Gentherm (THRM) Tops Q1 EPS by 13c, Revenues Beat; Affirms FY19 Revenue Guidance

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Go back to Gentherm (THRM) Tops Q1 EPS by 13c, Revenues Beat; Affirms FY19 Revenue Guidance

Gentherm Reports 2019 First Quarter Results

April 30, 2019 6:01 AM EDT

Company Achieved Organic Automotive Revenue Growth Despite Industry Headwinds Secured $400 Million in Automotive Awards Maintains Full-Year 2019 Guidance and 2021 Outlook

NORTHVILLE, Mich., April 30, 2019 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader and developer of innovative thermal management technologies, today announced its financial results for the first quarter ending March 31, 2019.

First Quarter Highlights

Product revenues of $257.9 million decreased 2.5% from $264.6 million in the 2018 first quarter. Excluding the impact of foreign currency translation, product revenues were flat year over yearExcluding the impact... More