---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-050187"
form_type: "8-K"
ticker: "THRM"
cik: "0000903129"
company_name: "Gentherm Inc"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:14:45.330638+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gentherm Q1 net income up 86% YoY; secures $530M in new awards; reaffirms 2024 guidance

## Summary
- Product revenues of $356M down 2.1% YoY; automotive rev down 2.3% but outperformed production by 300bps.
- GAAP diluted EPS $0.47 vs $0.24; adjusted EPS $0.62 vs $0.49.
- Secured $530M in automotive new business awards, a Q1 record; won GM conquest award for next-gen truck platform.
- Gross margin rate improved to 24.9% from 22.3% driven by Fit-for-Growth 2.0 initiatives.
- Adjusted EBITDA $43.5M (+4.9% YoY); reaffirms full-year 2024 guidance.

## SEC filing metadata
- accession: 0000950170-24-050187
- form_type: 8-K
- ticker: THRM
- cik: 0000903129
- company_name: Gentherm Inc
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903129/000095017024050187/0000950170-24-050187-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903129/000095017024050187/thrm-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-050187
- JSON: https://secwatch.observer/filing/0000950170-24-050187.json
- Plain text: https://secwatch.observer/filing/0000950170-24-050187.txt

## Key facts
- Earnings Releases
  Gentherm Inc reported first quarter ending March 31, 2024 results: revenue $356.0 million, EPS $0.47. Guidance reaffirmed.
  - Period: first quarter ending March 31, 2024
  - Revenue: $356.0 million
  - EPS: $0.47
  - Guidance: reaffirmed
  - Result: reported results
  source text: medical patient temperature management systems, today announced its financial results for the first quarter ending March 31, 2024. First Quarter Highlights • Product revenues of $356.0 million decreased 2.1% from $363.6 million in the first quarter of 2023. Excluding the impact of foreign currency translation, product revenues decreased 1.3% year over year • Automotive
  evidence_url: https://www.sec.gov/Archives/edgar/data/903129/000095017024050187/0000950170-24-050187-index.htm

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