Gentex Corporation (NASDAQ:GNTX) Q3 2023 Earnings Conference Call October 27, 2023 10:30 AM ET

Company Participants

Josh O'Berski - Director of Investor Relations

Steve Downing - President and CEO

Neil Boehm - CTO

Kevin Nash - Vice President Finance and CFO

Conference Call Participants

Luke Junk - Baird

John Murphy - Bank of America

Josh Nichols - B. Riley

Mark Delaney - Goldman Sachs

James Picariello - BNP Paribas

Ryan Brinkman - JP Morgan

Ron Jewsikow - Guggenheim Partners

Operator

Good day, and thank you for standing by. Welcome to the Gentex Reports Third Quarter 2023 Financial Results. [Operator Instructions].

I would now like to hand the conference over to your speaker today, Josh O'Berski, Director of Investor Relations.

Josh O'Berski

Thank you. Good morning and welcome to the Gentex Corporation Third Quarter 2023 Earnings Release Conference Call. I am Josh O'Berski, Gentex, Director of Investor Relations, and I am joined by Steve Downing, President and CEO, Neil Boehm, CTO, and Kevin Nash, Vice President, Finance and CFO.

This call is live on the internet and can be reached by going to the Gentex website ir.gentex.com. 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 of the Gentex Safe Harbor statement included in the Gentex Reports third quarter 2023 financial results press release from earlier this morning and is always shown on the Gentex website. Your participation in this conference call implies consent to these terms. Now I will turn the call over to Steve Downing, who will get us started today. Steve?

Steve Downing

Thanks, Josh. Before we jump into the quarterly summary, I wanted to take a few minutes to discuss the war in Israel. As you may be aware, Gentex made an acquisition in early 2021 of Guardian Optical Technologies based in Tel Aviv and since that time we have been growing our technology presence in Tel Aviv which is primarily focused on using AI to create innovative products focused on driver and in cabin monitoring. We have also recently partnered with a company named ADASKY, which is also headquartered in Israel. We remain in close contact with our team and partners in Israel and are thankful to report everyone on those teams, along with their immediate families, are safe as of our latest report. It is important to know, however, that while our team is safe, several of our team members and partners have already experienced loss of friends and extended family members. As a Gentex team, we continue to keep our employees and partners in our thoughts and prayers and are constantly looking for ways to show our support for their safety and the safety of their families and friends.