GENTEX CORP
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 4, 2026
GNTX$19.42-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Income
For the Three and Six Months Ended June 30, 2026 and 2025
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| NET SALES | $651,299,705 | $657,858,210 | $1,326,742,831 | $1,234,631,300 |
| COST OF GOODS SOLD | 410,301,978 | 432,567,307 | 857,118,190 | 817,606,810 |
| Gross profit | 240,997,727 | 225,290,903 | 469,624,641 | 417,024,490 |
| OPERATING EXPENSES: | ||||
| Engineering, research and development | 49,259,001 | 51,471,277 | 100,911,620 | 97,395,641 |
| Selling, general & administrative | 50,037,461 | 48,515,355 | 99,829,295 | 78,448,360 |
| Impairment charges (Note 3) | — | — | 2,800,000 | — |
| Severance expense | 362,871 | 6,784,136 | 1,085,413 | 9,673,248 |
| Total operating expenses | 99,659,333 | 106,770,768 | 204,626,328 | 185,517,249 |
| Income from operations | 141,338,394 | 118,520,135 | 264,998,313 | 231,507,241 |
| OTHER (LOSS) INCOME | ||||
| Investment (loss) income, net | (5,564,207) | (3,628,231) | (5,651,577) | 1,246,624 |
| Other, net | 1,054,503 | 6,760,235 | (4,470,484) | (3,656,144) |
| Total other (loss) income, net | (4,509,704) | (3,049,996) | (10,122,061) | (2,409,520) |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 136,828,690 | 115,470,139 | 254,876,252 | 229,097,721 |
| PROVISION FOR INCOME TAXES | 22,644,919 | 19,819,689 | 42,271,422 | 38,573,226 |
| NET INCOME | $114,183,771 | $95,650,450 | $212,604,830 | $190,524,495 |
| Less: Net loss attributable to non-controlling interests | (505,646) | (389,134) | (539,730) | (389,134) |
| NET INCOME ATTRIBUTABLE TO GENTEX CORPORATION | $114,689,417 | $96,039,584 | $213,144,560 | $190,913,629 |
| EARNINGS PER SHARE ATTRIBUTABLE TO GENTEX CORPORATION: (1) | ||||
| Basic | $0.54 | $0.43 | $1.00 | $0.85 |
| Diluted | $0.54 | $0.43 | $1.00 | $0.85 |
| Cash Dividends Declared per Share | $0.120 | $0.120 | $0.240 | $0.240 |
| (1) Earnings Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards. | ||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
For the Three and Six Months Ended June 30, 2026 and 2025
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Net income from consolidated operations | $114,183,771 | $95,650,450 | $212,604,830 | $190,524,495 |
| Other comprehensive income before tax: | ||||
| Foreign currency translation adjustments | 283,277 | 2,109,011 | 2,028,329 | 1,763,781 |
| Unrealized gains (losses) on derivatives | 919,773 | (1,245,367) | 733,337 | (1,245,367) |
| Unrealized gains (losses) on debt securities, net | (660,503) | 643,420 | (1,474,329) | 2,826,267 |
| Other comprehensive income, before tax | 542,547 | 1,507,064 | 1,287,337 | 3,344,681 |
| Income tax impact related to components of other comprehensive income | 54,449 | (126,409) | (155,607) | 331,989 |
| Other comprehensive income, net of tax | 488,098 | 1,633,473 | 1,442,944 | 3,012,692 |
| Comprehensive income from consolidated operations | $114,671,869 | $97,283,923 | $214,047,774 | $193,537,187 |
| Net loss attributable to non-controlling interests | (505,646) | (389,134) | (539,730) | (389,134) |
| Comprehensive income attributable to Gentex Corporation | $115,177,515 | $97,673,057 | $214,587,504 | $193,926,321 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.