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Dec 31, 2022
Gentherm Q4 2022 Earnings Report
Gentherm's Q4 2022 earnings were reported, showing increased product revenues and new automotive business awards, but a GAAP diluted loss per share.
Key Takeaways
Gentherm reported a 38.3% increase in product revenues to $343.3 million for Q4 2022. However, the company experienced a GAAP diluted loss per share of $(0.13), while adjusted diluted earnings per share was $0.47. The company secured approximately $560 million in new automotive business awards.
Product revenues increased by 38.3% to $343.3 million compared to Q4 2021.
Automotive revenues increased by 40.0% year over year.
GAAP diluted loss per share was $(0.13) compared to earnings per share of $0.60 in the prior-year period.
Adjusted diluted earnings per share was $0.47, compared to $0.61 in the prior-year period.
Revenue by Segment
Forward Guidance
The Company is providing the following guidance for full-year 2023:
Positive Outlook
- Product revenues between $1.45 billion and $1.55 billion, based on the current forecast of customer orders, inflation and pricing recovery
- light vehicle production in the Company’s key markets growing at a low single-digit rate in 2023 versus 2022 and a EUR to USD exchange rate of $1.05/Euro
- Adjusted EBITDA between 11.5% and 13.5% of product revenues, excluding the impact of non-cash stock-based compensation
- Full-year 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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