- Gentex (NASDAQ:NASDAQ:GNTX) reports Automotive net sales rose 5% to $433.9M in Q2, due to 6% rise in auto-dimming mirror unit shipments .
- Total auto-dimming mirror units +521 Y/Y to 9,788.
- Gross margin rate squeezed 170 bps to 37.7% due to annual customer price reductions.
- Operating margin rate declined 200 bps to 28.4%.
- FY2017 Guidance: Net sales: $1.79B to $1.83B; Gross margin rate: 38.5% to 39%; Operating expense: $165M to $170M; Tax rate: 31.5% to 32.5%; Capex: $115M to $130M; D&A: $95M to $105M.
More on Gentex's Q2
Recommended For You
More Trending News
About GNTX Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
GNTX | - | - |
Gentex Corporation |