Gentherm (THRM) Tops Q2 EPS by 6c, Miss on Revenues

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Gentherm Reports 2018 Second Quarter Results

July 26, 2018 6:00 AM EDT

Achieved Quarterly Revenue and Net Income Growth Despite Industry HeadwindsReaffirms Full Year 2018 Guidance

NORTHVILLE, Mich., July 26, 2018 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader and developer of innovative thermal management technologies, today announced its financial results for the second quarter ended June 30, 2018.

Second Quarter Highlights

Product revenues of $263.8 million increased 8.4 percent from $243.4 million in the second quarter of 2017Earnings per share was $0.45 as compared to $0.23 for the prior-year periodAdjusted earnings per share, excluding restructuring charges, unrealized currency... More