secwatch.observer — SEC 8-K summary
======================================

Issuer:     Gentherm Inc (THRM)
CIK:        0000903129
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0000950170-22-013727
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentherm Q2 GAAP EPS $0.21 (adj $0.25); revenue down 2% YoY; guides FY $1.15B-$1.25B
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903129/000095017022013727/0000950170-22-013727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903129/000095017022013727/thrm-20220802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013727

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer