---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-017554"
form_type: "8-K"
ticker: "THRM"
cik: "0000903129"
company_name: "Gentherm Inc"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:34:11.124964+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-017554
- form_type: 8-K
- ticker: THRM
- cik: 0000903129
- company_name: Gentherm Inc
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903129/000095017024017554/0000950170-24-017554-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903129/000095017024017554/thrm-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-017554
- JSON: https://secwatch.observer/filing/0000950170-24-017554.json
- Plain text: https://secwatch.observer/filing/0000950170-24-017554.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/903129/000095017024017554/0000950170-24-017554-index.htm
- Earnings Releases
  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
  source text: Full Year 2023 Highlights • Product revenues of $1,469.1 million increased 21.9% from $1,204.7 million in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903129/000095017024017554/0000950170-24-017554-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.