Gentherm (THRM) Misses Q3 EPS by 13c

Gentherm (NASDAQ: THRM) reported Q3 EPS of $0.51, $0.13 worse than the analyst estimate of $0.64. Revenue for the quarter came in at $243.4 million versus the consensus estimate of $256.16 million.

GUIDANCE:

Gentherm sees Q4 2021 revenue of $1.02-1.05 billion, versus the consensus of $1.18 billion.

Guidance

• The Company is updating its full-year 2021 guidance that was last provided on September 14, 2021:
• Product revenues between $1.02 billion and $1.05 billion, based on the current forecast of customer orders, production outlook, supply chain constraints and current foreign exchange rates
• Adjusted EBITDA between 14% and 15% of product revenues
• Full-year effective tax rate between 20% and 22%
• Capital expenditures between $40 million and $50 million

For earnings history and earnings-related data on Gentherm (THRM) click here.

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