Gentex Q4 sales hit record $589.1 million, up 19%; diluted EPS $0.50
Gentex reported fourth-quarter and full-year 2023 results on January 26, 2024, with record net sales and higher net income and earnings per share than a year earlier. The company also issued 2024 guidance for revenue of $2.45 billion to $2.55 billion and expects 2025 revenue of $2.65 billion to $2.75 billion. For shareholders, the filing shows sales and profit growth, while the company is still working to raise gross margin to a 35% to 36% target by the end of 2024.
Key points
- Q4 2023 net sales were $589.1 million, up 19% from $493.6 million; net income was $116.9 million and diluted EPS was $0.50, versus $0.37 a year earlier.
- Full-year 2023 net sales were $2.30 billion, up 20%; net income was $428.4 million and diluted EPS was $1.84, versus $1.36 in 2022.
- 2024 guidance: revenue of $2.45 billion to $2.55 billion and gross margin of 34% to 35%.
- Q4 2023 revenue included one-time cost recoveries of approximately $5 million; the company repurchased $144.7 million of shares in 2023.
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 26, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.