morning, Thanks, changed since much July. good Not Glenn, our and in has everyone. first quarter remarks
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markets, be The dependent be now of however, line see with consumer. UAW and growth course, and, XXXX year, into extent we the car As fiscal of the especially on of of will to profitable. half our to to compared out the the state much we look and growth strike the very top the second profits, expect
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will coupled to we're the aggressive restructuring issues more help combat taken improve and We've the costs. the past recent And margins our actions with lower facing. actions, other economy and
launching. products growth based will the new We we've secured and in the year we the second the we've programs expect and new half the contracts have, be of on both launched
we and to we're further we we'll second competitive any next more markets the start course, half Of but of action, a deterioration remain XXXX expect to we business position. our in for take in If adjustments have the made more or necessary the and the economy, fiscal to in in year profitability drive mindful things worsen, so. hard-pressed believe
to the to discuss before turn over Mike. last item call I One
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approximately to its separate Collectively, Gentex Avalon has in transactions. of to or sell shares agreed million X XX% X.X holdings
of first prior share, shares on of to our Friday the per day representing X.XX the transaction. as to premium at completed price The X, October $XX transaction stock XX.X% million a was
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who our open our company that, and it serves And the CEO Downing, that Gentex President Steve this I'll to promise we to for sits great believe for now call as Board, review on holds one alliance is our and financials, Mike turn and also we'll of with over questions.
Michael? and shareholders. then
