Gentex Corp, a leading supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, has released its Form 10-Q report for the first quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational highlights, reflecting the challenges and strategic initiatives undertaken during the period. Financial Highlights Net Sales: $576.8 million, a decrease of 2% compared to the first quarter of 2024, primarily due to a 7% decrease in automotive mirror unit shipments. Gross Profit: $191.7 million, with a decrease in gross profit margin attributed to lower net sales levels, new tariff costs, and an unfavorable product mix. Income from Operations: $113.0 million, down from $129.3 million in the first quarter of 2024, impacted by increased operating expenses including severance costs. Net Income: $94.9 million, a decrease from $108.2 million in the first quarter of 2024, driven by lower net sales and income from operations.