2024-07-26 11:50:27 ET
Gentex Corporation (GNTX)
Q2 2024 Earnings Conference Call
July 26, 2024 09:30 AM ET
Company Participants
Josh O'Berski - Director, Investor Relations
Steve Downing - President & Chief Executive Officer
Kevin Nash - Vice President of Finance & Chief Financial Officer
Neil Boehm - Chief Technology Officer
Conference Call Participants
Luke Junk - Baird
Josh Nichols - B. Riley
Ryan Brinkman - JPMorgan
James Picariello - BNP Paribas
John Murphy - Bank of America
Mark Delaney - Goldman Sachs
David Whiston - Morningstar
Ron Jewsikow - Guggenheim Securities
Presentation
Operator
Good day, and thank you for standing by. Welcome to the 2024 Second Quarter Gentex Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is recorded.
I'd now like to hand the conference over to your first speaker today, Josh O'Berski, Director of Investor of Investor Relations. Please go ahead.
Josh O'Berski
Thank you. Good morning, and welcome to the Gentex Corporation Second Quarter 2024 Earnings Release Conference Call. I'm Josh O'Berski, Gentex's Director of Investor Relations, and I'm joined by Steve Downing, President and CEO; Neil Boehm, CTO; and Kevin Nash, Vice President of Finance and CFO.
All contents of this conference call are the property of Gentex Corporation and may not be copied, published, reproduced, rebroadcast, retransmitted, transcribed or otherwise redistributed. Gentex Corporation will hold responsible and liable any party for any damages incurred by Gentex Corporation with respect to any unauthorized use of the contents of this conference call.
This conference call contains forward-looking information within the meaning the Gentex safe harbor statement included in the Gentex reports second quarter 2024 financial results press release from earlier this morning and as always shown on the Gentex website. Your participation in this conference call implies consent to these terms.
I'll now hand the call over to Steve Downing for our prepared remarks. Steve?
Steve Downing
Thank you, Josh. For the second quarter of 2024, the company reported net sales of $572.9 million compared to net sales of $583.5 million in the second quarter of last year. For the second quarter of 2024, light vehicle production in North America, Europe and Japan and Korea declined by 3% compared to the second quarter of last year....
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Gentex Corporation (GNTX) Q2 2024 Earnings Call Transcript