Gentex Corporation (NASDAQ:GNTX) Q4 2022 Earnings Call Transcript

Ronald Jewsikow: Okay. And then last question for me is, you referenced earlier on the call, but late quarter orders slipping into the first quarter, it does look like foreign exterior and both domestic interior exterior where maybe a bit weaker than we would have expected. And if so, can you quantify like the magnitude of what may have been destock or shipping into the first quarter?

Kevin Nash: Overall, our total forecast was about $20 million to $25 million below our beginning of the quarter forecast. Probably somewhere 30%, 40% of it may have been destocking. It’s hard to tell exactly what’s going on. I mean, especially with our foreign side, there’s a little bit of lead time on shipments. So it’s just a little bit of shortage on the outside mirror side.

Ronald Jewsikow: Okay.That’s all for me. Thanks guys.

Steve Downing: Thanks, Ron.

Operator: Thank you. And I do not see any further questions in the queue. I would now like to turn the conference back to Mr. Josh O’Berski for closing remarks.

Josh O’Berski: Thank you, everyone, for your time and questions today. This concludes our conference call.

Operator: This does conclude today’s conference call. Thank you all for participating. You may now disconnect. Have a pleasant day, and enjoy your weekend.