XML 13 R3.htm IDEA: XBRL DOCUMENT v3.25.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
NET SALES $ 655,236,055 $ 608,525,777 $ 1,889,867,355 $ 1,771,676,766
COST OF GOODS SOLD 430,069,318 404,462,142 1,247,676,128 1,176,812,215
Gross profit 225,166,737 204,063,635 642,191,227 594,864,551
OPERATING EXPENSES:        
Engineering, research and development 52,634,707 48,225,968 150,030,348 134,411,948
Selling, general & administrative 49,686,902 30,109,515 128,135,262 90,494,117
Severance expense 518,190 0 10,191,438 0
Total operating expenses 102,839,799 78,335,483 288,357,048 224,906,065
Income from operations 122,326,938 125,728,152 353,834,179 369,958,486
OTHER (LOSS) INCOME        
Investment income, net 542,055 18,982,629 1,788,679 3,220,333
Other, net (2,298,285) 744,569 (5,954,429) 1,255,438
Total other (loss) income, net (1,756,230) 19,727,198 (4,165,750) 4,475,771
INCOME BEFORE PROVISION FOR INCOME TAXES 120,570,708 145,455,350 349,668,429 374,434,257
PROVISION FOR INCOME TAXES 19,684,004 22,906,309 58,257,230 57,614,063
NET INCOME 100,886,704 122,549,041 291,411,199 316,820,194
Less: Net loss attributable to non-controlling interests (81,206) 0 (470,340) 0
NET INCOME ATTRIBUTABLE TO GENTEX CORPORATION $ 100,967,910 $ 122,549,041 $ 291,881,539 $ 316,820,194
EARNINGS PER SHARE ATTRIBUTABLE TO GENTEX CORPORATION:        
Basic (in dollars per share) [1] $ 0.46 $ 0.54 $ 1.31 $ 1.38
Diluted (in dollars per share) [1] 0.46 0.53 1.31 1.38
Cash Dividends Declared per Share (in dollars per share) $ 0.120 $ 0.12 $ 0.360 $ 0.36
[1]
(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.