secwatch.observer — SEC 8-K summary
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Issuer:     Gentherm Inc (THRM)
CIK:        0000903129
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0000950170-25-098130
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentherm Q2 revenue $375M flat YoY, net income drops to $0.5M; narrows 2025 guidance
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- Product revenue $375.1M (-0.2% YoY); net income $0.5M vs $18.9M prior year, hit by $18.9M unrealized FX losses.
- Adjusted EBITDA $45.9M (12.2% of revenue); GAAP diluted EPS $0.02, adjusted diluted EPS $0.54.
- Secured $620M in automotive new business awards in Q2, $1B YTD; includes Ford F-Series and Puls.A massage awards.
- Gross margin fell 180 bps to 23.9% on higher material costs, unfavorable mix, and footprint realignment costs.
- FY 2025 guidance narrowed: revenue $1.43B-$1.5B, adj. EBITDA margin 11.7%-12.5%, capex cut to $55M-$65M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903129/000095017025098130/0000950170-25-098130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903129/000095017025098130/thrm-20250724.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-098130

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