earnings
confidence high
sentiment negative
materiality 0.75
Gentherm Q2 GAAP EPS $0.21 (adj $0.25); revenue down 2% YoY; guides FY $1.15B-$1.25B
Gentherm Inc
2022-Q2 EPS reported
$0.56
revenue$528,372,000
- GAAP EPS $0.21 vs $0.74; adjusted EPS $0.25 vs $0.85. Gross margin 22.8% (down from 29.8%).
- Product revenues $260.7M (-2.0% YoY; +3.1% ex-currency). Automotive revenue outperformed light vehicle production by ~600 bps.
- Secured $600M new automotive awards including $190M from Alfmeier; closed acquisitions of Alfmeier and Dacheng Medical.
- Updates FY 2022 guidance: product rev $1.15-1.25B, adj EBITDA margin 10-12%, capex $50-60M.
- Received second production award for ClimateSense microclimate platform from a global OEM.