Gentherm Q3 product revenue $366.2M (+10% YoY); adjusted EPS $0.64 vs $0.70; record $520M in awards

Gentherm Inc

2023-Q3 EPS reported $0.67 revenue$1,102,143,000

Product revenues of $366.2M, up 10% YoY; auto revenues +10%, organic +3.1% ex-forex and Alfmeier.
GAAP diluted EPS $0.48 vs $0.29 prior year; adjusted diluted EPS $0.64 vs $0.70.
Secured $520M in new automotive business awards, a third-quarter record.
Repurchased $11.1M of common stock during the quarter.
Company updated full-year 2023 guidance (details in press release).

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 0.95

Gentherm Inc reported third quarter ending September 30, 2023 results: revenue $366.2 million, EPS $0.48. Guidance reaffirmed.

Period: third quarter ending September 30, 2023
Revenue: $366.2 million
EPS: $0.48
Guidance: reaffirmed
Result: reported results

Exact text from the filing

patient temperature management systems, today announced its financial results for the third quarter ending September 30, 2023. Third Quarter Highlights • Product revenues of $366.2 million increased 10.0% from $333.0 million in the third quarter of 2022. Excluding the impact of foreign currency translation, product revenues increased 8.5% year over year •

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Source: SEC EDGAR

accession 0000950170-23-055356

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