mln, below analysts' estimates of $660.6 mln

** GNTX CEO Steve Downing says regional headwinds in Europe and China and tariff impacts weighed on results, adding that VOXX acquisition drove higher costs

** Co now expects full-year 2025 revenue forecast of $2.50 bln-$2.60 bln from $2.44 bln-$2.61 bln earlier

** Anticipates 2025 China market revenue of $135 mln-$145 mln, up from $100 mln-$125 mln

** Three of eight analysts rate the stock "buy" or higher, and five rate it "hold"; their median PT is $30.5 - data compiled by LSEG

** Stock down 8.39% YTD, as of last close

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))