More on Gentex's Q1

|About: Gentex Corporation (GNTX)|By:, SA News Editor

Gentex (NASDAQ:GNTX) reports Automotive net sales increased 13% to $445.6M in Q1, due to 12% rise in auto-dimming mirror unit shipments .

Total auto-dimming mirror units +1092 Y/Y to 9,919.

Gross margin rate fell 30 bps to 38.8% due to annual customer price reductions.

Operating margin rate down 20 bps to 29.6%.