Gentherm Q2 2023 Earnings Report

Gentherm EPS Results

• Actual EPS: $0.58
• Consensus EPS: $0.54
• Beat/Miss: Beat by +$0.04
• One Year Ago EPS: $0.25

Gentherm Revenue Results

• Actual Revenue: $372.30 million
• Expected Revenue: $368.93 million
• Beat/Miss: Beat by +$3.37 million
• YoY Revenue Growth: +42.80%

Gentherm Announcement Details

• Quarter: Q2 2023
• Date: 8/1/2023
• Time: Before Market Opens

Gentherm (NASDAQ:THRM) designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins. It also provides battery performance solutions comprising cell connecting devices and battery cable technologies used for various types of automotive batteries; thermal management products for heating and cooling; and automotive electronic and software systems, including electronic control units for climate comfort systems, as well as for memory seat modules and other devices. In addition, it offers lumbar and massage comfort solutions, such as lumbar support, side bolster adjustment, multi-contour seats, and massage systems; automotive cable systems, including ready-made individual cables, and ready-to-install cable networks; and valve systems products consisting of applications that offer solutions in fuel management, and other valves for brake and engine systems. This segment serves light vehicle original equipment manufacturers and tier 1s, such as automotive seat manufacturers, and aftermarket seat distributors and installers. The Medical segment offers patient temperature management systems. The company was formerly known as Amerigon Incorporated and changed its name to Gentherm Incorporated in September 2012. Gentherm Incorporated was incorporated in 1991 and is headquartered in Northville, Michigan.