secwatch.observer — SEC 8-K summary
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Issuer:     Gentherm Inc (THRM)
CIK:        0000903129
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000950170-24-017554
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903129/000095017024017554/0000950170-24-017554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903129/000095017024017554/thrm-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-017554

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