Matt Horvath: Yes. So Justin, it’s a great question. We have a lot of visibility on the top line because like we’ve talked about in the past, a good portion of that is OEM programs that are obviously awarded and have visibility into production volumes. We’ve obviously seen macroeconomic conditions be volatile over the last 18 months. So, I wouldn’t say that we have perfect visibility there, but we have good visibility to that topline growth, including the launch of the North American MirrorEye program and the Smart 2 program, which are both incremental this year as we go into the second half. So top line, there is still some variability, obviously, in aftermarket or non-OE products, but top line, we’ve got pretty good visibility to the cadence of our expectations there.
That does drive incremental contribution, obviously, in-line with those historical averages as we go through the quarters of the year because the incremental labor cost will have already been considered in the beginning of the year. There is €“ we do expect and there is assumption of incremental price that obviously impacts €“ we believe retroactively once those price negotiations are complete. Again, similar to last year, but will impact the second half of the year as well on incremental volume. So, it does have a compounding effect as you increase price.
Justin Long: Got it. Thanks. And I guess last one for me is on the Board. There have been some changes recently. You’ve talked about this refreshment strategy. But can you share what the catalyst was to drive these changes? And why this is the right timing in the midst of a CEO transition as well?
Matt Horvath: Yes. So, Justin, I’ll take the first start, and then maybe Jim can chime in. I don’t want to speak for the Board, I’m not on the board, but you can see that there’s been a progression of Board transformation over the last several years that starts with the appointment of Frank Sklarsky, who is our Audit Committee Chairman and has continued now with the announcement of our most recent Board member, . So, I think you’ve seen the Board has been very clear with our expectation of continued transformation to align expertise with the business, and they’ve delivered on that over the last several years. And Jim, I don’t know if €“ being on the board, if you have any…
Jim Zizelman: I think it is a normal natural progression. The Board is very cognizant of its tenure. They’re also very cognizant of the skills necessary in a business that is changing dramatically. We’re going from an automotive parts company to a systems company, more technology-focused company and sometimes skills required to ensure that you’ve got good support of the management team from the Directors in the Board. Sometimes that needs some refreshment, and the Board is very cognizant of that and is willing to allow for those adjustments and positions to be made.
Justin Long: Okay. Understood. Thanks for the time.
Operator: Thank you. And one moment please for our next question. Our next question will come from Gary Prestopino of Barrington Research. Your line is open.
Gary Prestopino: Good morning, Matt, Jim, Kelly. A couple of questions. First of all, on the rate of revenue that you’re projecting for the MirrorEye business. Does that €“ given that level of volume that you’re doing, does that become adjusted EBITDA margin accretive to bottom line results in 2023 or does it flatline it or is it lower than what you’re looking at?
Matt Horvath: Gary, I would say, with a ramp-up in that program that percentage-wise is so substantial year-over-year, you will see accretive EBITDA performance from that level of growth. And we expect that level of growth to continue, obviously, as we are increasing the forecasted take rates on the second European launch substantially, almost double, and obviously, have a relatively lower take rate on the first North American program currently forecasted that we rightfully saw we’re optimistic around given what we’re seeing in other OEM products or our first OEM program and the MirrorEye retrofit momentum in North America. So, it will have an accretive impact this year, and I expect that, that will continue and accelerate because of the substantial growth opportunity in not only this program, but this platform, this vision and safety platform going forward.
