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.
Product revenues decreased 0.6% to $353.9 million, but increased 0.9% excluding foreign currency translation.
Secured $400 million in automotive new business awards, including key conquest wins.
Adjusted EBITDA was $39.3 million, or 11.1% of revenue, a decrease from $43.5 million (12.2% of revenue) in the prior year.
Maintained net leverage at approximately 0.5x and liquidity at approximately $400 million, both flat year over year.
Gentherm's full-year 2025 guidance remains unchanged for revenue, with an expanded range for Adjusted EBITDA margin, reflecting current market conditions and expected impacts.
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