Revenue: As of FY2025 Q1, the actual value is USD 576.77 M, beating the estimate of USD 572.09 M.EPS: As of FY2025 Q1, the actual value is USD 0.42, beating the estimate of USD 0.4183.EBIT: As of FY2025 Q1, the actual value is USD 113.63 M, beating the estimate of USD 111.38 M.<h3>Segment Revenue</h3><ul><li>Automotive Products: Net sales for the first quarter of 2025 were $563.9 million, a 2% decrease compared to $577.6 million in the first quarter of 2024.</li><li>Other Products: Net sales were $12.9 million in the first quarter of 2025, compared to $12.6 million in the first quarter of 2024, an increase of 2%.</li></ul><h3>Operational Metrics</h3><ul><li>Net Income: $94.9 million for the first quarter of 2025, down from $108.2 million in the first quarter of 2024.</li><li>Gross Margin: Decreased to 66.8% for the first quarter of 2025, compared to 65.7% in the same quarter last year.</li><li>Operating Expenses: Total operating expenses were $78.7 million in the first quarter of 2025, an increase of 8% compared to $72.9 million in the first quarter of 2024.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: Increased $18.6 million to $148.5 million for the three months ended March 31, 2025, compared with $129.9 million during the same period last year.</li></ul><h3>Unique Metrics</h3><ul><li>Automotive Mirror Shipments: Total auto-dimming mirror unit shipments decreased by 7% to 11.5 million units in the first quarter of 2025, compared to 12.5 million units in the first quarter of 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: Revenue in the Company’s primary markets of North America, Europe, and Japan/Korea is expected to be between $2.1 and $2.2 billion for 2025.</li><li>Non-Core Business: The Company has halted production and sales of products intended for the China market due to tariff issues, with expected revenue in the China market between $50 and $120 million.</li><li>Merger with VOXX: Expected to add between $325 and $375 million in revenue on an annualized basis, with a contribution to calendar year 2025 of approximately $240 to $280 million.</li></ul>

Gentex | 10-Q: FY2025 Q1 Revenue Beats Estimate at USD 576.77 M