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Sep 30, 2022
Gentherm Q3 2022 Earnings Report
Reported record quarterly revenue, including record organic quarterly revenue and secured the first combined award for thermal and pneumatic comfort.
Key Takeaways
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.
Product revenues increased 36.8% to $333.0 million, the highest quarterly revenue in company history.
Organic quarterly revenue was $290.4 million, excluding revenues from acquired businesses.
GAAP diluted earnings per share was $0.29, compared to $0.47 in the prior-year period.
Adjusted earnings per share was $0.70, compared to $0.51 in the prior-year period.
Revenue by Segment
Forward Guidance
The Company maintains its total company full-year 2022 guidance but updates acquisition assumptions that were initially provided in its second quarter 2022 earnings release on August 2, 2022:
Positive Outlook
- Product revenues between $1.15 billion and $1.25 billion, based on the current forecast of customer orders, supply chain constraints, estimated recovery of industry-wide semiconductor supply, light vehicle production in the Company’s key markets growing at a low single-digit rate in 2022 versus 2021 and current foreign exchange rates
- Adjusted EBITDA margin between 10% and 12% of product revenues
- Assumes approximately $100 million of product revenues and low single-digit EBITDA margin rate from the acquisitions
- Full-year effective tax rate between 29% and 31%
- Capital expenditures between $50 million and $60 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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