secwatch.observer — SEC 8-K summary
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Issuer:     Gentherm Inc (THRM)
CIK:        0000903129
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-118567
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentherm Q3 adj. EPS $0.75 vs $0.64; record $600M awards; updates FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903129/000095017024118567/0000950170-24-118567-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903129/000095017024118567/thrm-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118567

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