Gentherm (THRM) Misses Q4 EPS by 7c, Revenues Miss; Offers FY19 Revenues Guidance Below Consensus

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Go back to Gentherm (THRM) Misses Q4 EPS by 7c, Revenues Miss; Offers FY19 Revenues Guidance Below Consensus

Gentherm Reports 2018 Fourth Quarter and Full Year Results

February 21, 2019 6:00 AM EST

Company Achieved Record Annual Revenues Despite Industry HeadwindsSecured Record $1.6 Billion in Automotive Awards in 20182019 Guidance Established

NORTHVILLE, Mich., Feb. 21, 2019 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader and developer of innovative thermal management technologies, today announced its financial results for the fourth quarter and full year ended December 31, 2018.

Fourth Quarter Highlights

Product revenues of $253.7 million decreased 1.4% from $257.2 million in the 2017 fourth quarter. Excluding the impact of acquisitions and foreign currency translation, product revenues declined 2.2% year over yearAutomotive revenues,... More