Gentherm Q3 revenue record $333M; adj EPS $0.70 beats prior year $0.51

Gentherm Inc

2022-Q3 EPS reported $0.86 revenue$861,334,000

Product revenue $333.0M (+36.8% YoY); organic revenue $290.4M (+27.0% ex-FX and acquisitions).
GAAP EPS $0.29 (down from $0.47); adjusted EPS $0.70 (up from $0.51).
Won first combined thermal and pneumatic comfort award for large global EV manufacturer.
Automotive new business awards $430M; maintains FY 2022 guidance with revenue $1.15-1.25B.
Acquired Alfmeier contributed $41.3M revenue; integration progressing.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Gentherm Inc reported third quarter ended September 30, 2022 results: revenue $333.0 million, EPS $0.29. Guidance reaffirmed.

Period: third quarter ended September 30, 2022
Revenue: $333.0 million
EPS: $0.29
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Product revenues of $333.0 million increased 36.8% from $243.4 million in the 2021 third quarter, resulting in the highest quarterly revenue in company history, as well as the highest quarterly organic revenue of $290.4 million excluding revenues from the acquired businesses o Excluding the impact of foreign currency translation, product revenues increased 44.4% year over year o Excluding the impact of foreign currency translation and acquisitions, product revenues increased 27.0% year over year • GAAP diluted earnings per share was $0.29 as compared to $0.47 in the prior-year period

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Source: SEC EDGAR

accession 0000950170-22-020947

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