Gentherm (NASDAQ: THRM) reported Q1 EPS of $0.69, $0.13 better than the analyst estimate of $0.56. Revenue for the quarter came in at $249.3 million versus the consensus estimate of $240.54 million.

• Total revenue growth of 16% to $249.3 million
• Net income of $25.4 million and adjusted EBTIDA of $45.2 million
• Gentherm Global Power Technologies (GPT) revenues partially recovered and increased by 40% from the prior year quarter and on a sequential quarter basis by 79% to $7.4 million
• CSZ continued to grow reporting $20.0 million in revenue, a 26% increase from prior year first quarter pro forma revenue; helping to achieve goal for long-term non-automotive growth
• Gross margin improved by 2.6 percentage points to 34.2% due to higher CSZ and GPT revenues and higher margin content in automotive seat heaters
• Operating expense leveled off from the recent increases funding key drivers of future revenue growth

Guidance

We continue to expect full year 2017 revenue growth of between 5% and 10%. Our guidance reflects the impact from a stronger USD and a full year of CSZ revenues.

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