More on Gentex's Q3

• Gentex (NASDAQ:GNTX +1.7%) reports Automotive net sales rose 11% to $419.8M in Q3, due to 9% sequential increase in auto-dimming mirror unit shipments .
• Total auto-dimming mirror units +789 Y/Y to 9,113.
• Gross margin rate improved 150 bps to 40.5% driven by purchasing cost reductions and favorable product mix.
• Operating margin rate expanded 140 bps to 31.2%.
• Q4 Guidance: Revenue: +5% to +10%.
• FY2016 Guidance: Net sales: $1.68B to $1.71B; Gross margin rate: 39.3% to 39.7%; Opex: $152M to $157M; Tax rate: 31.5% to 32.5%; Capex: $115M to $130M; D&A: $90M to $100M.