secwatch.observer — SEC 8-K summary
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Issuer:     Gentherm Inc (THRM)
CIK:        0000903129
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000950170-23-015002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903129/000095017023015002/0000950170-23-015002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903129/000095017023015002/thrm-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-015002

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