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ZEELAND, Mich., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today announced that Gentex and VOXX International Corporation (NASDAQ: VOXX) have entered into a definitive agreement and plan of merger for Gentex to acquire VOXX in an all-cash transaction.
Transaction Implies 163% Premium Over the Unaffected Stock Price Prior to the August 27, 2024 Announcement that the Board was exploring Strategic Alternatives ORLANDO, Fla. , Dec. 18, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX) ("VOXX" or the "Company"), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, as well as strategic joint ventures including biometrics, today announced that VOXX and Gentex Corporation (NASDAQ: GNTX) ("Gentex") have entered into a definitive agreement and plan of merger ("Merger Agreement") for Gentex to acquire VOXX in an all-cash transaction.
GRAND RAPIDS, Mich., Dec. 03, 2024 (GLOBE NEWSWIRE) -- PhotoniCare Inc., a medical device company dedicated to delivering innovation to frontline care that demonstrably enhances patient outcomes, is pleased to announce that it has secured $4.6 million in Series B financing, formed a manufacturing partnership with Gentex Corporation for its first-in-class, FDA-cleared OtoSight™ Middle Ear Scope, and finalized the relocation of its headquarters from Champaign, Illinois to Grand Rapids, Michigan. The new money is the first close in an expected $9 million round.
CARBONDALE, Pa.--(BUSINESS WIRE)--Gentex Corporation, a global leader in personal protection and situational awareness solutions for defense forces, aircrew, emergency responders and industrial personnel, has been awarded an Other Transaction Agreement (OTA) by the U.S. Navy to develop the Navy's Next Generation Fixed Wing Helmet (NGFWH) program. This further signifies Gentex's commitment to providing cutting-edge protection for military aircrew and marks an important step forward in Naval Avia.
ZEELAND, Mich., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable January 22, 2025, to shareholders of record of the common stock at the close of business on January 8, 2025.
CARBONDALE, Pa.--(BUSINESS WIRE)--Gentex Corporation, a global leader in personal protection and situational awareness solutions for defense forces, aircrew, emergency responders and industrial personnel, announced today that it was awarded the United States Air Force Aircrew Laser Eye Protection (ALEP) Night Spectacle contract to develop and produce its laser protective eyewear for aircrew, the Block III Night Spectacle. This order includes over 13,000 Block III Night Spectacles over the next.
GNTX reports mixed third-quarter results and expects 2024 net sales in the range of $2.35-$2.40 billion, down from the previous estimate of $2.40-$2.50 billion.
The headline numbers for Gentex (GNTX) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Gentex (GNTX) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.45 per share a year ago.
Gentex Corporation (NASDAQ:GNTX ) Q3 2024 Earnings Call Transcript October 25, 2024 9:30 AM ET Company Participants Josh O'Berski - Director of Investor Relations Steve Downing - President and Chief Executive Officer Neil Boehm - Chief Technology Officer Kevin Nash - Chief Financial Officer, CAO, Vice President of Finance, and Treasurer Conference Call Participants Luke Junk - Baird James Picariello - BNP Paribas Ryan Brinkman - JP Morgan Ron Jewsikow - Guggenheim Partners Josh Nichols - B. Riley Joseph Spak - UBS Operator Good day, and thank you for standing by.