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Jun 30, 2023
Gentherm Q2 2023 Earnings Report
Achieved record quarterly revenue and secured record automotive awards.
Key Takeaways
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.
Product revenues increased by 42.8% to $372.3 million compared to the prior year.
Automotive revenues increased by 45.1% year over year.
GAAP diluted loss per share was $(0.05) as compared with $0.21 for the prior-year period.
Adjusted diluted earnings per share was $0.58, compared to $0.25 in the prior-year period.
Revenue by Segment
Forward Guidance
The company reaffirms its full-year 2023 guidance that was initially provided in its year-end 2022 earnings release on February 22, 2023.
Positive Outlook
- Product revenues between $1.45 billion and $1.55 billion
- Adjusted EBITDA between 11.5% and 13.5% of product revenues
- Full-year adjusted effective tax rate between 28% and 32%
- Capital expenditures between $60 million and $70 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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