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Gentherm Reports 2024 First Quarter Results [Yahoo! Finance]

Gentherm Inc (THRM) 
Last gentherm inc earnings: 2/19 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
NORTHVILLE, Mich., April 30, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced its financial results for the first quarter ending March 31, 2024. First Quarter Highlights Product revenues of $356.0 million decreased 2.1% from $363.6 million in the first quarter of 2023. Excluding the impact of foreign currency translation, product revenues decreased 1.3% year over year Automotive revenues decreased 2.3% year over year; excluding the impact of foreign currency translation, automotive revenues decreased 1.5% year over year GAAP diluted earnings per share was $0.47 as compared with $0.24 for the prior-year period Adjusted diluted earnings per share (see table herein) was $0.62. Adjusted diluted earnings per share in the prior-year period was $0.49 Secured automotive new business Show less Read more
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