Displaying items by tag: Gentex Corp
Gentex reports strong quarter despite supply chain challenges
ZEELAND — Despite numerous challenges in its operating environment, Zeeland-based automotive supplier Gentex Corp. managed to record its second highest sales quarter in company history.
Despite record fourth quarter, Gentex’s sales fall 9.2 percent in COVID-marred year
ZEELAND — Tier 1 automotive supplier Gentex Corp. capped off 2020 with a blistering final three months of sales.
Diversity-focused VC fund garners widespread attention, even before making initial investment
GRAND RAPIDS — The West Michigan venture capital fund that intends to invest in growing, minority-owned businesses has garnered attention from interested parties who want to replicate the model elsewhere in the U.S.
GR-based VC fund targeting minority-owned companies raises $8.5M in first year
GRAND RAPIDS — The venture capital fund formed a year ago in Grand Rapids to invest in minority-owned businesses has netted $8.5 million in commitments from investors and aims to hit $10 million this year.
Manufacturers deploy recruiting, certification strategies to bolster workforce
Talent gaps and workforce shortages are two issues that have dogged the manufacturing industry for years, pushing Michigan companies and their supporting organizations to develop a more robust talent pipeline in Michigan.
Gentex announces 5-year donation to Kids’ Food Basket as nonprofit opens new facility
ZEELAND — Gentex Corp. has pledged annual $60,000 donations to Kids’ Food Basket over the next five years to support the nonprofit’s programs, a new Holland facility and a matching fund for additional gifts.
‘Severe change in demand’ shrinks Gentex quarterly earnings
ZEELAND — Citing fallout from the COVID-19 pandemic — particularly how the global crisis has affected worldwide light vehicle production — Gentex Corp. reported rough financial results for the second quarter of 2020.
The Zeeland-based supplier of digital vision, connected car, dimmable glass and fire protection technologies generated net sales of $229.9 million for the quarter, a 51-percent drop from $468.7 million in revenue for the second quarter of 2019.
Automotive suppliers welcome break from most 2020 auto shows
Auto manufacturers, dealers and OEMs will catch a break from the busy auto show circuit this year after the COVID-19 pandemic essentially wiped out the ability to hold crowded events.
Gentex withdraws revenue guidance for 2021 as earnings decline
ZEELAND — Gentex Corp. (NASDAQ: GNTX) reported first-quarter losses related to the ongoing shutdown of most vehicle production and the ensuing economic crisis caused by the coronavirus global pandemic.
Pandemic pushes more corporations to hold virtual annual shareholder meetings
The ritual of public companies hosting their annual shareholders meeting will start again in the coming weeks.