VOXX International Corporation (NASDAQ:VOXX) Q2 2024 Earnings Call Transcript

Pat Lavelle: Well, when we look at that, some of the plants that we receive product from have not closed or have not been shut down at this particular point, but we did see a slowdown in ordering. If the UAW strike continues longer, we will see a lagging effect on inventories on the dealer’s lots, which will impact our aftermarket automotive sales. And certainly closure of any plants that we pull merchandise or vehicles from will have an immediate effect on the automotive business. However, we have gains with our heavy-duty truck manufacturers, fleets, and other OEMs outside of the big three automakers that are part of the UAW strike. So, it’s a little bit of a mixed bag. We are seeing increases in the other sectors of our OEM automotive business, but it could be offset by some slowness due to closures.

Tom Forte: Thanks for taking my questions, Pat. Appreciate it.

Pat Lavelle: Very good, Tom. Thank you.

Operator: Thank you. [Operator Instructions] I’m currently showing no further questions. I’d like to hand the conference back over to Mr. Pat Lavelle for closing remarks.

Pat Lavelle: Okay. Thank you. As we look into the third quarter, as I said to Tom, it’s been our — historically, our third quarter. We have a number of different programs that we do have scheduled for the quarter. So, we’re looking at growing our business sequentially and, hopefully, the cuts that we put in place are significant enough for us to turn profitable for the balance of the year. I want to thank you for taking the time and coming on the call this morning, and I wish you all a good day.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect. Everyone, have a wonderful day.