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Dec 31, 2024
Gentherm Q4 2024 Earnings Report
Gentherm's Q4 2024 results were announced, showcasing a decrease in product revenues and adjusted EPS, offset by growth in medical revenue.
Key Takeaways
Gentherm reported a decrease in product revenues by 3.8% and a significant drop in adjusted EPS from $0.90 to $0.29. However, the company secured $640 million in new automotive business awards and experienced growth in medical revenue by 8.4%.
Product revenues decreased by 3.8% compared to the fourth quarter of 2023.
Automotive revenues saw a decrease of 4.3% year over year.
GAAP diluted earnings per share was $0.49, down from $0.56 in the prior-year period.
Adjusted diluted earnings per share significantly decreased to $0.29 from $0.90 in the prior-year period.
Revenue by Segment
Forward Guidance
Gentherm provided its full year 2025 guidance, anticipating product revenues between $1.4 billion and $1.5 billion and adjusted EBITDA between 12% and 13% of product revenues.
Positive Outlook
- Product revenues between $1.4 billion and $1.5 billion
- Adjusted EBITDA between 12% and 13% of product revenues
- Full year effective tax rate between 26% and 29%
- Capital expenditures between $70 million and $80 million
- Based on the current forecast of customer orders
Challenges Ahead
- Light vehicle production in our key markets decreasing at low single digit rate for full year 2025 versus 2024
- EUR to USD exchange rate of $1.03/Euro
- Guidance assumptions do not include any impact of potential changes to tariffs.
- Macroeconomic, geopolitical and similar global factors in the cyclical Automotive industry
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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