Gentherm posts record Q1 revenue $363.6M (+35.9% YoY); adjusted EPS $0.49 beats prior year

Gentherm Inc

2023-Q1 EPS reported $0.24 revenue$363,625,000

GAAP diluted EPS $0.24 vs $0.35 YoY; adjusted diluted EPS $0.49 vs $0.41.
Automotive revenue up 36.8% YoY; organic auto revenue up 14.4% excluding currency and Alfmeier.
Secured $480M in new automotive awards, including breakthrough JLR and GM EV wins.
Reaffirmed FY2023 guidance: revenue $1.45B-$1.55B, adjusted EBITDA 11.5%-13.5% of product rev.
Repurchased $10M of common stock during the quarter.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Gentherm Inc reported first quarter ending March 31, 2023 results: revenue $363.6 million, EPS $0.24. Guidance reaffirmed.

Period: first quarter ending March 31, 2023
Revenue: $363.6 million
EPS: $0.24
Guidance: reaffirmed
Result: reported results

Exact text from the filing

medical patient temperature management systems, today announced its financial results for the first quarter ending March 31, 2023. First Quarter Highlights • Product revenues of $363.6 million increased 35.9% from $267.7 million in the first quarter of 2022. Excluding the impact of foreign currency translation, product revenues increased 38.9% year over year •

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Source: SEC EDGAR

accession 0000950170-23-015002

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