ZEELAND, Mich., April 24, 2026 (GLOBE NEWSWIRE) -- Gentex Corporation (GNTX), a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and consumer electronics, today reported financial results for the three months ended March 31, 2026. First Quarter 2026 Highlights - Net sales: Consolidated $675.4 million; core Gentex (exâVOXX) $586.8 million - Gross margin: Consolidated 33.8%; core Gentex (exâVOXX) 34.0% - Consolidated Income from operations: (GAAP) $123.7 million; core Gentex $117.9 million; adjusted income from operations (nonâGAAP) for core Gentex $121.4 million - Net income attributable to Gentex: (GAAP) $98.5 million; adjusted net income (nonâGAAP) $103.7 million - Earnings per diluted share attributable to Gentex: (GAAP) $0.46; adjusted earnings per diluted share (nonâGAAP) $0.48 - Share repurchases: 3.3 million shares repurchased during the quarter for a total of $71.6 million Financial Summary For the first quarter of 2026, the Company reported consolidated net sales of $675.4 million, a 17% increase compared to net sales of $576.8 million in the first quarter of 2025, which did not include VOXX International Corporation ("VOXX"). During the first quarter of 2026, VOXX contributed $88.6 million of revenue, while core Gentex revenue totaled $586.8 million, representing a 2% quarter-over-quarter increase despite global light vehicle production that was down over 3% compared to the first quarter of 2025. âCore Gentex revenue growth in the quarter was driven by advanced feature strength in several regions that helped offset lower light vehicle production and continuing unit volume headwinds. As an example, North American revenue increased approximately 6% yearâoverâyear despite a 2% decline in light vehicle production in that region compared to the first quarter of 2025. This outperformance was driven primarily by continued growth and penetration of Full Display Mirror ("FDM") shipments. In Europe, Japan, and Korea, auto-dimming mirror unit shipments declined approximately