Gentherm Q2 revenue $372.3M (+42.8% YoY); adjusted EPS $0.58 vs $0.25; record awards $670M

Gentherm Inc

2023-Q2 EPS reported $0.19 revenue$735,948,000

Record quarterly product revenue of $372.3M, up 42.8% YoY (43.4% constant currency); automotive revenue +45.1%.
GAAP diluted EPS $(0.05) vs $0.21 in prior-year period; adjusted diluted EPS $0.58 vs $0.25.
Secured $670M in new automotive awards, a quarterly record; organic automotive revenue (ex-Alfmeier/FX) +19.6%.
Repurchased $10.0M of common stock; full-year 2023 guidance reaffirmed.

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