Gentex (GNTX) Surges 16% on Impressive Income

We recently published 10 Shares Explode as Earnings Impress. Gentex Corporation (NASDAQ:GNTX) is one of the best-performing stocks on Friday.

Gentex Corp., an automotive technology company, surged by 16.19 percent on Friday to close at $27.42 apiece as investor sentiment was boosted by its impressive earnings performance in the second quarter of the year despite a cautious outlook for the remainder of 2025.

In its earnings statement, Gentex Corporation (NASDAQ:GNTX) said attributable net income grew by 11.6 percent to $96 million from $86 million in the same period last year, excluding the impact of its acquisition of VOXX International Corp.

Meanwhile, net sales increased by 14.8 percent to $657.86 million from $572.92 million year-on-year.

Looking ahead, Gentex Corporation (NASDAQ:GNTX) said it expects global light vehicle production for the third quarter of the year to end relatively flat versus the same period last year, while light vehicle production in its primary markets is expected to dip by 1 percent year-on-year.

For the fourth quarter, global light vehicle production is predicted to drop by 6 percent year-on-year across its primary markets, including China.

Photo by SpaceX on Unsplash

For the full year, production is targeted to decline by 3 percent year-on-year while production in North America alone is expected to fall by 4 percent.