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Sep 30, 2020
Gentherm Q3 2020 Earnings Report
Achieved record quarterly automotive revenue and highest quarterly gross margin and gross margin rate in three years, with strong net income growth and record adjusted EBITDA.
Key Takeaways
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.
Product revenues increased by 8.1% to $259.5 million compared to Q3 2019.
GAAP diluted earnings per share was $0.73, up from $0.48 in the prior-year period.
Adjusted earnings per share was $0.91, compared to $0.68 in the prior-year period.
Secured automotive new business awards totaling $80 million.
Revenue by Segment
Forward Guidance
The Company expects product revenues in the fourth quarter of 2020 to be in the range of $240 to $260 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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