Gentherm shares launched higher on Q4 results, 2024 guidance [Seeking Alpha]
Gentherm Inc (THRM)
Last gentherm inc earnings: 2/19 06:00 am
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Company Research
Source: Seeking Alpha
Shares were as much as 25% higher at the open to a 7-month high of $61.71. Michigan-based Gentherm ( THRM ), which makes heating management components for vehicles and thermal management systems for the medical field, earned a profit of $0.90 per share on $366.9M in revenue. This compares to a profit of $0.47 per share on $343.3M in revenue in the same quarter last year and beat the consensus estimates by 38 cents and $8.6M, respectively. On an unadjusted basis, the company earned a profit of $0.56 compared to a loss of $0.13 in Q4 2022. And although the UAW strike cost the company $9.3M in the quarter, adjusted revenue of $351.2M was still 10% higher than the same quarter last year. Adjusted EBITDA was up 20% to $49.0M, raising the adjusted EBITDA margin by 150 basis points to 13.4%. Lower freight costs, fixed cost leverage, increased productivity, and supplier cost reductions drove the company's gross margin to 26.2% from 20.3%. For 2023, Gentherm reported record revenu
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News
- Gentherm Incorporated Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- Gentherm Incorporated (NASDAQ:THRM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Gentherm Incorporated (NASDAQ: THRM) had its price target lowered by analysts at Robert W. Baird from $67.00 to $65.00. They now have a "neutral" rating on the stock.MarketBeat
- Gentherm Wins 2024 Automotive News PACE Innovation Partnership AwardGlobeNewswire
- Gentherm Reports 2024 First Quarter Results [Yahoo! Finance]Yahoo! Finance
THRM
Earnings
- 4/30/24 - Beat
THRM
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/8/24 - Form 4
- THRM's page on the SEC website