Gentherm (THRM) Tops Q1 EPS by 3c

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Go back to Gentherm (THRM) Tops Q1 EPS by 3c

Gentherm Reports 2016 First Quarter Results

April 28, 2016 6:01 AM EDT

NORTHVILLE, Mich., April 28, 2016 /PRNewswire/ -- Gentherm (NASDAQ-GS: THRM), the global market leader and developer of innovative thermal management technologies, today announced its financial results for the first quarter ended March 31, 2016.

Gentherm revenues for the 2016 first quarter increased year over year to $215.7 million from $206.9 million for the 2015 first quarter.  Excluding the impact of the strength of the U.S. Dollar, revenues for this year's first quarter would have increased approximately 6 percent to $219.4 million.

Net income for the quarter was $11.9 million, which included the effect of a previously disclosed, one-time Canadian... More