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Dec 31, 2020
Gentherm Q4 2020 Earnings Report
Reported record quarterly revenue, gross margin, operating income, and adjusted EBITDA.
Key Takeaways
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.
Product revenues increased by 25.4% to $288.9 million compared to the prior year period.
GAAP diluted earnings per share was $1.02, up from $0.66 in the prior-year period.
Adjusted diluted earnings per share was $1.16, compared to $0.99 in the prior-year period.
Secured new automotive business awards totaling approximately $440 million.
Revenue by Segment
Forward Guidance
The Company is providing the following guidance for full-year 2021
Positive Outlook
- Product revenues between $1.05 billion and $1.13 billion, assuming current foreign exchange rates and light vehicle production in the Company’s key markets growing at a low-teens rate in 2021 versus 2020
- Product revenues between $1.05 billion and $1.13 billion, assuming current foreign exchange rates and light vehicle production in the Company’s key markets growing at a low-teens rate in 2021 versus 2020
- Adjusted EBITDA between 17% and 19% of product revenues
- Adjusted EBITDA between 17% and 19% of product revenues
- Full-year effective tax rate between 22% and 24%
Challenges Ahead
- Full-year effective tax rate between 22% and 24%
- Capital expenditures between $50 million and $60 million
- 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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