Gentherm (THRM) Misses Q2 EPS by 2c, Revenues Miss
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Gentherm Reports 2019 Second Quarter Results
July 25, 2019 6:00 AM EDTRevenue Performance Reflects Challenging Automotive EnvironmentAchieved Highest Gross Margin Rate in 5 QuartersReduced Operating Expenses by 14%Â Updates 2019 Revenue and Gross Margin Guidance
NORTHVILLE, Mich., July 25, 2019 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader of innovative thermal management technologies, today announced its financial results for the second quarter ended June 30, 2019.
Second Quarter Highlights
Product revenues of $243.3 million decreased 8.7% from $266.4 million in the 2018 second quarterExcluding the impact of foreign currency translation, divested assets and assets held for sale, product revenues... More
