Gentherm delivered first quarter 2025 product revenues of $353.9 million, a slight decrease of 0.6% year-over-year, but an increase of 0.9% excluding foreign currency translation. The company secured $400 million in automotive new business awards and maintained its full-year revenue guidance.
Gentherm reported a decrease in product revenues by 3.8% and a significant drop in adjusted EPS from $0.90 to $0.29. However, the company secured $640 million in new automotive business awards and experienced growth in medical revenue by 8.4%.
Gentherm reported a 1.5% increase in product revenues to $371.5 million, with automotive revenues growing by 1.1%. GAAP diluted earnings per share was $0.51, and adjusted diluted earnings per share was $0.75. The company secured a record $600 million in automotive new business awards for the quarter.
Gentherm reported a strong second quarter with record quarterly revenue of $376 million and the highest quarterly operating income in three years. The company secured $660 million in automotive new business awards and saw a 190 basis point year-over-year expansion in Adjusted EBITDA margin rate.
Gentherm reported a decrease in product revenues by 2.1% compared to the prior year, but saw an increase in GAAP diluted earnings per share from $0.24 to $0.47. The company secured $530 million in automotive new business awards and experienced improvements in gross margin rate due to Fit-for-Growth 2.0 initiatives.
Gentherm reported a 6.9% increase in product revenues and a 6.6% increase in automotive revenues for Q4 2023. GAAP diluted earnings per share was $0.56, and adjusted diluted earnings per share was $0.90. The company also secured approximately $900 million in new automotive business awards.
Gentherm reported a 10.0% increase in product revenues to $366.2 million compared to the third quarter of 2022. GAAP diluted earnings per share was $0.48, while adjusted diluted earnings per share was $0.64. The company secured $520 million in new automotive business awards.
Gentherm reported a strong second quarter with record product revenues of $372.3 million, a 42.8% increase year-over-year. The company also secured a record $670 million in new automotive business awards and reaffirmed its 2023 guidance.
Gentherm reported record product revenues of $363.6 million, a 35.9% increase compared to the first quarter of 2022. The company secured $480 million in new automotive business awards and reaffirms its 2023 guidance.
Gentherm reported a 38.3% increase in product revenues to $343.3 million for Q4 2022. However, the company experienced a GAAP diluted loss per share of $(0.13), while adjusted diluted earnings per share was $0.47. The company secured approximately $560 million in new automotive business awards.
Gentherm reported record quarterly revenue of $333.0 million, a 36.8% increase from the prior-year period. Adjusted earnings per share was $0.70, compared to $0.51 in the prior-year period. The company secured automotive new business awards totaling $430 million and announced the first combined award for thermal and pneumatic comfort.
Gentherm's Q2 2022 product revenues decreased by 2.0% year-over-year to $260.7 million. Despite the challenging environment, the company secured $600 million in new automotive business and acquired Jiangmen Dacheng Medical Equipment Co. Ltd. The company updates its full-year 2022 guidance to include the completed acquisitions.
Gentherm reported a decrease in product revenues by 7.2% to $267.7 million, impacted by supply chain headwinds and lower light vehicle production. GAAP diluted EPS decreased to $0.35, and adjusted diluted EPS was $0.41. The company secured new automotive business awards totaling $170 million and maintains its full-year 2022 guidance.
Gentherm's Q4 2021 product revenues decreased by 14.1% compared to the prior-year period, with automotive revenues down 15.1%. Despite these challenges, the company secured approximately $540 million in new automotive business awards and repurchased $20 million of its stock. Medical revenue increased 16.7% year over year, primarily as a result of higher Blanketrol® sales globally.
Gentherm reported a decrease in product revenues by 6.2% to $243.4 million compared to the prior-year period. GAAP diluted earnings per share was $0.47, and adjusted earnings per share was $0.51. Despite challenges, the company secured $260 million in new automotive awards and saw an increase in cash flow from operations.
Gentherm reported a significant increase in product revenues for the second quarter of 2021, driven by strong automotive revenue growth. The company secured $400 million in new automotive awards and updated its full-year 2021 guidance. Despite supply chain challenges, Gentherm achieved its highest level of quarterly cash flow from operations since 2018.
Gentherm reported a strong first quarter in 2021, with product revenues increasing by 26.2% compared to the prior-year period. Automotive revenues saw a significant increase of 29.1% year over year. The company secured $400 million in new automotive awards and maintains its 2021 guidance.
Gentherm reported a record-breaking fourth quarter, achieving the highest quarterly revenue and profitability in the company's 30-year history, driven by strong performance in the automotive sector.
Gentherm reported strong Q3 2020 results, with product revenues increasing by 8.1% year-over-year to $259.5 million. The company achieved record quarterly automotive revenue, the highest gross margin in three years, and a significant increase in net income and adjusted EBITDA. GAAP diluted earnings per share was $0.73, and adjusted earnings per share was $0.91.
Gentherm reported a decrease in product revenues by 44.1% compared to the prior-year period due to the COVID-19 pandemic, but reduced operating expenses by 30% and saw double-digit revenue growth in its Medical segment. The company secured $300 million in new automotive business awards and generated a 24% increase in cash flow from operations in the first half of 2020.
Gentherm reported a decrease in product revenues by 11.4% compared to the prior-year period, with an estimated $27 million negative impact from the COVID-19 pandemic. Despite these challenges, the company achieved record quarterly revenue in its Medical business and a significant increase in cash flow. They secured $120 million in new automotive business awards and saw GAAP diluted earnings per share increase to $0.36 from $0.25 in the prior year.
Gentherm reported a decrease in product revenues for the fourth quarter of 2019 compared to the prior-year period, but the gross margin rate increased. The company secured record quarterly automotive new business awards. The company's 'Fit-for-Growth' program is expected to deliver annualized savings.