Gentherm Earnings Calls

Q4 2024 (Upcoming)
Release date Feb 19, 2025
EPS estimate $0.670
EPS actual -
Revenue estimate 360.286M
Revenue actual -
Expected change +/- 8.68%
Q3 2024 Beat
$0.750 (13.64%)
Release date Oct 30, 2024
EPS estimate $0.660
EPS actual $0.750
EPS Surprise 13.64%
Revenue estimate 358.54M
Revenue actual 371.512M
Revenue Surprise 3.62%
Q2 2024 Beat
$0.660 (8.20%)
Release date Jul 31, 2024
EPS estimate $0.610
EPS actual $0.660
EPS Surprise 8.20%
Revenue estimate 374.15M
Revenue actual 375.683M
Revenue Surprise 0.410%
Q1 2024 Beat
$0.620 (44.19%)
Release date Apr 30, 2024
EPS estimate $0.430
EPS actual $0.620
EPS Surprise 44.19%
Revenue estimate 374.15M
Revenue actual 356.015M
Revenue Surprise -4.85%

Last 4 Quarters for Gentherm

Below you can see how THRM performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date Apr 30, 2024
Fiscal end date Mar 31, 2024
Price on release $50.57
EPS estimate $0.430
EPS actual $0.620
EPS surprise 44.19%
Date Price
Apr 24, 2024 $50.74
Apr 25, 2024 $50.01
Apr 26, 2024 $50.59
Apr 29, 2024 $50.38
Apr 30, 2024 $50.57
May 01, 2024 $51.92
May 02, 2024 $51.49
May 03, 2024 $51.23
May 06, 2024 $51.05
4 days before -0.335%
4 days after 0.95%
On release day 2.67%
Change in period 0.611%
Q2 2024 Beat
Release date Jul 31, 2024
Fiscal end date Jun 30, 2024
Price on release $55.18
EPS estimate $0.610
EPS actual $0.660
EPS surprise 8.20%
Date Price
Jul 25, 2024 $49.50
Jul 26, 2024 $51.06
Jul 29, 2024 $50.40
Jul 30, 2024 $50.31
Jul 31, 2024 $55.18
Aug 01, 2024 $54.10
Aug 02, 2024 $51.83
Aug 05, 2024 $49.79
Aug 06, 2024 $50.17
4 days before 11.47%
4 days after -9.08%
On release day -1.96%
Change in period 1.35%
Q3 2024 Beat
Release date Oct 30, 2024
Fiscal end date Sep 30, 2024
Price on release $42.20
EPS estimate $0.660
EPS actual $0.750
EPS surprise 13.64%
Date Price
Oct 24, 2024 $40.60
Oct 25, 2024 $40.38
Oct 28, 2024 $41.70
Oct 29, 2024 $41.52
Oct 30, 2024 $42.20
Oct 31, 2024 $41.95
Nov 01, 2024 $43.27
Nov 04, 2024 $43.92
Nov 05, 2024 $44.38
4 days before 3.94%
4 days after 5.17%
On release day -0.592%
Change in period 9.31%
Q4 2024 (Upcoming)
Release date Feb 19, 2025
Fiscal end date Dec 30, 2024
Price on release -
EPS estimate $0.670
EPS actual -
Date Price
Feb 06, 2025 $37.20
Feb 07, 2025 $36.73
Feb 10, 2025 $36.13
Feb 11, 2025 $36.24
Feb 12, 2025 $35.56

Gentherm Earnings Call Transcript Summary of Q3 2024

  • Financial Highlights:
    • Revenue Growth: Gentherm reported a 1.5% increase in product revenues year-over-year. The automotive climate and comfort solutions segment grew by 3.3% after adjusting for foreign currency.
    • Adjusted EBITDA: The company achieved adjusted EBITDA of $48.1 million, with a slight decrease in EBITDA margin, reported at 12.9%.
    • Share Repurchases: Since the beginning of 2023, Gentherm has repurchased over $130 million of its shares, reflecting management's confidence in the business's value.
  • Strategic Priorities:
    • Automotive Business Awards: Gentherm secured $600 million in new automotive business awards in Q3, reaching a total of $1.8 billion year-to-date, with a win rate exceeding 80%. There are strong prospects to exceed $2 billion in awards for the second consecutive year.
    • Fit for Growth Initiatives: Continue to drive improved financial performance, with nearly 100 basis points of EBITDA margin expansion despite lower production volumes.
    • Innovative Solutions: The launch of the proprietary ClimateSense software and the ComfortScale system were highlighted as key drivers for future growth.
  • Product Launches and Technology:
    • Gentherm launched solutions on 30 different vehicles across 11 OEMs, including significant collaborations with General Motors, BMW, and new developments with Chinese OEMs like Li Auto.
    • The company is seeing a significant increase in demand for pneumatic lumbar and massage solutions, recording a 46% growth compared to the previous year.
  • Market Dynamics:
    • Current light vehicle production in key markets declined approximately 4.5% year-over-year, but Gentherm still expects to outperform the market, driven by strong consumer demand for its innovative comfort and climate solutions.
    • The reduced production expectations primarily stem from the overall automotive market adjustments, particularly impacting companies like Stellantis and Mercedes, as well as ongoing EV delays.
  • 2024 Guidance Update:
    • The revenue guidance for 2024 was adjusted to a range of $1.45 billion to $1.47 billion due to anticipated declines in light vehicle production and inventory adjustments by Tier 1 customers.
    • Gentherm maintains expectations that its automotive climate and comfort solutions will continue to outpace production in Q4.
  • Future Outlook:
    • The company positions itself strongly for growth despite challenging market conditions, underpinned by record award wins and strong customer relationships.
    • Continued focus on innovation, leveraging its enhanced technology offerings, is expected to deliver long-term benefits.

Overall, Gentherm demonstrated resilience in a challenging automotive market, maintaining strong operational execution and setting the stage for future growth through innovation and strategic partnerships.

Gentherm Earnings History

Earnings Calendar

FAQ

When is the earnings report for THRM?
Gentherm Inc (THRM) has scheduled its earnings report for Feb 19, 2025 before the markets open.

What is the THRM price-to-earnings (P/E) ratio?
THRM P/E ratio as of Feb 12, 2025 (TTM) is 16.65.

What is the THRM EPS forecast?
The forecasted EPS (Earnings Per Share) for Gentherm Inc (THRM) for the first fiscal quarter 2024 is $0.670.

What are Gentherm Inc's retained earnings?
On its balance sheet, Gentherm Inc reported retained earnings of $371.51 million for the latest quarter ending Sep 30, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT GENTHERM INC
Gentherm
Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic co...
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