Overview
- Quarterly sales were $655.2 million and adjusted EPS was $0.46, with both measures coming in below Street expectations.
- VOXX contributed $84.9 million to revenue, while core Gentex sales fell 6% year over year to $570.3 million.
- Core gross margin improved to 34.9%, up 140 basis points year over year, with tariff-related costs reducing margins by about 90 basis points.
- Regional results diverged as North America rose roughly 5% quarter over quarter, Europe fell about 14% quarter over quarter, and China revenue dropped around 35% year over year to $34 million.
- Management tightened full-year sales guidance to $2.50 billion–$2.60 billion and flagged an approximate 1% decline in primary-market auto production, while shares fell about 5.7% intraday after the report.