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Gentherm (THRM) Misses Q3 EPS by 3c, Revenues Miss

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Gentherm Reports 2018 Third Quarter Results

October 25, 2018 6:00 AM EDT

Achieved Quarterly Revenue Growth Despite Industry HeadwindsUpdates Full Year 2018 Guidance and Reaffirms 2021 Outlook

NORTHVILLE, Mich., Oct. 25, 2018 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader and developer of innovative thermal management technologies, today announced its financial results for the third quarter ended September 30, 2018.

Third Quarter Highlights

Product revenues of $258.9 million increased 9.8% from $235.9 million in the third quarter of 2017GAAP loss per share was $0.01 as compared to GAAP earnings per share of $0.18 for the prior-year periodAdjusted earnings per share, excluding impairment... More