earnings
confidence medium
sentiment positive
materiality 0.75
Gentherm Q3 adj. EPS $0.75 vs $0.64; record $600M awards; updates FY guidance
Gentherm Inc
2024-Q3 EPS reported
$1.57
revenue$1,103,210,000
- Product revenues $371.5M (+1.5% YoY); automotive revenues outperformed light vehicle production by ~800 bps.
- GAAP diluted EPS $0.51; adjusted diluted EPS $0.75, up from $0.64 in prior-year period.
- Secured Q3 record $600M in automotive new business awards; on track for >$2B annual awards for second consecutive year.
- Gross margin expanded to 25.5% (from 23.5%); Adjusted EBITDA of $48.1M vs $47.7M YoY.
- Returned >$100M to shareholders via buybacks in last twelve months; guidance updated for 2024.