Gentherm reports record annual revenue of $1.5B; Q4 adj EPS $0.90, FY adj EPS $2.59

Gentherm Inc

2023-FY EPS reported $1.22 revenue$1,469,076,000

Record product revenues of $1,469.1M in 2023 (+21.9% YoY); Automotive revenues up 22.5%.
Secured unprecedented $2.6B in new automotive business awards in 2023; Q4 awards ~$900M.
Q4 2023 GAAP EPS $0.56 vs $(0.13) prior year; adjusted EPS $0.90 vs $0.47 prior year.
2024 guidance: product revenues $1.5B-$1.6B; Adjusted EBITDA margin 12.5%-13.5%.
Updated 2026 outlook: revenues $1.9B-$2.0B, adj EBITDA margin ~16%, after pausing Battery Performance Solutions.

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 fourth quarter ended December 31, 2023 results: revenue Product revenues of $366.9 million, EPS GAAP diluted earnings per share was $0.56.

Period: fourth quarter ended December 31, 2023
Revenue: Product revenues of $366.9 million
EPS: GAAP diluted earnings per share was $0.56
Result: reported results

Exact text from the filing

management systems, today announced its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights • Product revenues of $366.9 million increased 6.9% from $343.3 million in the 2022 fourth quarter. Excluding the impact of foreign currency translation, product revenues increased 5.2% year over year • Automotive

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Gentherm Inc reported full year ended December 31, 2023 results: revenue Product revenues of $1,469.1 million, EPS GAAP diluted earnings per share was $1.22.

Period: full year ended December 31, 2023
Revenue: Product revenues of $1,469.1 million
EPS: GAAP diluted earnings per share was $1.22
Result: reported results

Exact text from the filing

Full Year 2023 Highlights • Product revenues of $1,469.1 million increased 21.9% from $1,204.7 million in 2022.

View on SEC.gov

Browse all earnings releases →

Gentherm Inc filing history →

Source: SEC EDGAR

accession 0000950170-24-017554

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.