More on Cooper Tire & Rubber's Q4

• Cooper Tire & Rubber (NYSE:CTB) reports unit volume rose 7.7 in Q4.
• Americas tire sales fell 2.4% to $694M, whereas unit shipment grew 1.5%.
• International tire sales increased 23% to $124M.
• Gross margin rate squeezed 60 bps to 21.6%.
• SG&A expense rate improved 80 bps to 8.1% primarily due to lower incentive compensation costs.
• Operating margin rate up 20 bps to 13.4%.
• Americas tire operating margin rate slipped 30 bps to 16.8%.
• FY2017 Guidance: Effective tax rate: 30% to 33%; Capex: $220M to $250M.