Gentex Corporation has announced its financial results for the second quarter of 2025, demonstrating significant growth in several key areas. The company's consolidated net sales, including its recent acquisition of VOXX International Corporation, totaled $657.9 million, marking a 15% increase compared to the second quarter of 2024. Excluding VOXX, core Gentex net sales reached $579.0 million, reflecting a 1% rise despite a 2% decline in light vehicle production in its primary markets. Net income attributable to Gentex increased by 12% to $96.0 million compared to the same period in 2024. Earnings per diluted share rose by 16% to $0.43, with adjusted earnings per share reaching $0.47, a 27% increase after accounting for acquisition-related and severance costs. Gentex's automotive net sales were reported at $566.5 million for the quarter. While sales in the China market were negatively impacted by counter-tariffs, these effects were more than offset by increased sales of advanced feature mirrors. The company's consolidated gross margin improved to 34.2%, up 130 basis points from the prior year, with core Gentex gross margin increasing by 240 basis points to 35.3%. A total of 5.7 million shares were repurchased during the quarter, amounting to $126.2 million. The acquisition of VOXX, completed on April 1, 2025, contributed $78.8 million to Gentex's revenue for the quarter.
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